Outdoor Holding Company announced on May 28, 2025, the settlement of its ongoing litigation with Steve Urvan. As part of the settlement, Steve Urvan, founder of GunBroker.com and the company's largest shareholder, will assume the roles of Chief Executive Officer and Chairman of the Board, effective May 30, 2025.
Outgoing CEO Jared Smith will resign from the Board on the effective date. Mr. Urvan will receive financial remuneration as part of the settlement and will take a salary of $1 in his first year, with future bonus or equity grants determined by the Compensation Committee.
The Board determined Mr. Urvan is the right leader due to his extensive expertise in building and growing technology and e-commerce companies, developed during his 22 years leading GunBroker.com. This transition aims to refocus the company on its core GunBroker business and enhance shareholder value.
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