Outdoor Holding Company (NASDAQ: POWW) confirmed that Fred Wagenhals, the Company’s former Chairman and founder, has sold a considerable position of his common stock. **
Mr. Wagenhals has not been affiliated with the Company in any official capacity in over a year, although he remains a subject of an enforcement action filed by the Securities and Exchange Commission. He is no longer subject to Section 16 reporting requirements, including the obligation to file Form 4 disclosures regarding changes in beneficial ownership.
The Company remains committed to strong corporate governance, regulatory compliance, and the continued execution of its strategic priorities under current leadership. The Company remains focused on operational execution while reinforcing trust with investors, customers, and partners.
** UPDATED April 24 to reflect that the total number of shares sold by Mr. Wagenhals is unknown.