UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
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| Item 8.01. | Other Events. |
Settlement of Litigation and Related Developments
As previously disclosed on a Current Report on Form 8-K filed with the Securities and Exchange Commission on May 28, 2025, as amended on June 2, 2025, on May 21, 2025, Outdoor Holding Company (the “Company”) entered into a Settlement Agreement (the “Settlement Agreement”), by and among the Company, Speedlight Group I, LLC, a Delaware limited liability company and a wholly owned subsidiary of the Company (“Speedlight”), Steven F. Urvan, and certain current and former members of the Company’s Board of Directors (collectively, the “Legacy Directors”). The Settlement Agreement became effective at 5:00 p.m. Eastern Time on May 30, 2025 (the “Effective Date”) pursuant to its terms.
As a result and pursuant to the Settlement Agreement, effective as of the Effective Date, (i) Jared Smith resigned as a member of the Board and from his position as the Chief Executive Officer of the Company and as an officer or member of each of the Company’s direct or indirect subsidiaries and (ii) Mr. Urvan was appointed as the Chief Executive Officer of the Company and as the Chairman of the Board of Directors (the “Board”).
In addition, in accordance with the Settlement Agreement, on June 3, 2025, the Company, Speedlight, Mr. Urvan and the Legacy Directors filed a Stipulation of Voluntary Dismissal With Prejudice dismissing, with prejudice, all claims asserted in the previously disclosed litigation among such parties.
Adjusted Annual Meeting Date and Record Date
On June 5, 2025, the Board determined to adjust the previously announced date of the Company’s 2025 annual meeting of stockholders (the “2025 Annual Meeting”) and related record date. The 2025 Annual Meeting will be held on Friday, August 29, 2025 and the record date for determining stockholders who are eligible to receive notice of and vote at the 2025 Annual Meeting will be Monday, June 30, 2025. The Company will publish additional details regarding the exact time, location and matters to be voted on at the 2025 Annual Meeting in the Company’s proxy statement for the 2025 Annual Meeting.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| OUTDOOR HOLDING COMPANY | ||
| Dated: June 5, 2025 | By: | /s/ Paul J. Kasowski |
| Paul J. Kasowski | ||
| Chief Financial Officer | ||