Urvan Group Intends to File a Preliminary Proxy Statement and Accompanying Universal Proxy Card
September 19, 2022 at 06:00 pm IST
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On September 19, 2022, Steven Urvan issued a statement in connection with its nomination of 7 qualified candidates; Gregg Alper, Darren Farber, William L. Fraim, Susan T. Lokey, Christos Tsentas, Steven F. Urvan and Wayne R. Walker for election to the Company's Board of Directors at the 2022 Annual Meeting of Shareholders. Steven Urvan stated that the Company's board owe fiduciary duties to all shareholders and will have their decisions heavily scrutinized during an election contest and urged independent board members to refrain from authorizing a dilutive transaction or the squandering of shareholders' capital on defensive maneuvers. In addition, Steven Urvan Group stated that it intends to file a preliminary proxy statement and accompanying Universal Proxy Card with the Securities and Exchange Commission to be used to solicit votes for the election of its slate of qualified director nominees at the Company's 2022 annual meeting.
AMMO, Inc. is a vertically integrated producer of ammunition and components. The Company is the owner of GunBroker.com, which is an online marketplace serving the firearms and shooting sports industries. The Company operates through two segments: Ammunition and Marketplace. The Ammunition segment consists of the Companyâs manufacturing business. The segment is engaged in the designing, production and marketing of ammunition and ammunition component products. The Companyâs core ammunition business is vertically integrated with multi-channel distribution, including direct-to-consumer, wholesale, military and law enforcement customers. Its product offering encompasses approximately 60 items, including STREAK Visual Ammunition, a patented technology. The Marketplace segment consists of the GunBroker.com marketplace. In its role as an auction site, GunBroker.com supports the sale of firearms, ammunition and hunting/shooting accessories.
AMMO, INC. 
