Brief: Ammo Inc. Announces That Steven Urvan And Susan Lokey Have Been Placed On Administrative Leave

Outdoor Holding

06/09/2022 13:43

Sept 6 (Reuters) - Ammo Inc  POWW.O :
    * AMMO INC. ANNOUNCES THAT STEVEN URVAN AND SUSAN LOKEY HAVE
BEEN
PLACED ON ADMINISTRATIVE LEAVE
    * AMMO INC - AMMO BOARD FORMS SPECIAL COMMITTEE
    * AMMO INC - AMMO SUSPENDS THESE EMPLOYEES WHILE COMPANY
CONDUCTS
INTERNAL INVESTIGATION
    * AMMO INC - HAS REASON TO BELIEVE THAT SUSPENDED
INDIVIDUALS MAY
HAVE "MISAPPROPRIATED COMPANY'S DATA AND DIGITAL ASSETS"
    * AMMO INC - HAS REASON TO BELIEVE THAT INDIVIDUALS
TRANSMITTED
THAT DATA TO A THIRD PARTY CONTROLLED BY URVAN AND WITH WHICH
LOKEY IS ASSOCIATED
    * AMMO INC - COMMENCED AN INTERNAL INVESTIGATION INTO
ALLEGED
MISCONDUCT SEVERAL WEEKS AGO
    * AMMO INC - DURING PENDENCY OF INVESTIGATION, THESE
INDIVIDUALS
WILL REMAIN SUSPENDED FROM THEIR DUTIES
    * AMMO INC - CURRENTLY DOES NOT EXPECT INVESTIGATION TO
YIELD ANY
FINDINGS THAT IMPACT FINANCIAL RESULTS

Source text for Eikon:  ID:nGNX2rxT3X 
Further company coverage:  POWW.O 

 ((Reuters.Briefs@thomsonreuters.com;))