Outdoor Holding Company, the owner of GunBroker.com, held its 2025 Annual Meeting of Stockholders on August 29, and, as a result, regained compliance with Nasdaq Listing Rule 5620(a). At the meeting, the company also elected a new board of directors.

Chairman and CEO Steve Urvan said, “We are very pleased to regain full compliance with Nasdaq Listing Rule 5620(a). We received a series of deficiency notices starting over 9 months ago, and the Board and management team have worked tirelessly to resolve these deficiencies. In the remediation process, we have dramatically improved our internal corporate processes and governance to position the company for the future. With a new board of seasoned veterans, we can now focus fully on our mission as a pure-play online marketplace for firearms and outdoor enthusiasts. Our primary mandate will be accelerating growth in our core online business and enhancing long-term stockholder value. I look forward to working with our newly elected board on achieving these goals.”

During the Annual Meeting, the company’s stockholders approved the following, each of which the company has provided greater detail in its proxy statement filed with the Securities and Exchange Commission on July 14, 2025.

  1. Election of Steve F. Urvan, Christos Tsentas, Wayne Walker, Houman Akhavan, and David Douglas as company directors through the 2026 Annual Meeting of Stockholders.
  2. Ratification of Withum Smith & Brown, PC as the company’s independent registered public accounting firm for the fiscal year ending March 31, 2026.
  3. Approval of the Outdoor Holding Company’s 2025 Long-Term Incentive Plan.
  4. Approval of the Warrant Share Issuance Proposal.
  5. Approval of a Reverse Stock Split of the Common Stock at a ratio in the range of 1-for-5 to 1-for-10, with the exact ratio to be determined at the discretion of the company’s Board within one year of its Annual Meeting of Stockholders.
  6. Approval, on an advisory basis, of the compensation of the company’s named executive officer.
  7. Approval, on an advisory basis, of the frequency of future advisory votes on named executive officer compensation in one-year intervals.

Image courtesy GunBroker.com