AMMO, INC. Appoints Interim CFO Amidst CFO Departure
Ticker: POWWP · Form: 8-K · Filed: Sep 24, 2024 · CIK: 1015383
| Field | Detail |
|---|---|
| Company | Ammo, Inc. (POWWP) |
| Form Type | 8-K |
| Filed Date | Sep 24, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001, $325,000, $406,250.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: cfo-change, management-change, interim-appointment
Related Tickers: POWW
TL;DR
AMMO's CFO is out, interim CFO steps in. Watch for financial strategy shifts.
AI Summary
On September 19, 2024, AMMO, INC. announced the resignation of its Chief Financial Officer, David J. Goetz. The company has appointed Matthew J. Cole as the interim CFO. Cole previously served as the company's Chief Operating Officer and brings extensive financial and operational experience to the role.
Why It Matters
This leadership change in a key financial role could impact investor confidence and the company's financial strategy moving forward.
Risk Assessment
Risk Level: medium — A change in CFO can signal underlying financial issues or strategic shifts, warranting closer scrutiny.
Key Players & Entities
- AMMO, INC. (company) — Registrant
- David J. Goetz (person) — Resigning Chief Financial Officer
- Matthew J. Cole (person) — Appointed Interim Chief Financial Officer
- September 19, 2024 (date) — Date of earliest event reported
FAQ
Why did David J. Goetz resign as CFO of AMMO, INC.?
The filing does not provide a specific reason for David J. Goetz's resignation as CFO.
Who has been appointed as the interim CFO of AMMO, INC.?
Matthew J. Cole has been appointed as the interim CFO of AMMO, INC.
What was Matthew J. Cole's previous role at AMMO, INC.?
Matthew J. Cole previously served as the Chief Operating Officer of AMMO, INC.
What is the effective date of the reported events?
The date of the earliest event reported is September 19, 2024.
What other items are being reported in this 8-K filing?
This 8-K filing also includes information regarding the election of directors and compensatory arrangements of certain officers, in addition to the departure of a certain officer.
Filing Stats: 1,374 words · 5 min read · ~5 pages · Grade level 12.2 · Accepted 2024-09-24 16:05:38
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value POWW The Nasdaq Stock Mar
- $325,000 — Agreement provides for a base salary of $325,000 per year, which may be increased annual
- $406,250.00 — eparation compensation in the amount of $406,250.00 paid in equal bi-monthly installments o
Filing Documents
- form8-k.htm (8-K) — 48KB
- 0001493152-24-037952.txt ( ) — 268KB
- poww-20240919.xsd (EX-101.SCH) — 4KB
- poww-20240919_def.xml (EX-101.DEF) — 29KB
- poww-20240919_lab.xml (EX-101.LAB) — 36KB
- poww-20240919_pre.xml (EX-101.PRE) — 26KB
- form8-k_htm.xml (XML) — 6KB
SIGNATURES
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. AMMO, INC. Dated: September 24, 2024 By: /s/ Jared R. Smith Jared R. Smith Chief Executive Officer