AMMO CFO Rob Wiley resigns amid internal investigation over financial reporting

AMMO announced that Paul Kasowski, who has served as the company’s chief compliance and transformation officer, has been appointed by AMMO’s board of directors as the company’s new CFO, effective immediately. Kasowski succeeds Rob Wiley, who resigned on September 19 at the request of the board. After due consideration, the company’s board determined that Kasowski possesses the requisite experience and qualifications to serve as CFO. As disclosed in a Form 8-K filed with the SEC, a special sub-committee of the nominations and corporate governance committee of the board has retained a law firm to conduct an independent investigation into the company’s internal control over financial reporting for the fiscal years 2020 through 2023. The independent investigation is in its early stages and is focused on fiscal years 2020 through 2023.