Outdoor Holding Co

Except as set forth below, there were no material changes to the risk factors disclosed in Part I, Item 1A "Risk Factors" of the Form 10-K.

Our share repurchase program may not be fully executed or may be suspended or terminated at any time, and the program could affect the market price of our common stock

In January 2026, our Board of Directors approved a share repurchase program authorizing the repurchase of up to $15.0 million of shares of our common stock from time to time for a period of 12 months. The timing and amount of any repurchases will depend on a variety of factors, including the knowledge of material non-public information, market conditions, the trading price of our common stock, our financial performance, regulatory requirements, and other business considerations. The program does not obligate us to repurchase any specific number of shares and may be modified, suspended, or terminated at any time. The existence of the repurchase program could create volatility in the market price of our common stock or lead investors to expect future repurchases that may not occur. Any failure to meet such expectations could adversely affect the market price of our common stock.