Item 5.07 Submission of Matters to a Vote of Security Holders.

On January 5, 2023, Ammo, Inc., (the "Company") held its 2022 Annual Meeting of Shareholders (the "2022 Annual Meeting"). Only shareholders of record as of the close of business on November 15, 2022 ("Record Date"), were entitled to vote at the 2022 Annual Meeting.

As of the Record Date, 117,449,755 shares of common stock ("Common Stock") were outstanding and entitled to vote and represented one vote that could be voted on each matter that came before the 2022 Annual Meeting.

At the 2022 Annual Meeting, 58,235,232 shares of Common Stock were represented and voted, in person or by proxy, or 49.38% of the outstanding stock, constituting the presence in person or by proxy of the holders of more than one-third (33.33%) of the outstanding stock needed for a quorum at the 2022 Annual Meeting.

The following four proposals, each of which is described in detail in the Company's definitive proxy statement filed with the Securities and Exchange Commission on November 22, 2022, were before the 2022 Annual Meeting, and they received the votes listed below. Each proposal was approved.





Proposal 1: Election of Nine Directors to Serve until the 2023 Annual Meeting.
Each nominee was elected by the Company's shareholders, as recommended by the
Company's board of directors:



Nominee                            For            Abstain         Broker-Non Votes
Fred W. Wagenhals                50,920,362       5,437,812            1,877,058
Russell William Wallace, Jr.     46,039,692       10,318,482           1,877,058
Harry S. Markley                 49,611,704       6,746,470            1,877,058
Jessica M. Lockett               48,870,399       7,487,775            1,877,058
Richard R. Childress             47,566,005       8,772,150            1,897,077
Steven F. Urvan                  53,773,495       2,584,677            1,877,060
Wayne Walker                     51,069,318       5,288,856            1,877,058
Christos Tsentas                 52,862,113       3,496,061            1,877,058
Randy E. Luth                    52,940,458       3,417,716            1,877,058

Proposal 2: Ratification of the Appointment of Pannell Kerr Forster of Texas, P.C. as the Company's Independent Registered Public Accounting Firm. The shareholders ratified the appointment of Pannell Kerr Forster of Texas, P.C. as the Company's independent registered public accounting firm, as recommended by the Company's board of directors.





    For           Against       Abstentions
  56,689,569       705,837         839,825

Proposal 3: Approval on an Advisory Basis of the Compensation of Named Executive Officers. The shareholders approved, on an advisory basis, the compensation of our named executive officers.





    For            Against        Abstentions       Broker Non-Votes
  49,858,872       5,716,333         782,969             1,877,058

Proposal 4: Approval of the Stock Incentive Plan Amendment Proposal. The shareholders approved the Ammo, Inc. 2017 Equity Incentive Plan amendment.





    For            Against         Abstentions       Broker Non-Votes
  28,882,181       26,718,899         757,094             1,877,058

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