@rosborne979,
There are several other theories of ammonoid extinction. The most popular has to do with their styles of reproduction, which was a "release bazillion eggs and send some clown to jerk off over them" Hopfully something will stick
Nautiloids produce krger and fewer eggs that are in protected egg cases. So whenever the sea change was chemically significant, the ammonites and belemnites gradually went extinct in the mid to upperK. Remember too that the Upper K was in the middle of the split off of Pangea and currents changed in the mid ocean latitudes.
Most of the ammonite/belemnite extinction is still being looked at carefully because there were 4 main groups of these animals since the Jurassic to the Upper K . BUT, there were almost 100 separate genera. They, like the Foraminiferans diverged quickly and in response to major differences in environments that occured through time.
The two genera of the big Ammonites, the actinoceroides and the Michelonoceroids (and some say the Nipponaoceroids which were not "rolled " looking but were kind of 3-d piled up masses of tubes that occured at the same time as the other two). Michelin and ACtino were very similar and occured at either end of the opening Tethys sea. SO these two giants were actually related by their mother species. They lived in areas that were over deeper sea zones (like fossil trench deposits).
You could earn a PhD with "oak leaf clusters" if you solve and unify the Ammonite /Belemnite cladogram problems.
We use em because they are great "index fossils".An index fossil is one that has a short temporal existence but a wide geographic range. They help us correlate ages and environments of sediment stratigraphy.