Wrap Technologies names Scot Cohen Executive Chairman, adds two new directors

WRAP TECHNOLOGIES, INC.

Scot Cohen appointed Executive Chairman, effective Oct 12, 2023; annual base salary $200,000.
Cohen receives $1.35M in equity (RSA + options) vesting on market cap milestones ($100M-$200M) and revenue targets.
Directors Michael Parris and Wayne Walker resigned without dispute; Walker gets $20K and accelerated option vesting.
Rajiv Srinivasan and Timothy Szymanski appointed to board; each granted options for 30,000 shares at $1.40.
Szymanski is retired Navy SEAL Vice Admiral; Srinivasan is former Microsoft director with military background.

item 1.01 item 5.02 item 8.01 item 9.01

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Appointed

Scot Cohen

Executive Chairman

WRAP · WRAP TECHNOLOGIES, INC.

Effective: 2023-10-12
Filed: October 16, 2023, 7:59 PM ET

the Board of Directors (the “ Board ”) of Wrap Technologies, Inc. (the “ Company ”) appointed Scot Cohen, the Company’s current Chairman of the Board, to the position of Executive Chairman, effective October 12, 2023

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Scot Cohen was appointed as Executive Chairman at WRAP TECHNOLOGIES, INC..

Action: appointed
Role: Executive Chairman

Exact text from the filing

the Board of Directors (the “ Board ”) of Wrap Technologies, Inc. (the “ Company ”) appointed Scot Cohen, the Company’s current Chairman of the Board, to the position of Executive Chairman, effective October 12, 2023

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WRAP TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0001437749-23-028307

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