---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-028307"
form_type: "8-K"
ticker: "WRAP"
cik: "0001702924"
company_name: "WRAP TECHNOLOGIES, INC."
filed_at: "2023-10-16T23:59:59+00:00"
generated_at: "2026-06-09T23:26:07.950107+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-028307
- form_type: 8-K
- ticker: WRAP
- cik: 0001702924
- company_name: WRAP TECHNOLOGIES, INC.
- filed_at: 2023-10-16T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1702924/000143774923028307/0001437749-23-028307-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1702924/000143774923028307/wrap20231015_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-028307
- JSON: https://secwatch.observer/filing/0001437749-23-028307.json
- Plain text: https://secwatch.observer/filing/0001437749-23-028307.txt

## Key facts
- Executive change
  Scot Cohen was appointed as Executive Chairman at WRAP TECHNOLOGIES, INC..
  - Action: appointed
  - Role: Executive Chairman
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1702924/000143774923028307/0001437749-23-028307-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.