{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-034593","form_type":"8-K","ticker":"WRAP","cik":"0001702924","company_name":"WRAP TECHNOLOGIES, INC.","filed_at":"2023-12-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.102870+00:00","generated_at":"2026-06-07T11:58:24.657326+00:00","sec_items":["5.02","5.03","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Wrap Technologies appoints Scot Cohen as Principal Executive Officer; Bylaws quorum reduced","bullets":["Scot Cohen, current Executive Chairman, appointed Principal Executive Officer effective Dec 12, 2023; no additional compensation.","Kevin Mullins steps down as Principal Executive Officer but remains President, CEO, and Director.","Director Kevin Sherman resigns effective Dec 31, 2023; no dispute with company.","Board amends Bylaws to reduce stockholder meeting quorum from majority to one-third of outstanding shares."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-034593","json":"https://secwatch.observer/filing/0001437749-23-034593.json","markdown":"https://secwatch.observer/filing/0001437749-23-034593.md","text":"https://secwatch.observer/filing/0001437749-23-034593.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1702924/000143774923034593/0001437749-23-034593-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1702924/000143774923034593/wrap20231215_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T11:58:24.657326+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b30d26cd27","claim":"Scot Cohen was appointed as Principal Executive Officer at WRAP TECHNOLOGIES, INC..","evidence_excerpt":"appointed Scot Cohen (53), the Company’s current Executive Chairman of the Board, to the position of Principal Executive Officer, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1702924/000143774923034593/0001437749-23-034593-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Principal Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"e4f069e0bb20f267d47449ac17cb26762198cf4c","claim":"WRAP TECHNOLOGIES, INC.: Reduced the stockholder meeting quorum threshold from a majority to one-third of outstanding shares entitled to vote (effective 2023-12-12).","evidence_excerpt":"On December 12, 2023, the Board of the Company approved an amendment to the Amended and Restated Bylaws of the Company (the “Amendment”) for the purpose of reducing the threshold required to establish a quorum for its meetings of stockholders from a majority of the outstanding shares of the Company entitled to vote, represented in person or by proxy, to one-third of the outstanding shares of the Company entitled to vote, represented in person or by proxy at such meetings.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1702924/000143774923034593/0001437749-23-034593-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2023-12-12"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}