---
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"
generated_at: "2026-06-07T11:58:24.657326+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Wrap Technologies appoints Scot Cohen as Principal Executive Officer; Bylaws quorum reduced

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-034593
- JSON: https://secwatch.observer/filing/0001437749-23-034593.json
- Plain text: https://secwatch.observer/filing/0001437749-23-034593.txt

## Key facts
- Executive change
  Scot Cohen was appointed as Principal Executive Officer at WRAP TECHNOLOGIES, INC..
  - Action: appointed
  - Role: Principal Executive Officer
  source text: appointed Scot Cohen (53), the Company’s current Executive Chairman of the Board, to the position of Principal Executive Officer, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1702924/000143774923034593/0001437749-23-034593-index.htm
- Governance Changes
  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).
  - Change: bylaw amendment
  - Effective: 2023-12-12
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1702924/000143774923034593/0001437749-23-034593-index.htm

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