CFO Chris DeAlmeida terminated without cause; severance of $137,500

WRAP TECHNOLOGIES, INC.

CFO Chris DeAlmeida's employment terminated without cause effective January 5, 2024.
Severance payment of $137,500 (6 months base salary) payable in installments over six months.
DeAlmeida will cooperate through Jan 31, 2024 at $175/hour; mutual non-disparagement included.
Termination not due to any disagreement on operations, policies, or practices.

item 5.02 item 9.01

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Departed

Chris DeAlmeida

Chief Financial Officer

WRAP · WRAP TECHNOLOGIES, INC.

Effective: 2024-01-05
Filed: January 5, 2024, 6:59 PM ET

On January 5, 2024 (the “Termination Date”), Chris DeAlmeida’s employment as Chief Financial Officer of Wrap Technologies, Inc. (the “Company”) was terminated without cause, effective immediately, pursuant to a Separation Agreement and Mutual Release of Claims (the “Separation Agreement”).

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Executive change SEC 8-K Item 5.02 confidence 0.95

Chris DeAlmeida was terminated as Chief Financial Officer at WRAP TECHNOLOGIES, INC..

Action: terminated
Role: Chief Financial Officer

Exact text from the filing

On January 5, 2024 (the “Termination Date”), Chris DeAlmeida’s employment as Chief Financial Officer of Wrap Technologies, Inc. (the “Company”) was terminated without cause, effective immediately, pursuant to a Separation Agreement and Mutual Release of Claims (the “Separation Agreement”).

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Source: SEC EDGAR

accession 0001437749-24-000746

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