---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-000746"
form_type: "8-K"
ticker: "WRAP"
cik: "0001702924"
company_name: "WRAP TECHNOLOGIES, INC."
filed_at: "2024-01-05T23:59:59+00:00"
generated_at: "2026-06-07T03:11:09.943720+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-000746
- form_type: 8-K
- ticker: WRAP
- cik: 0001702924
- company_name: WRAP TECHNOLOGIES, INC.
- filed_at: 2024-01-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1702924/000143774924000746/0001437749-24-000746-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1702924/000143774924000746/wrap20240105_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-000746
- JSON: https://secwatch.observer/filing/0001437749-24-000746.json
- Plain text: https://secwatch.observer/filing/0001437749-24-000746.txt

## Key facts
- Executive change
  Chris DeAlmeida was terminated as Chief Financial Officer at WRAP TECHNOLOGIES, INC..
  - Action: terminated
  - Role: Chief Financial Officer
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1702924/000143774924000746/0001437749-24-000746-index.htm

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