secwatch.observer — SEC 8-K summary
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Issuer:     WRAP TECHNOLOGIES, INC. (WRAP)
CIK:        0001702924
Form:       8-K
Filed at:   2024-01-05T23:59:59+00:00
Accession:  0001437749-24-000746
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702924/000143774924000746/0001437749-24-000746-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702924/000143774924000746/wrap20240105_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-000746

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer