secwatch.observer — SEC 8-K summary
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Issuer:     VirTra, Inc (VTSI)
CIK:        0001085243
Form:       8-K
Filed at:   2021-08-30T23:59:59+00:00
Accession:  0001493152-21-021529
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

VirTra authorizes share repurchase of 10% of outstanding; two directors resign; CEO/COO compensation increased
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- Board authorized repurchase of up to 3,235,326 shares (10% of outstanding as of June 30, 2021).
- Directors Matt Burlend and Ferris (both Managing Directors at First Reserve) resign effective August 30, 2021.
- CEO salary increased to $349,860 and COO to $251,140; first comprehensive compensation review since 2012.
- CEO and COO granted 224,133 and 168,090 performance-based RSUs, plus 14,057 and 10,543 restricted shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1085243/000149315221021529/0001493152-21-021529-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1085243/000149315221021529/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-021529

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