secwatch.observer — SEC 8-K summary
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Issuer:     VirTra, Inc (VTSI)
CIK:        0001085243
Form:       8-K
Filed at:   2022-05-02T23:59:59+00:00
Accession:  0001493152-22-011717
Event type: leadership
Sentiment:  positive
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VirTra appoints John Givens as co-CEO, effective May 2, 2022
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- John Givens, a director since Nov 2020, named co-CEO alongside Chairman Bob Ferris.
- Annual base salary of $298,990; signing bonus of 64,815 restricted shares vesting after 12 months.
- Granted 288,889 performance-based RSUs tied to net profit thresholds: $2.5M (2022), $3M (2023), $3.5M (2024).
- Givens founded Bohemia Interactive Simulations, sold to BAE Systems for $200M in 2022.
- Independent board members decrease to two; company plans to add another independent director.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1085243/000149315222011717/0001493152-22-011717-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1085243/000149315222011717/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-011717

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