John Givens appointed CEO of VirTra; founder Ferris becomes Executive Chairman

VirTra, Inc

John Givens becomes CEO effective Aug 15, 2023; previously co-CEO since May 2022.
Founder Robert Ferris transitions from co-CEO to Executive Chairman.
Three-year employment agreement: base salary $349,859.90, annual bonus, equity participation.
Severance: 3x base salary (non-cause, no change of control); 4x base + accelerated vesting upon change of control.
Two-year non-compete covenant for terminations other than voluntary for good reason.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Robert Ferris

Executive Chairman of the Board

VTSI · VirTra, Inc

Effective: 2023-08-15
Filed: August 15, 2023, 7:59 PM ET

Robert Ferris, the Company’s founder and current chairman and co-CEO will transition to the position of Executive Chairman of the Board.

Appointed

John Givens

Chief Executive Officer

VTSI · VirTra, Inc

Effective: 2023-08-15
Filed: August 15, 2023, 7:59 PM ET

Effective August 15, 2023, John Givens will assume the role of the Company’s Chief Executive Officer (CEO).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert Ferris changed role as Executive Chairman of the Board at VirTra, Inc.

Action: transition to
Role: Executive Chairman of the Board

Exact text from the filing

Robert Ferris, the Company’s founder and current chairman and co-CEO will transition to the position of Executive Chairman of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John Givens changed role as Chief Executive Officer at VirTra, Inc.

Action: assume the role of
Role: Chief Executive Officer

Exact text from the filing

Effective August 15, 2023, John Givens will assume the role of the Company’s Chief Executive Officer (CEO).

View on SEC.gov

VirTra, Inc filing history →

Source: SEC EDGAR

accession 0001493152-23-028834

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