secwatch.observer — SEC 8-K summary
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Issuer:     WRAP TECHNOLOGIES, INC. (WRAP)
CIK:        0001702924
Form:       8-K
Filed at:   2025-10-27T23:59:59+00:00
Accession:  0001493152-25-019686
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wrap Tech CFO departs, CEO takes dual finance roles; Juggernaut founder joins board
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- Jerry Ratigan mutually separated as CFO, PFO, PAO effective Oct 24, 2025; receives $50k severance.
- CEO Scot Cohen appointed as Principal Financial and Accounting Officer, effective immediately, no additional compensation.
- Board expanded to six; John Shulman (Juggernaut Capital, $1B+ AUM) appointed director, effective Oct 25, 2025.
- Shulman, a substantial investor in Wrap, brings 25+ yrs private equity experience; serves until next annual meeting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702924/000149315225019686/0001493152-25-019686-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702924/000149315225019686/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-019686

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