---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-019797"
form_type: "8-K"
ticker: "AXON"
cik: "0001069183"
company_name: "AXON ENTERPRISE, INC."
filed_at: "2023-12-14T23:59:59+00:00"
generated_at: "2026-06-07T12:31:10.691495+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Axon extends CEO Patrick Smith's term; $150M XSU grant subject to shareholder approval

## Summary
- Smith enters new employment agreement through 2030; base salary at minimum wage, no bonus or other equity until 2031.
- Subject to 2024 shareholder vote, Smith receives $150M notional XSUs vesting in 7 tranches based on performance and tenure.
- Smith must repay $30M to company if he resigns before Dec 31, 2030.
- Company waived holding period on ~$25M of shares from 2018 options; Smith must repay $25M if resigns before Dec 31, 2025.

## SEC filing metadata
- accession: 0001558370-23-019797
- form_type: 8-K
- ticker: AXON
- cik: 0001069183
- company_name: AXON ENTERPRISE, INC.
- filed_at: 2023-12-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1069183/000155837023019797/0001558370-23-019797-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1069183/000155837023019797/axon-20231208x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-019797
- JSON: https://secwatch.observer/filing/0001558370-23-019797.json
- Plain text: https://secwatch.observer/filing/0001558370-23-019797.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.