Wrap Technologies CEO Tom Smith resigns; CFO Jim Barnes to retire by year-end

WRAP TECHNOLOGIES, INC.

CEO Tom Smith resigned Jan 24, 2022; receives $100k bonus, 9-month salary severance, equity vesting through Dec 2022.
CFO Jim Barnes to retire before year-end; board begins formal search for replacement.
LW Varner appointed Interim CEO; Lawrence Hirsh named Senior Advisor for financial matters.
Directors Patrick Kinsella and Jeff Kukowski resign; Wayne Walker appointed Chairman.
Transition aims to diversify product suite beyond BolaWrap and Wrap Reality.

item 1.01 item 5.02 item 9.01

Executive movements

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

Appointed (interim)

LW Varner, Jr.

Interim Chief Executive Officer

WRAP · WRAP TECHNOLOGIES, INC.

Effective: 2022-01-24
Filed: January 26, 2022, 6:59 PM ET

the Company announced the appointment of LW Varner, Jr., 71, as Interim Chief Executive Officer of the Company.

Departed

Thomas P. Smith

President and Chief Executive Officer

WRAP · WRAP TECHNOLOGIES, INC.

Effective: 2022-01-24
Successor: LW Varner, Jr.
Filed: January 26, 2022, 6:59 PM ET

Thomas P. Smith resigned as the Company's President and Chief Executive Officer, and as a director of the Company, each effective on January 24, 2022

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

LW Varner, Jr. was appointed as Interim Chief Executive Officer at WRAP TECHNOLOGIES, INC..

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

the Company announced the appointment of LW Varner, Jr., 71, as Interim Chief Executive Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas P. Smith resigned as President and Chief Executive Officer at WRAP TECHNOLOGIES, INC..

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

Thomas P. Smith resigned as the Company's President and Chief Executive Officer, and as a director of the Company, each effective on January 24, 2022

View on SEC.gov

WRAP TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0001851734-22-000050

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