{"schema_version":"secwatch.filing_event.v1","accession":"0001851734-22-000050","form_type":"8-K","ticker":"WRAP","cik":"0001702924","company_name":"WRAP TECHNOLOGIES, INC.","filed_at":"2022-01-26T23:59:59+00:00","discovered_at":"2026-05-14T18:04:07.866702+00:00","generated_at":"2026-06-27T15:29:33.181492+00:00","sec_items":["1.01","5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Wrap Technologies CEO Tom Smith resigns; CFO Jim Barnes to retire by year-end","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001851734-22-000050","json":"https://secwatch.observer/filing/0001851734-22-000050.json","markdown":"https://secwatch.observer/filing/0001851734-22-000050.md","text":"https://secwatch.observer/filing/0001851734-22-000050.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1702924/000185173422000050/0001851734-22-000050-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1702924/000185173422000050/wrap20220125_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-27T15:29:33.181492+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6fcf89e7ec","claim":"LW Varner, Jr. was appointed as Interim Chief Executive Officer at WRAP TECHNOLOGIES, INC..","evidence_excerpt":"the Company announced the appointment of LW Varner, Jr., 71, as Interim Chief Executive Officer of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1702924/000185173422000050/0001851734-22-000050-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Interim Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"d9c595795f","claim":"Thomas P. Smith resigned as President and Chief Executive Officer at WRAP TECHNOLOGIES, INC..","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1702924/000185173422000050/0001851734-22-000050-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}