---
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"
generated_at: "2026-06-27T15:29:33.181492+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001851734-22-000050
- JSON: https://secwatch.observer/filing/0001851734-22-000050.json
- Plain text: https://secwatch.observer/filing/0001851734-22-000050.txt

## Key facts
- Executive change
  LW Varner, Jr. was appointed as Interim Chief Executive Officer at WRAP TECHNOLOGIES, INC..
  - Action: appointed
  - Role: Interim Chief Executive Officer
  source text: the Company announced the appointment of LW Varner, Jr., 71, as Interim Chief Executive Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1702924/000185173422000050/0001851734-22-000050-index.htm
- Executive change
  Thomas P. Smith resigned as President and Chief Executive Officer at WRAP TECHNOLOGIES, INC..
  - Action: resigned
  - Role: President and Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1702924/000185173422000050/0001851734-22-000050-index.htm

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