Wrap Technologies appoints TJ Kennedy as CEO and Kevin Mullins as President effective April 18, 2022

WRAP TECHNOLOGIES, INC.

TJ Kennedy appointed CEO; previously a director and CEO of FirstNet; replaces interim CEO LW Varner Jr.
Kevin Mullins appointed President; formerly CEO of Intrensic, a digital evidence software provider.
Kennedy: $415K base salary, 75% target bonus, equity grants ~$1.4M in RSUs/options, plus performance options (2.25% of shares).
Mullins: $300K base salary, 75% target bonus, equity grants ~$1.0M in RSUs/options, plus performance options (1.69% of shares).
Company cites $50B+ addressable market; new team to drive growth and diversify beyond BolaWrap 150.

item 5.02 item 8.01 item 9.01

Executive movements

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Appointed

TJ Kennedy

Chief Executive Officer

WRAP · WRAP TECHNOLOGIES, INC.

Effective: 2022-04-18
Filed: April 19, 2022, 7:59 PM ET

appointed TJ Kennedy to serve as the Company’s Chief Executive Officer, effective April 18, 2022

Departed (interim)

LW Varner, Jr.

Interim Chief Executive Officer

WRAP · WRAP TECHNOLOGIES, INC.

Effective: 2022-04-18
Successor: TJ Kennedy
Filed: April 19, 2022, 7:59 PM ET

Concurrently with the appointment of Mr. Kennedy, LW Varner, Jr., the Company’s Interim Chief Executive Officer resigned from this and all positions held within the Company

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

TJ Kennedy was appointed as Chief Executive Officer at WRAP TECHNOLOGIES, INC..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

appointed TJ Kennedy to serve as the Company’s Chief Executive Officer, effective April 18, 2022

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

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

Action: resigned
Role: Interim Chief Executive Officer

Exact text from the filing

Concurrently with the appointment of Mr. Kennedy, LW Varner, Jr., the Company’s Interim Chief Executive Officer resigned from this and all positions held within the Company

View on SEC.gov

WRAP TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0001851734-22-000203

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