secwatch.observer — SEC 8-K summary
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Issuer:     WRAP TECHNOLOGIES, INC. (WRAP)
CIK:        0001702924
Form:       8-K
Filed at:   2022-07-25T23:59:59+00:00
Accession:  0001851734-22-000396
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wrap Technologies appoints Chris DeAlmeida as CFO, replacing retiring James Barnes
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- Chris DeAlmeida appointed CFO effective July 25, 2022; succeeds James Barnes who retired.
- DeAlmeida's base salary set at $275k/year; 125k RSUs vesting over 3 years; option for 175k shares.
- Barnes to consult for 12 months, paid $225k over 18 months; unvested equity continues vesting during that period.
- DeAlmeida previously CFO of Encore Dredging Partners and EVP/CFO of Orion Group Holdings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702924/000185173422000396/0001851734-22-000396-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702924/000185173422000396/wrap20220725_8k.htm
  HTML page:      https://secwatch.observer/filing/0001851734-22-000396

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer