---
schema_version: "secwatch.filing_event.v1"
accession: "0001851734-23-000054"
form_type: "8-K"
ticker: "WRAP"
cik: "0001702924"
company_name: "WRAP TECHNOLOGIES, INC."
filed_at: "2023-02-10T23:59:59+00:00"
generated_at: "2026-06-19T18:06:43.100774+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Wrap Technologies amends bylaws: lowers special meeting and amendment thresholds from supermajority to majority

## Summary
- Shareholder special meeting threshold reduced from 66.67% to a majority of outstanding voting shares.
- Vote required for shareholders to amend bylaws reduced from 66.67% supermajority to a simple majority.
- Advance notice provisions for director nominations updated to align with SEC Rule 14a-19.

## SEC filing metadata
- accession: 0001851734-23-000054
- form_type: 8-K
- ticker: WRAP
- cik: 0001702924
- company_name: WRAP TECHNOLOGIES, INC.
- filed_at: 2023-02-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1702924/000185173423000054/0001851734-23-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1702924/000185173423000054/wrap20230210_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001851734-23-000054
- JSON: https://secwatch.observer/filing/0001851734-23-000054.json
- Plain text: https://secwatch.observer/filing/0001851734-23-000054.txt

## Key facts
- Governance Changes
  WRAP TECHNOLOGIES, INC.: Amended and Restated Bylaws lowering special meeting threshold from supermajority to majority, changing Bylaws amendment vote to majority, and updating advance notice provisions for director nominations to align with Rule 14a-19 (effective 2023-02-07).
  - Change: bylaw amendment
  - Effective: 2023-02-07
  source text: The Board of Directors of Wrap Technologies, Inc. (the “ Company ”) has approved and adopted Amended and Restated Bylaws of the Company (the “ Bylaws ”). The Bylaws became effective on February 7, 2023 and include the following changes: ● lowering the threshold for shareholders to call a special meeting from a supermajority (66.67%) to a majority of the outstanding shares entitled to vote at the meeting; ● changing the required vote for shareholders to amend the Bylaws from a supermajority vote (66.67%) to a majority vote; and ● updating the advance notice provisions relating to shareholder nominations of directors to align with Rule 14a-19 under the Securities Exchange Act of 1934.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1702924/000185173423000054/0001851734-23-000054-index.htm

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