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Posted 13 October, 2023

BK Technologies Corp appointed new CEO

CEO Change detected for ticker NYSE:BKTI in a 8-K filed on 13 October, 2023.


  As previously announced, the Board of Directors of the Company appointed John M. Suzuki, the Company's Chief Executive Officer, as the President of the Company, effective as of October 12, 2023.  

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Overview of BK Technologies Corp
Technology • Networking
BK Technologies Corp. is a holding company, which engages in the provision of two-way radio communications equipment. It offers product to the fire, EMS, police, federal, and municipalities agencies. The company was founded on October 24, 1997 and is headquartered in West Melbourne, FL.
Market Cap
$41.5M
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BK Technologies Corp by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


Mr. Timothy A. Vitou retired from his position as President of BK Technologies Corporation, a Nevada corporation (the "Company"), effective October 12, 2023.


In connection with Mr. Vitou's retirement, the Company and Mr. Vitou entered into a Separation Agreement and General Release ("Separation Agreement"). Pursuant to the Separation Agreement, upon Mr. Vitou's retirement, the Company will pay to Mr. Vitou $283,250, which amounts to twelve months of compensation at Mr. Vitou's current normal base pay rate, less taxes, social security and other required withholdings, to be paid in bi-weekly increments in accordance with the Company's regular payroll practices. Pursuant to the Separation Agreement, Mr. Vitou granted a general release to the Company from any and all claims (known or unknown), rights, or demands that Mr. Vitou has or may have against the Company and other released parties described in the Separation Agreement. In the Separation Agreement, Mr. Vitou was given required opportunities to seek advice of counsel and to revoke the Separation Agreement.


The preceding description of the Separation Agreement is a summary of its material terms, does not purport to be complete, and is qualified in its entirety by reference to the Separation Agreement, a copy of which is being filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.


As previously announced, the Board of Directors of the Company appointed John M. Suzuki, the Company's Chief Executive Officer, as the President of the Company, effective as of October 12, 2023. The information regarding Mr. Suzuki required by Items 401(b), (d), (e), and Item 404(a) of Regulation S-K was disclosed in the Company's Amendment No. 1 to its Annual Report on Form 10-K filed with the Securities and Exchange Commission on May 2, 2023, and is incorporated herein by this reference.