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Posted 09 April, 2024

WRAP TECHNOLOGIES, INC. appointed new CEO

CEO Change detected for ticker Nasdaq:WRAP in a 8-K filed on 09 April, 2024.


  On April 5, 2024, the Board of Directors (the "Board") of Wrap Technologies, Inc. (the "Company") appointed Scot Cohen ("Mr. Cohen"), who serves as the Company's Executive Chairman and Chief Executive Officer, and as its Principal Executive Officer, to the position of Interim Principal Financial Officer and Principal Accounting Officer, effective immediately.  

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Overview of WRAP TECHNOLOGIES, INC.
Industrial Goods • Defense Equipment/Products
Wrap Technologies, Inc. is a global public safety technology and service company, which engages in the provision of modern policing solutions to law enforcement and security personnel. Its products include BolaWrap Remote Restraint Device and Wrap Reality. The company was founded by Elwood G. Norris, Scot J. Cohen, and James A. Barnes in March 2016 and is headquartered in Tempe, AZ.
Market Cap
$150M
View Company Details
WRAP TECHNOLOGIES, INC. 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.


On April 5, 2024, the Board of Directors (the "Board") of Wrap Technologies, Inc. (the "Company") appointed Scot Cohen ("Mr. Cohen"), who serves as the Company's Executive Chairman and Chief Executive Officer, and as its Principal Executive Officer, to the position of Interim Principal Financial Officer and Principal Accounting Officer, effective immediately. For the information required by Items 401(b), (d), (e) and Item 404(a) of Regulation S-K, see the Current Report on Form 8-K filed by the Company on December 15, 2023, the relevant portions of which are incorporated herein by reference.


Mr. Cohen will continue to serve pursuant to his existing Employment Agreement, dated October 12, 2023, as amended on January 14, 2024 (as amended, the "Employment Agreement"). For more information about the Employment Agreement, see the Current Report on Form 8-K filed by the Company on January 19, 2024, the relevant portions of which are incorporated herein by reference.