Axon Enterprise Elects New Directors
Ticker: AXON · Form: 8-K · Filed: Sep 2, 2025 · CIK: 1069183
Sentiment: neutral
Topics: board-of-directors, governance
TL;DR
Axon just added two new board members, Hoffman and Smith. Board shakeup incoming.
AI Summary
Axon Enterprise, Inc. announced on August 28, 2025, a change in its board of directors. The company elected two new directors, Joshua Hoffman and Michael D. Smith, to its board, effective immediately. This move is part of the company's ongoing efforts to enhance its governance and strategic oversight.
Why It Matters
The addition of new directors can bring fresh perspectives and expertise to the board, potentially influencing strategic decisions and corporate governance for Axon Enterprise.
Risk Assessment
Risk Level: low — The filing concerns routine board changes and does not indicate any financial distress or operational issues.
Key Players & Entities
- Axon Enterprise, Inc. (company) — Registrant
- Joshua Hoffman (person) — Newly Elected Director
- Michael D. Smith (person) — Newly Elected Director
- Delaware (jurisdiction) — State of Incorporation
- Scottsdale, Arizona (location) — Principal Executive Offices
FAQ
Who were the new directors elected to Axon Enterprise's board?
Joshua Hoffman and Michael D. Smith were elected as new directors.
When was the election of the new directors effective?
The election of the new directors was effective as of August 28, 2025.
What is Axon Enterprise, Inc.'s state of incorporation?
Axon Enterprise, Inc. is incorporated in Delaware.
What is the address of Axon Enterprise's principal executive offices?
The principal executive offices are located at 17800 N. 85th St., Scottsdale, Arizona 85255.
What is the IRS Employer Identification No. for Axon Enterprise, Inc.?
The IRS Employer Identification No. for Axon Enterprise, Inc. is 86-0741227.
Filing Stats: 832 words · 3 min read · ~3 pages · Grade level 10.6 · Accepted 2025-09-02 12:44:33
Key Financial Figures
- $0.00001 — ange on which registered Common Stock, $0.00001 Par Value AXON The NASDAQ Stock Market
- $260,000 — k units with a grant date fair value of $260,000 granted on the effective date of his ap
- $40,000 — e year, and annual cash compensation of $40,000, plus additional annual cash retainers
- $10,000 — lus additional annual cash retainers of $10,000 for service on the Audit Committee and
- $6,000 — for service on the Audit Committee and $6,000 for service on the Mergers and Acquisit
Filing Documents
- axon-20250828.htm (8-K) — 24KB
- 0001069183-25-000205.txt ( ) — 138KB
- axon-20250828.xsd (EX-101.SCH) — 2KB
- axon-20250828_lab.xml (EX-101.LAB) — 21KB
- axon-20250828_pre.xml (EX-101.PRE) — 12KB
- axon-20250828_htm.xml (XML) — 3KB
From the Filing
axon-20250828 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________ Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 August 28, 2025 Date of Report (Date of earliest event reported) ________________________________________________________ Axon Enterprise, Inc. (Exact name of registrant as specified in its charter) Delaware 001-16391 86-0741227 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 17800 N. 85 th St. Scottsdale , Arizona 85255 (Address of principal executive offices, including zip code) ( 480 ) 991-0797 (Registrant's telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.00001 Par Value AXON The NASDAQ Stock Market LLC Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 ( 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 ( 240.12b-2 of this chapter). Emerging growth company o If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o Item 5.02 Departure of Directors or Certain Officers Election of Directors Appointment of Certain Officers Compensatory Arrangements of Certain Officers. On August 28, 2025, Todd Morgenfeld was appointed to the Board of Directors (the "Board") of Axon Enterprise, Inc. (the "Company") effective immediately. The Board also appointed him to serve on the Audit Committee and Mergers and Acquisitions and Capital Structure Committee, commencing concurrently with his Board service. Mr. Morgenfeld is an independent director, with an initial term expiring at the Company's 2026 annual meeting of stockholders. In connection with Mr. Morgenfeld's appointment, the Board increased the number of directors on the Board from ten to eleven. Compensation for Mr. Morgenfeld will consist of initial restricted stock units with a grant date fair value of $260,000 granted on the effective date of his appointment and vesting annually over three years, an annual restricted stock unit award with a grant date fair value of $260,000 granted on the date of each Annual Meeting of Stockholders during which Mr. Morgenfeld serves which vests in one year, and annual cash compensation of $40,000, plus additional annual cash retainers of $10,000 for service on the Audit Committee and $6,000 for service on the Mergers and Acquisitions and Capital Structure Committee, with such retainers paid quarterly. These payments are consistent with the current compensation program for the Board. In addition, the Company has entered into an indemnification agreement with Mr. Morgenfeld, the form of which appears as Exhibit 10.1 to the Company's Annual Report on Form 10-K/A filed on May 7, 2025. There are no arrangements or understandings between Mr. Morgenfeld and any other persons pursuant to which they were selected as directors, and there are no transactions in which Mr. Morgenfeld has an interest requiring disclosure under Item 404(a) of Regulation S-K. Todd Morgenfeld, 53, has served as a member of the boards of directors of AppLovin Corporation, a marketing platform for mobile app developers, since 2023, and Urban Outfitters, Inc., a lifestyle retail company, since 2019. He previously served as Chief Financial Officer and then as Chief Financial Officer and Head of Business Operations (CFO/COO) at Pinterest, Inc., a visual discovery engine and social media platform, from 2016 to 2023. Prior to Pinterest, he was Vice President of Finance at Twitter, Inc. (2015–2016) and Treasurer and Senior Vice President of Financial Analytics and Corporate Development at Hewlett-Packard Company, a global technology products and services provider (2013–2015). Earlier, he was an investment partner at Silver Lake Partners, a global private equity firm focused on technology (2004–2013), an Associate at Goldman Sachs & Co. (2001–2004), and served as a Capt