WRAP TECHNOLOGIES: Director Changes & CEO Compensation Update
Ticker: WRAP · Form: 8-K · Filed: Jun 27, 2025 · CIK: 1702924
| Field | Detail |
|---|---|
| Company | Wrap Technologies, Inc. (WRAP) |
| Form Type | 8-K |
| Filed Date | Jun 27, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, executive-compensation
TL;DR
WRAP board shakeup: Smith out, Glickman in. CEO Wagner gets $300k base + bonus.
AI Summary
On June 23, 2025, WRAP TECHNOLOGIES, INC. filed an 8-K report detailing the departure of director Robert D. Smith and the appointment of new director David L. Glickman. The company also announced a new compensatory arrangement for its Chief Executive Officer, Todd W. Wagner, which includes a base salary of $300,000 and potential performance-based bonuses.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Director departures and new compensation packages can introduce uncertainty regarding leadership stability and future strategic direction.
Key Numbers
- $300,000 — CEO Base Salary (New annual base salary for CEO Todd W. Wagner.)
- June 23, 2025 — Report Date (The earliest event reported in this 8-K filing.)
Key Players & Entities
- WRAP TECHNOLOGIES, INC. (company) — Registrant
- Robert D. Smith (person) — Departing Director
- David L. Glickman (person) — Appointed Director
- Todd W. Wagner (person) — CEO
- $300,000 (dollar_amount) — CEO Base Salary
FAQ
Who has been appointed as a new director to WRAP TECHNOLOGIES, INC.?
David L. Glickman has been appointed as a new director.
What is the new base salary for CEO Todd W. Wagner?
The new base salary for CEO Todd W. Wagner is $300,000.
Who has departed from the board of directors at WRAP TECHNOLOGIES, INC.?
Robert D. Smith has departed from the board of directors.
What is the primary business address of WRAP TECHNOLOGIES, INC.?
The principal executive offices are located at 1817 W 4th Street, Tempe, Arizona 85281.
What is the filing date of this 8-K report?
The filing date of this 8-K report is June 27, 2025, with the earliest event reported on June 23, 2025.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on June 27, 2025 by Robert D. Smith regarding WRAP TECHNOLOGIES, INC. (WRAP).