Byrna Technologies Inc. Files 10-K/A Amendment for Fiscal Year Ended Nov 30, 2023

TL;DR

<b>Byrna Technologies Inc. has filed an amended 10-K report for its fiscal year ending November 30, 2023.</b>

AI Summary

Byrna Technologies Inc. (BYRN) filed a Amended Annual Report (10-K/A) with the SEC on March 29, 2024. Byrna Technologies Inc. filed an amended 10-K report for the fiscal year ending November 30, 2023. The company's common stock is traded on The Nasdaq Stock Market LLC under the symbol BYRN. Byrna Technologies Inc. is incorporated in Delaware and has an IRS Employer Identification No. of 71-1050654. The principal executive offices are located at 100 Burtt Road, Suite 115, Andover, MA 01810. The company was formerly known as Security Devices International Inc. until March 1, 2006.

Why It Matters

For investors and stakeholders tracking Byrna Technologies Inc., this filing contains several important signals. This filing is an amendment (10-K/A), indicating potential revisions or additions to the original annual report, which could contain updated financial or operational information. The company's listing on the Nasdaq Stock Market signifies its status as a publicly traded entity subject to ongoing SEC reporting requirements.

Risk Assessment

Risk Level: low — Byrna Technologies Inc. shows low risk based on this filing. The filing is a routine amendment to an annual report, with no immediate negative financial or operational indicators presented in the header information.

Analyst Insight

Review the full amended 10-K filing for Byrna Technologies Inc. to understand the specific changes and their potential impact on the company's financial health and future prospects.

Key Numbers

• 2023-11-30 — Fiscal Year End (Byrna Technologies Inc.)
• 2024-03-29 — Filing Date (10-K/A Amendment)
• BYRN — Trading Symbol (Byrna Technologies Inc. common stock)
• 0001354866 — Central Index Key (Byrna Technologies Inc.)
• 71-1050654 — IRS Number (Byrna Technologies Inc.)
• 01810 — ZIP Code (Principal Executive Offices)
• 001-40385 — SEC File Number (Byrna Technologies Inc.)

Key Players & Entities

• Byrna Technologies Inc. (company) — Registrant name
• BYRN (company) — Trading Symbol
• The Nasdaq Stock Market LLC (company) — Exchange where common stock is registered
• Security Devices International Inc. (company) — Former company name
• 0001437749-24-010089 (other) — Accession Number
• 2023-11-30 (date) — Fiscal year end
• 2024-03-29 (date) — Filing Date
• 01810 (other) — ZIP code

FAQ

Key Dates

• 2023-11-30: Fiscal Year End — Marks the end of the reporting period for the 10-K/A filing.
• 2024-03-29: Filing Date — Date the amended 10-K was filed with the SEC.
• 2006-03-01: Name Change — Date Byrna Technologies Inc. changed its name from Security Devices International Inc.

Key Financial Figures

• $0 — ange on which registered Common stock, $0.001, par value per share BYRN The N
• $4.67 — 015,209 based upon a share valuation of $4.67 per share. As of March 22, 2024, the C

Filing Documents

• byrn20231130_10ka.htm (10-K/A) — 395KB
• ex_645537.htm (EX-31.3) — 5KB
• ex_645538.htm (EX-31.4) — 4KB
• byrna01.jpg (GRAPHIC) — 7KB
• 0001437749-24-010089.txt (&nbsp;) — 682KB
• byrn-20231130.xsd (EX-101.SCH) — 3KB
• byrn-20231130_def.xml (EX-101.DEF) — 17KB
• byrn-20231130_lab.xml (EX-101.LAB) — 23KB
• byrn-20231130_pre.xml (EX-101.PRE) — 18KB
• byrn20231130_10ka_htm.xml (XML) — 8KB

FORWARD LOOKING STATEMENTS

FORWARD LOOKING STATEMENTS This Amendment No. 1 to Annual Report on Form 10-K/A (the "Report") and the documents we have filed with the Securities and Exchange Commission (the "SEC") that are incorporated by reference herein contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Exchange Act that are not historical facts and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. All statements, other than statements of historical fact included in this Annual Report including, without limitation, statements regarding our financial position, business strategy and the plans and objectives of management for future operations, are forward-looking statements. Words such as "may," "will," "should," "could," "would," "expects," "plans," "anticipates," "believes," "goals," "sees," "estimates," "projects," "predicts," "intends," "think," "potential," "objectives," "optimistic," "strategy," and variations and similar words and expressions are intended to identify such forward-looking statements. Such forward-looking statements relate to future events or future performance, but reflect management's current beliefs, based on information currently available. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. Our actual results could differ materially from those anticipated in forward-looking statements as a result of certain factors, including matters described in the section in the Report titled "Risk Factors." Moreover, new risks regularly emerge and it is not possible for our management to predict all risks, nor can we assess the impact of all risks on our business or the extent to which any risk, or combination of risks, may cause actual results to differ from those contained in any f

Executive Compensation

Executive Compensation 9 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 15 Item 13. Certain Relationships and Related Transactions, and Director Independence 16 Item 14. Principal Accounting Fees and Services 18 PART IV Item 15. Exhibits 19

Signatures

Signatures 3 Table of Contents PART III

DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE Directors and Officers As of the date of this Report, our directors and executive officers are as follows: Bryan Ganz 66 Chief Executive Officer, President, and Director Herbert Hughes 64 Chair Leonard Elmore 72 Director Chris Lavern Reed 55 Director Emily Rooney 74 Director David North 60 Chief Financial Officer, Treasurer Luan Pham 52 Chief Revenue and Marketing Officer Bryan Scott Ganz became the Company's President effective July 13, 2018, Chief Executive Officer effective April 1, 2019, has been a director since June 2016, and a member of the Product Safety Committee since June 2022. Mr. Ganz served as Board Chair from April 2019 to June 17, 2022. Prior to becoming the Company's President, he was engaged by the Company, beginning in May 2016, in a consulting capacity to assist in a restructuring of operations, evaluation of management, identify sources of capital, and provide strategic advice. Mr. Ganz brings more than 30 years of global business experience in sales management, manufacturing, new product design and development, and supply chain management, and mergers and acquisitions as well as experience as a director of other publicly held companies. Previously, Mr. Ganz founded Maine Industrial Tire LLC, an industrial tire company sold to a unit of Trelleborg AB in 2012. From 1991 to 2009 Mr. Ganz held several roles culminating with CEO of GPX International, Inc. and its predecessor Galaxy Tire Inc. Mr. Ganz started his career at Paramount Capital Group where he was a partner from 1985 to 1991. Mr. Ganz is the founder and majority shareholder of Northeast Industrial Partners LLC, a holding company that owns and operates privately held businesses. In addition, he is a principal in Scudder Bay Capital LLC, a captive private REIT. Mr. Ganz received a J.D. from Columbia Law School and a B.S. in Business Administration from Georgetown University. During Mr. Ganz's tenure,