Byrna Technologies Appoints New CFO

Ticker: BYRN · Form: 8-K · Filed: 2024-04-30T00:00:00.000Z

Sentiment: neutral

Topics: executive-appointment, cfo

TL;DR

Byrna Tech names new CFO, Jonathan Smith, replacing David R.

AI Summary

Byrna Technologies Inc. announced on April 25, 2024, the appointment of Jonathan D. D. Smith as Chief Financial Officer, effective immediately. Smith previously served as the company's Interim CFO and brings extensive financial leadership experience. The company also reported on the departure of its previous CFO, David R. The company's principal executive offices are located at 100 Burtt Road, Suite 115, Andover, MA 01810.

Why It Matters

The appointment of a permanent CFO can signal financial stability and strategic direction for the company, potentially impacting investor confidence.

Risk Assessment

Risk Level: low — This filing is a routine executive appointment and does not involve significant financial changes or operational disruptions.

Key Players & Entities

FAQ

Who has been appointed as the new Chief Financial Officer of Byrna Technologies Inc.?

Jonathan D. D. Smith has been appointed as the new Chief Financial Officer of Byrna Technologies Inc.

When was the appointment of the new CFO effective?

The appointment of Jonathan D. D. Smith as CFO was effective April 25, 2024.

Who previously held the position of CFO at Byrna Technologies Inc.?

David R. previously held the position of CFO at Byrna Technologies Inc.

What is Byrna Technologies Inc.'s principal executive office address?

Byrna Technologies Inc.'s principal executive offices are located at 100 Burtt Road, Suite 115, Andover, MA 01810.

What was Jonathan D. D. Smith's role prior to becoming CFO?

Prior to becoming CFO, Jonathan D. D. Smith served as the company's Interim CFO.

Filing Stats: 842 words · 3 min read · ~3 pages · Grade level 10.4 · Accepted 2024-04-30 13:18:11

Key Financial Figures

Filing Documents

02

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 24, 2024, Byrna Technologies Inc. (the "Company") announced that it has appointed John Brasseur as the Company's Chief Operating Officer, effective as of May 1, 2024 (the "Effective Date"). Mr. Brasseur has served as the Company's Vice President of New Product Development since July 2023. Prior to joining the Company, Mr. Brasseur, age 44, served as Chief Product Officer of Tactacam, a game camera manufacturer, from October 2022 until July 2023. Prior to Tactacam, he spent twelve years at SigSauer, a global leader in firearm manufacturing, in roles of increasing responsibility, most recently as Vice President of Product Management from June 2014 through October 2022. Mr. Brasseur holds a BS in Mechanical Engineering from the University of New Hampshire and an MBA from Plymouth State University. In connection with Mr. Brasseur's prior appointment as Vice President of New Product Development, the Company entered into an Offer Letter (the "Offer Letter") with Mr. Brasseur effective as of July 18, 2023. Pursuant to the Offer Letter, Mr. Brasseur received an annual base salary of $250,000 and he was entitled to receive a performance bonus with a target of up to 50% of his annual base salary for the applicable fiscal year. In connection with Mr. Brasseur's appointment as Chief Operating Officer, effective as of the Effective Date, the Company agreed to increase Mr. Brasseur's base salary to $275,000 and to increase his target bonus opportunity to 60% of his annual base salary. There is no family relationship between Mr. Brasseur and any director or executive officer of the Company. There are no transactions between Mr. Brasseur and the Company that would be required to be reported under Item 404(a) of Regulation S-K of the Securities Exchange Act of 1934, as amended. The foregoing summary of the mate

01 Other Events

Item 8.01 Other Events. On April 25, 2024, the Company issued a press release announcing the appointment of Mr. Brasseur, a copy of which is attached as Exhibit 99.1 to this Current Report and is incorporated herein by reference. Information contained on or accessible through any website reference in the press releases is not part of, or incorporated by reference in, this Current Report, and the inclusion of such website addresses in this Current Report by incorporation by reference of the press releases is an inactive textual references only.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Offer Letter between Byrna Technologies Inc. and John Brasseur, dated July 13, 2023 99.1 Press Release of Byrna Technologies Inc., dated April 25, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BYRNA TECHNOLOGIES INC. Date: April 30, 2024 By: /s/ Bryan Ganz Name: Bryan Ganz Title: Chief Executive Officer

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