Byrna Technologies Appoints New CFO

TL;DR

Byrna Tech names David Ramsey as new CFO, effective immediately.

AI Summary

Byrna Technologies Inc. announced on June 19, 2024, the appointment of David Ramsey as Chief Financial Officer, effective immediately. Ramsey previously served as interim CFO and brings extensive financial leadership experience to the role. The company also reported on executive compensation arrangements.

Why It Matters

The appointment of a permanent CFO is crucial for financial stability and investor confidence. This move signals a commitment to strong financial leadership as the company continues its operations.

Risk Assessment

Risk Level: low — This filing primarily concerns an executive appointment and compensation, which typically carries a low inherent risk.

Key Players & Entities

• Byrna Technologies Inc. (company) — Registrant
• David Ramsey (person) — Chief Financial Officer
• June 19, 2024 (date) — Effective date of appointment

FAQ

Key Financial Figures

• $0.001 — ge on which registered Common Stock , $0.001 par value BYRN Nasdaq Capital Market
• $200 million — uman resources for a business with over $200 million in annual revenues. Prior to her role a
• $325,000 — s will receive an annual base salary of $325,000 and will be entitled to receive a perfo
• $82,500 — (i) Mr. North will receive a payment of $82,500, less applicable deductions and other w
• $11,458 — will receive compensation at a rate of $11,458 per month for services provided under t

Filing Documents

• byrn20240621_8k.htm (8-K) — 35KB
• ex_691377.htm (EX-10.1) — 13KB
• ex_691378.htm (EX-10.2) — 45KB
• ex_691379.htm (EX-10.3) — 68KB
• ex_691376.htm (EX-99.1) — 12KB
• logo01.jpg (GRAPHIC) — 8KB
• logo02.jpg (GRAPHIC) — 12KB
• 0001437749-24-021036.txt ( ) — 369KB
• byrn-20240619.xsd (EX-101.SCH) — 3KB
• byrn-20240619_def.xml (EX-101.DEF) — 11KB
• byrn-20240619_lab.xml (EX-101.LAB) — 15KB
• byrn-20240619_pre.xml (EX-101.PRE) — 11KB
• byrn20240621_8k_htm.xml (XML) — 3KB

02

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On June 24, 2024, Byrna Technologies Inc. (the "Company") announced that David North, the Company's Chief Financial Officer (the "CFO") will retire from the Company, and Laurilee Kearnes will be appointed as the Company's new CFO and principial financial and accounting officer, effective as of July 15, 2024 (the "Effective Date"). Mr. North's decision to retire as CFO was not caused by any disagreement with the Company and, following the Effective Date, Mr. North will continue with the Company in a new role as an outside consultant. Ms. Kearnes, age 53, brings over 20 years of experience in financial and operating leadership, most recently serving as CFO for Harte Hanks (Nasdaq: HHS), a Massachusetts-based global customer experience (CX) strategy company, from November 2019 to October 2023. At Harte Hanks, she oversaw all finance, accounting, and human resources for a business with over $200 million in annual revenues. Prior to her role as CFO at Harte Hanks, Ms. Kearnes held various key positions, including Corporate Controller from August 2018 to November 2019, Group VP of Finance from 2006 to 2018, and VP of Finance from 2003 to 2006. Her background also includes roles at Brooks Automation, where she managed financial operations in a high-tech manufacturing environment from 2000 to 2003, and at Nutraceutical Corporation, where she gained insights into market dynamics in consumer-focused industries from 1997 to 2000. Ms. Kearnes graduated from Utah State University, receiving both her undergraduate degree and master's degree in accounting. Offer Letter On June 12, 2024, the Company executed a new offer letter (the "Offer Letter") with Ms. Kearnes, to be appointed the Chief Financial Officer Designee effective as of June 7, 2024 and the Company's CFO (and principal financial and accounting officer) as

01

Item 7.01. Regulation FD Disclosure. On June 24, 2024, the Company issued a press release announcing Ms. Kearnes' appointment and Mr. North's retirement. A copy of the press release is attached as Exhibit 99.1. The information in Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of such section, nor shall it be deemed incorporated by reference in any filing of the Company under the Securities Act of 1933 or the Securities Exchange Act of 1934, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.

01

Item 9.01.

Financial Statements and Exhibits

Financial Statements and Exhibits. Exhibit No. Description 10.1 Offer Letter, dated June 12, 2024, between Byrna Technologies, Inc. and Laurilee Kearnes, dated June 12, 2024 10.2 Separation Agreement, dated June 19, 2024, between Byrna Technologies, Inc. and David North 10.3 Consulting Agreement, dated June 19, 2024, between Byrna Technologies, Inc. and David North 99.1 Press Release of Byrna Technologies Inc. dated June 24, 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: June 24, 2024 By: /s/ Bryan Ganz Name: Bryan Ganz Title: Chief Executive Officer