Byrna Technologies Inc 8-K, filed Jun 26, 2020
Byrna Technologies Inc. (BYRN)
About this 8-K
Byrna Technologies Inc filed this 8-K on June 26, 2020, reporting on events of June 25, 2020.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
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
Date of Report (Date of earliest event reported): June 25, 2020
BYRNA TECHNOLOGIES INC.
(Exact name of registrant as specified in its charter)
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Delaware |
333-132456 |
71-1050654 |
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(State or other jurisdiction of |
(Commission File Number) |
(IRS Employer Identification No.) |
107 Audubon Road, Suite 201
Wakefield, MA, 01880
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (978) 868-5011
(Former name or former address, if changed since last report)
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:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ 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 ☐
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. ☐
Securities registered pursuant to Section 12(b) of the Act: None
Item 8.01 Other Event
The Company has sent a letter, via e-mail to all e-commerce customers whose shipments have been delayed due to an unprecedented volume of orders. A copy of the letter is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit | Description |
| 99.1 | E-mail circulated June 25, 2020 |
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.
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BYRNA TECHNOLOGIES INC. |
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Date: June 25, 2020 |
By: |
/s/ Bryan Ganz |
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Name: Bryan Ganz Title: Chief Executive Officer |
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Exhibit A: Letter to Customers with Delayed Shipping
Thank you for your recent order of the Byrna HD! At Byrna, our mission is simple - to save lives. We believe our technology has the potential to transform self-defense and we are excited to welcome you to #ByrnaNation.
We were surprised and thrilled to be featured on FOX News earlier this month and have experienced an unprecedented surge in demand for our products that we were frankly, unprepared for. To put things into perspective, we were projecting to sell 2,000 Byrna HDs in June but in just one week we received more than 13,000 orders!
We're honored to have you as a customer and are confident you will be very pleased with your purchase. We also want you to know that we're moving heaven and earth to get you your order as quickly as possible and are ramping up production to meet the increased demand that we are now seeing. We expect to be able to ship all orders by the end of August.
Here's our plan:
• Expanding Production: We're working to expand our production capabilities by five times. This includes hiring dozens of new employees at our Fort Wayne, Indiana facility and taking an additional 10,000 square feet of space.
• Expediting Shipping: During the pandemic, the transportation of parts and materials has been slow. We're chartering an 8-ton cargo jet to get orders from our factory to your door as quickly as possible.
We're committed to keeping you informed throughout the production process and will be sharing another update soon. In the meantime, you can always reach our customer service team at info@byrna.com or visit the Order Statuspage of our website for the latest information.
Sincerely,
Bryan Ganz, President and CEO Byrna Technologies Inc.