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): August 24, 2022

VIRTRA, INC.

(Exact name of Registrant as Specified in Its Charter)

Nevada	001-38420	93-1207631
(State or Other Jurisdiction	(Commission	(IRS Employer
of Incorporation)	File Number)	Identification No.)

295 E. Corporate Place

Chandler, AZ

85225

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (480) 968-1488

Not Applicable

(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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.0001 par value		VTSI		NASDAQ Capital Market

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. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; compensatory Arrangements of Certain Officers

Effective August 24, 2022, VirTra appointed Danielle De Rosa-Diaz, 45, as its Chief Financial Officer. She has served as chief financial officer for several profit and non-profit entities, with her most recent positions being with Bakersfield Heart Hospital, Bakersfield, California (April 2022 to August 2022) and CommonSpirit Health, Phoenix, Arizona (December 2010 to February 2022). More information about her business background can be found in the press release, which is filed as an exhibit to this report.

Ms. De Rosa-Diaz will receive an annual salary of $200,000 and was granted 15,000 performance-based restricted stock units pursuant to VirTra’s 2017 Equity Incentive Plan, which can be earned over a three-year period. There are no family relationships between Ms. De Rosa-Diaz and any other officer or director of VirTra.

Also, effective August 24, 2022, Marsha Foxx was terminated as the Chief Accounting Officer of VirTra.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
99.1		Press release of the registrant dated August 26, 2022.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

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.

	VIRTRA, INC.

Date: August 26, 2022	By:	/s/ Robert D. Ferris
	Name:	Robert D. Ferris
	Title:	Co-Chief Executive Officer

Exhibit 99.1

VirTra Appoints Danielle Diaz as Chief Financial Officer

CHANDLER, Ariz. — August 26, 2022 — VirTra, Inc. (NASDAQ: VTSI) (“VirTra”), a global provider of judgmental use of force training simulators and firearms training simulators for the law enforcement and military markets, has appointed Danielle Diaz as chief financial officer, effective, August 24, 2022. Danielle Diaz replaces chief accounting officer Marsha J. Foxx, who has departed the company. Foxx’s departure was not the result of any disagreement with VirTra on any matters relating to its accounting practices or policies.

Diaz brings over 20 years of experience in financial and operating functions, including extensive experience as a chief financial officer. Throughout her career, she has held numerous accounting and financial leadership positions across different industries, including manufacturing and technology. Prior to VirTra, she held the role of chief financial officer at both F&B manufacturing, an industry leading manufacturer specializing in complex sheet metal fabrication of customer designed products, and Lorts Manufacturing, a custom furniture manufacturer. She also was a senior finance officer for Common Spirit, one of the largest nonprofit health systems in the U.S. and was most recently the chief financial officer for Bakersfield Heart Hospital. Diaz holds a Bachelor of Science in Accounting and Master of Business Management from the University of Phoenix. She was recently 1 of 18 selected nationally for the Harvard Business School Leadership Development Program currently underway.

“Danielle brings two decades of senior level financial experience and executive leadership to VirTra that will prove invaluable for our organization,” said John Givens, co-CEO of VirTra. “We expect her extensive experience as a CFO, coupled with her excellent leadership abilities and business acumen, will allow her to hit the ground running in her new role. On behalf of the entire VirTra team, I would like to thank Marsha for her time and contribution to the Company, including overseeing our ERP system integration and recent financial filings.”

Diaz commented: “I am grateful for the opportunity to join VirTra at such an exciting time in the Company’s growth trajectory. I look forward to working alongside all the departments to bring my experience and knowledge to VirTra as it continues to scale to provide better training for even more customers.”

About VirTra

VirTra (NASDAQ: VTSI) is a global provider of judgmental use of force training simulators and firearms training simulators for the law enforcement, military, educational and commercial markets. The company’s patented technologies, software, and scenarios provide intense training for de-escalation, judgmental use-of-force, marksmanship, and related training that mimics real-world situations. VirTra’s mission is to save and improve lives worldwide through practical and highly effective virtual reality and simulator technology. Learn more about the company at www.VirTra.com.

Investor Relations Contact:

Matt Glover or Jeff Grampp

[email protected]

949-574-3860