Wrap Technologies, Inc 8-K, filed Oct 26, 2026
Wrap Technologies, Inc. (WRAP)
About this 8-K
Wrap Technologies, Inc filed this 8-K on October 26, 2026, reporting on events of October 20, 2026.
Wrap Technologies, Inc. expanded its board from six to seven directors and appointed Edward Delatorre effective immediately. He received options to purchase 30,000 common shares at $1.45 per share, with a ten-year term. AI summary
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 20, 2026, the Board of Directors (the “Board”) of Wrap Technologies, Inc. (the “Company”) increased the size of the Board from six directors to seven directors and appointed Edward Delatorre to the Board, effective immediately, to serve as a director until the Company’s 2026 annual meeting of stockholders or until his successor is duly elected and qualified, or until his earlier death, resignation, or removal. As of the date of this Current Report on Form 8-K, Mr. Delatorre has not been appointed to any committees of the Board.
There are no arrangements or understandings between Mr. Delatorre and any other persons pursuant to which Mr. Delatorre was selected to serve as a director of the Company. In addition, there are no transactions between the Company and Mr. Delatorre or his immediate family members requiring disclosure under Item 404(a) of Regulation S-K promulgated under the Securities Act of 1933, as amended.
In connection with his appointment, the Company granted Mr. Delatorre options (“Options”) to purchase 30,000 shares of Company common stock, par value $0.0001 per share, with an exercise price of $1.45 per share. The Options have a ten-year term, and vest as follows: (i) 50% on October 20, 2027 and (ii) the remaining 50% in four equal quarterly installments over the next year, subject to the terms and conditions of the applicable non-employee non-statutory stock option agreement.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits:
| Exhibit No. | Description | |
| 104 | Inline XBRL for the cover page of this Current Report on Form 8-K |
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.
| Date: October 26, 2026 | WRAP TECHNOLOGIES, INC. | |
| By: | /s/ Scot Cohen | |
| Name: | Scot Cohen | |
| Title: | Chief Executive Officer | |