Wrap Technologies sets USD 200,000 base salary in amended CEO Scot Cohen employment agreement
WRAP•Amended CEO and president agreements
- Wrap Technologies reset employment terms for Executive Chairman and CEO Scot Cohen, effective Sept. 2, 2026.
- The agreement sets an annual base salary of USD 200,000, with a two-year term and 12-month automatic renewals.
- Severance is set at 12 months of base salary if terminated without cause, for good reason, or following a non-renewal notice.
- President and COO Jared Novick received a parallel amended agreement with a USD 200,000 base salary, two-year term, and the same severance framework.
- Both agreements add performance restricted stock awards, with annual discretionary bonus eligibility maintained.
