TASER International, Inc. (NASDAQ:TASR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
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Item 9.01 Financial Statements and Exhibits
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Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
press release announcing the appointment of Jawad A. Ahsan to serve
as Chief Financial Officer. Mr. Ahsan will also be designated as
the Company’s Principal Financial and Accounting Officer. Mr.
Ahsan succeeds Dan Behrendt and acting Chief Financial Officer
Marie Masenga. Ms. Masenga will continue in her position as
Corporate Controller.
serving, since May of 2014, as CFO for Market Track. Before joining
Market Track, Mr. Ahsan had a 13-year career at General Electric
Company where he served as CFO of Clinical Business Solutions, a
division of GE Healthcare IT. Prior to this appointment, he served
as CFO for Healthcare Knowledge Connectivity Solutions, which he
helped guide to an exit into Caradigm, GEs healthcare IT joint
venture with Microsoft. Mr. Ahsan earned his MBA from the MIT Sloan
School of Management and a BA in Economics from the College of the
Holy Cross.
annual base salary of $300,000, will be eligible for annual cash
incentive compensation of $150,000, and will be eligible for annual
service-based and performance-based restricted stock units (RSUs).
Upon hire, Mr. Ahsan will be granted $1,250,000 of service-based
RSUs and $150,000 of performance-based RSUs. The service-based RSUs
will vest in equal annual installments over five years from his
date of hire, and the performance-based RSUs will vest after three
years based on and subject to the achievement of pre-defined
Company performance metrics relating growth targets relative to
consolidated revenue, Axon segment revenue and international
bookings.
any other persons to which he was chosen to become an officer, he
has no direct or indirect material interest in any transaction
required to be disclosed to Item 404(a) of Regulation S-K and he
has no family relationship with any director or executive officer
of the Company.
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Exhibit
Number
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Exhibit Description
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99.1
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Press release dated March 23, 2017
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About TASER International, Inc. (NASDAQ:TASR)
TASER International, Inc. is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) designed for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. The Company is also engaged in development of connected wearable on-officer cameras, which utilize its cloud-based digital evidence management solution (Axon solution). The Company operates through two segments: the sale of CEWs, accessories, and other products and services (the TASER Weapons segment), and the Axon business, focused on wearables, cloud and mobile products, including Axon video products, TASER Cam and Evidence.com (the Axon segment). The Company’s TASER Weapons product line includes TASER X26P, TASER X2, TASER C2, TASER Pulse and Replacement Cartridges. Its Axon hardware products include Axon Body, Axon Body 2, Axon Flex, TASER Cam HD, Axon Fleet, Axon Interview, Axon Signal and Axon Dock. TASER International, Inc. (NASDAQ:TASR) Recent Trading Information
TASER International, Inc. (NASDAQ:TASR) closed its last trading session up +0.12 at 22.57 with 638,980 shares trading hands.