VIRTRA, INC. (OTCMKTS:VTSI) 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.
On October 11, 2020, Mitchell Saltz, a member of the Board of Directors (the “Board”) of VirTra, Inc. (the “Company”), passed away. On November 2, 2020, the Company appointed John F. Givens to serve as a member of the Board, to fill the vacancy created by Mr. Saltz’s death. The Board also appointed Mr. Givens to serve as Chairman of the Nominating and Corporate Governance Committee and as a member of the Audit Committee and Compensation Committee.
Mr. Givens, age 56, brings to the Board over 20 years of experience as a board member, entrepreneur, and corporate executive with a unique track record of successfully selling and implementing large military simulation contracts worldwide. Currently, Mr. Givens serves as a military board advisor to Bohemia Interactive Simulations (“BISim”), a global developer of advanced military simulation and training software. Until April 2019, Mr. Givens served as president of BISim. In 2010, he established the U.S. company of BISim, and during his tenure as president of the company, he led the business development of its military simulation products from inception to becoming one of the most widely used simulation products throughout all branches of the U.S. military. He has received numerous awards and honors throughout his career, including an appointment to the board of directors of the National Center for Simulation (NCS), an association of defense companies, government, academic, and industry members, and the “Pioneer Award” for outstanding contributions and innovations to the training and effectiveness of U.S. and overseas soldiers, sailors, and airmen. Givens graduated with a Bachelor of Science degree in Computer Science from Florida Institute of Technology and proudly served in the United States Army.
Item 7.01. Regulation FD Disclosure
On October 14, 2020, the Company issued a press release announcing Mr. Saltz’s passing. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. The information contained in the websites is not a part of this Current Report on Form 8-K.
On November 3, 2020, the Company issued a press release announcing the appointment of Mr. Givens. A copy of the press release is attached hereto as Exhibit 99.2 and incorporated herein by reference. The information contained in the websites is not a part of this Current Report on Form 8-K.
The information in this Item 7.01 and Exhibits 99.1 and 99.2 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| 99.1 | Press release of registrant dated October 14, 2020. |
| 99.2 | Press release of registrant dated November 3, 2020. |
VirTra, Inc Exhibit
EX-99.1 2 ex99-1.htm Exhibit 99.1 VirTra Mourns Passing of Board Member Mitchell Saltz TEMPE,…
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About VIRTRA, INC. (OTCMKTS:VTSI)
VirTra, Inc., formerly VirTra Systems, Inc., is engaged in the sale and development of judgmental use of force training simulators and firearms training simulators for law enforcement, military and commercial uses. The Company sells simulators and related products around the world through a direct sales force and international distribution partners. Its products include V-300 Simulator, a 300 degree wrap-around screen with video capability for simulation training; V-180 Simulator, a 180 degree screen with video capability; V-100 Simulator, a single-screen-based simulator system; V-ST Simulator, a single screen simulated shooting range simulator with the ability to scale to multiple screens; V-Author Software, which allows users to create, edit and train with content specific to agency’s objectives; Simulated Recoil, a range of simulated recoil kits/weapons, and Return Fire Device, a Threat-Fire device that applies real-world stress on the trainees during simulation training.