TASER Int'l (TASR) Terminates Jeffrey Kukowsk,; Eliminates COO Position

December 8, 2014 11:16 AM EST

On December 4, 2014, TASER Int'l (Nasdaq: TASR) eliminated the position of Chief Operating Officer and terminated the Executive Employment Agreement and employment of Jeffrey Kukowski who held that position, effective January 5, 2015. The Company will pay Mr. Kukowski severance payments pursuant to his Executive Employment Agreement as amended by the Board of Directors to increase his severance payments from two months to up to six months following a one month written notice period. Mr. Kukowski is also entitled to exercise any unexpired and vested stock options or restricted stock units as of January 5, 2015. The terms of Mr. Kukowski’s separation are still being negotiated but the Company expects the severance charge to be between $150,000 and $300,000. Also on December 4, 2014, Douglas Klint resigned as President of TASER effective April 6, 2015 and will remain with the Company and retain the title of General Counsel. The Company also appointed Luke Larson to the position of President of TASER effective April 6, 2015.

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