Summary
This 8-K filing announces a significant corporate rebranding for TASER International, Inc., which has officially changed its name to Axon Enterprise, Inc., effective April 5, 2017. This name change reflects a strategic shift beyond its traditional conducted electrical weapons (CEWs) and encompasses its broader technology offerings, including its cloud-based software and hardware solutions for law enforcement. The company's common stock will also transition from its current ticker symbol 'TASR' to 'AAXN' on the NASDAQ Stock Exchange, aligning the trading symbol with the new corporate identity.
Key Highlights
- 1TASER International, Inc. has officially changed its corporate name to Axon Enterprise, Inc.
- 2The name change is effective as of April 5, 2017, and was filed with the Delaware Secretary of State.
- 3The company's common stock will begin trading under the new ticker symbol 'AAXN' on the NASDAQ Stock Exchange, replacing 'TASR'.
- 4This rebranding signifies a strategic expansion of the company's identity beyond its original TASER products to encompass a wider range of technology solutions.
- 5The name and ticker symbol changes do not impact the rights of the company's security holders.
- 6No stockholder approval was required for this name change under Delaware General Corporation Law.
- 7New CUSIP number 05464C 1010 has been assigned to the common stock.
Frequently Asked Questions
The name change to Axon Enterprise, Inc. reflects a strategic decision by the company to broaden its identity beyond its legacy TASER brand. It signifies the company's evolution into a provider of a wider array of technology solutions, including software and hardware for law enforcement, beyond just conducted electrical weapons.
Effective April 5, 2017, the company's common stock began trading on the NASDAQ Stock Exchange under the new ticker symbol 'AAXN', replacing the previous symbol 'TASR'.
No, the company explicitly states that the name change does not affect the rights of its security holders. Your existing shares remain the same, and your rights as a shareholder are unchanged.
No, according to the filing, the amendment to the company's certificate of incorporation to effect the name change did not require stockholder approval under the Delaware General Corporation Law.