Thanks for joining our call and thank you for your interest in Axon. WebAxon Enterprise Inc develops, manufactures, and sells conducted energy devices and cloud-based digital evidence management software designed for use by law enforcement, corrections, military forces, private security personnel, and private individuals for personal defense. WebSmith has served as Chief Executive Officer and as a director of the Company since 1993. Reasons to Buy Axon Enterprise Train with a licensed TASER instructor at a facility near you. [19] In June 2015, the company announced the formation of a new Seattle-based division known as Axon, which would encompass the company's technology businesses, including body cameras, digital evidence management, and analytics. In 2014, Josh led Axons domestic body camera and cloud software sales team to a record year and was subsequently promoted to Executive Vice President of Global Sales. WebPatrick W. Smith Chief Executive Officer & Director: Axon Enterprise, Inc. Michael Garnreiter Chairman: Axon Enterprise, Inc., Amtech Systems, Inc., Knight-Swift TASER lost its second product liability suit. TASER's CEO Rick Smith explained that the products were designed to "help provide revolutionary digital evidence collection, storage and retrieval for law enforcement". Over the course of 12 years on KKRs Americas Private Equity team, she held various investing roles including as a Managing Director of the technology team. Arvind leads various areas within finance at Axon including financial planning & analysis (FP&A), commercial finance, product finance, and treasury. [48] The product is described as incident-based system that seeks to "structure" and "streamline" the collection of crowd-sourced evidence.[49]. Morgan said you can't get someone who's willing to break all the rules to accelerate our transition to sustainable energy because someone who's trying to actually do that has to be a little bit crazy because you don't get there by following all the rules. Following the completion of the transaction, the chief executive officer now directly owns 2,985,660 [] Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, Real-time situational awareness through your Axon devices. Prior to Axon, Jenner lead the security efforts for Lifelock and the Arizona Department of Education. To make the world smarter, happier, and richer. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. He received an undergraduate degree from Harvard University, The study found an 88% drop in complaints filed against officers and nearly a 60% reduction in officer use-of-force incidents. Axon Enterprise shares are trading up 0.0% at $182.64 at the time of this writing on Monday morning. Carey School of Business at Arizona State. [64] Nine members of the ethics board resigned.[65]. They sold at prices ranging from $180.26 to $206.87 to raise a total of $61,455,127 from the stock sale. Explore all our in-person and digital events, Experience Axon in person at our conferences and trade shows, Learn from our experts by registering for an upcoming or on-demand webinar, Read Insights and information on the latest public safety trends and technologies, The latest Axon tech in the most cost-effective package. Do Not Sell My Personal Data/Privacy Policy. Axon View can be paired with an Axon body camera to review, tag, and stream videos from the camera. Prior to joining Axon in 2017, Andrea supported investor relations at Tesla and ran an executive coaching and consulting practice, Solve For X Coaching. Of this total $31,201 was received as a salary, $0 was received as For its 2021 fiscal year, AXON ENTERPRISE, INC., listed the following CEO pay ratio data on its annual proxy statement to the SEC. As Chief Executive Officer at AXON ENTERPRISE, INC., He received an undergraduate degree from Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. - ATTORNEY AT LAW. Insider trading is most common in March, with the busiest year in 2021. Rick Smith, Axon Enterprise Inc: Profile and Biography Both awards are likely to be worth significantly more if all performance targets are met. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Axon Enterprise Jim leads Axons global accounting and controllership organization. . After graduating from Harvard, cum laude, in just three years (class of 1991), Mr. Smith entered directly into the Master of Business Administration program at the University of Chicago. The second generation of Axon body cameras were simpler in form and function than the Axon Pro, removing the bulky monitor in favor of pairing with mobile phones. Axon Enterprise - Wikipedia While at Bloomberg she held a variety of global roles including Interim Recruiting Lead for Asia, HR Leader for the Industry Verticals and Chief of Staff for Bloomberg Government. "Ex-Albuquerque Police Chief Accused of Violating Ethics Laws in Auditors Report" "The Wall Street Journal". Brittany Bagley is a seasoned business and finance leader with experience both as an operator and as a board member. TASER International, Inc.) in September 1993 with his brother, Thomas P. Smith. It operates through the TASER segment and Software and Sensors segment. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Jeff received his B.S. Arvind joined Axon in 2015 and has held several roles within the Finance function. [3], In May 2018, Axon acquired competitor VieVu for $4.6 million in cash and $2.5 million in common stock.[23]. These 4 Superb Growth Stocks Are Beating the Nasdaq Bear Market: Is It Too Late to Buy? Pat spent the first ~9 years of his career in the U.S. Marine Corps as an infantry and Force Reconnaissance officer where he served 4 tours in Iraq, Afghanistan, and across Africa and the Middle East. Andrea has been analyzing businesses for most of her career, first as an investigative business reporter for several news outlets and then as a vice president and senior research analyst at Dougherty & Co., a boutique investment bank. Switch to one dynamic, integrated report that allows officers to focus on what matters. In addition to his duties at Axon, Richard serves on the Board of the Border Security Technology Consortium. [61], A Californian criminal defense lawyer noted that the Evidence.com terms of use gives the company a "non-exclusive, transferable, irrevocable, royalty-free, sub-licensable, worldwide license" to use photos and videos uploaded by its users, and that their policies may violate California privacy law (especially in regards to data involving juveniles). The Motley Fool owns and recommends Axon Enterprise and Tesla. Patrick W. Smith - Salary.com [58][59][60], In January 2016, TASER International was sued by Digital Ally for infringing its two U.S. patents on the automatic activation of law enforcement body cameras. TASER International considered the suit to be "frivolous and egregious". He's accomplished way more than anyone thought he would, and we've seen what that crazy can look like. In the last 7 years, insiders at Axon Enterprise, Inc have sold an estimated value of $563.16M *Stock Advisor returns as of November 10, 2021. D-3114 IN THE MATTER OF DISCIPLINE OF PATRICK J. NELSON Patrick J. Nelson, of Kearney, Nebraska, is suspended from the practice of law in this Court, and a rule will issue, returnable within 40 days, requiring him to show cause why he should not be disbarred from the practice of law in this Court. Making the world smarter, happier, and richer. Cum Laude in Neuroscience from Harvard University, a Master's in International Finance from the University of Leuven in Belgium, and an MBA from the University of Chicago. Founder of Axon Enterprise, Inc., Patrick W. Smith currently is Chief Executive Officer & Director at this company. Isaiah holds a Bachelor of Arts and Juris Doctorate from Hofstra University. Jim graduated from the University of Notre Dame with a B.B.A. [8] In 1980, the Los Angeles Police Department conducted a successful field test of an improved version (having reconsidered its earlier rejections of the technology after the shooting of Eula Love), but the device remained commercially unsuccessful and Cover's company, Taser Systems Inc., collapsed. So it's a diluted version. TASER Training Lesson Plan 2 Hour Part 2 (Annual In addition, he makes $38,529 as Chief Executive Officer and Director at Axon Enterprise Inc. Patrick has made over 13 trades of the Axon Enterprise Inc stock since 2017, according to the Form 4 filled with the SEC. But the general thesis was Smith said, "Hey, I think Axon is going to be a much larger business in the future and I want to prove it and I want to put my money where my mouth is.". Thomas P. Smith, co-founder. Doug Klint, president and General Counsel. Axon Enterprise, Inc. is an American Scottsdale, Arizona -based company which develops technology and weapons products for military, law enforcement and civilians. Its initial product and former namesake is the Taser, a line of electroshock weapons. But he really does believe in this mission of eradicating the bullet. Patrick W. Smith serves as Chief Executive Officer, Director of the Company. Smith argued that the company was "not just about weapons, but about providing transparency and solving related data problems. If you typed the URL into your browser, check that you entered it correctly. Ideal for small agencies. Josh began his career as a Marine Corps Logistics/Supply Officer serving two tours in support of Operation Iraqi Freedom and Operation Enduring Freedom. "PAY RATIO OF CHIEF EXECUTIVE OFFICER COMPENSATION TO MEDIAN EMPLOYEE COMPENSATION", "The Company Formerly Known As Taser Goes All In On Police Body Cameras", "Jurisdiction over the Taser Public Defender (#236)", "Jack Cover dies at 88; scientist invented the Taser stun gun", "Jack Cover, 88, Physicist Who Invented the Taser Stun Gun, Dies", "Police History: How a NASA scientist invented the TASER", "One Company Supplies Tasers to Virtually Every Police Department in the U.S.", "Taser International Dominates the Police Body Camera Market", "Why Taser's only rival gave up electroshock for lemonade", "Police buying Taser Cams for stun gun accountability", "Conn. ACLU Wants Police To Use Taser Cameras", "How Police Body Cameras Were Designed to Get Cops Off the Hook", "Taser opening Seattle software development office - Phoenix Business Journal", "Press Releases - TASER International Inc", "TASER International to split brands, announces Axon division", "Photos: Inside the spaceship-themed Seattle office of police body camera-maker Axon", "Taser is being renamed and offering US police a free trial of body cameras", "Axon reports record sales, software and sensors bookings and how much it paid for VieVu", "Taser Axon, An On-Officer Head Camera, Wants To Make Everyone A Little More Liable", "Wearable Video Cameras, for Police Officers", "TASER Introduces Breakthrough AXON Flex Video System", "Axon Flex 2 HD Camera Brings Breakthrough Flexibility & Durability to Point-of-View Cams", "TASER announces new solution for managing interview room videos in the cloud", "TASER's Axon Fleet brings affordable in-car video solution to police", "Taser Thinks a Camera on Every Cop Makes Everyone Safer", "Taser unveils new wearable police cameras, starting with BART", "New holster forces all nearby body cams to start recording when gun is pulled", "Announcing Axon Citizen, A New Public Evidence Submission Portal For U.S. Law Enforcement", "Axon responds to COVID-19 emergency by offering Axon Citizen to public safety agencies worldwide", "Will Axon Citizen take the chaos out of crowdsourcing? This can include executives in the c-suite and large hedge funds. Josh joined Axon in 2009 as a member of Axons leadership development program and quickly established a strong track record of delivering results. By October 2010, at least 45,000 TASER Cams had been sold. In other Axon Enterprise news, CEO Patrick W. Smith sold 2,600 shares of the firm's stock in a transaction that occurred on Monday, April 3rd. $0 was received as a bonus, Carey Alumni board member, an IRA Fulton School of Engineering board member and supports several non-profit organizations. Pat holds an MBA from The Wharton School, University of Pennsylvania and a BS in Finance from Florida State University. Notable Axon Enterprise Insider Trades $338M This evidence can be crucial for officers and prosecutors. $0 was received in stock options, Axon Enterprise Inc. AXON (U.S.: Nasdaq) - The Wall In 2018, he stepped into the role of Chief Revenue Officer, responsible for Axons global growth, customer service, professional services, and sales operations, successfully driving annual growth rates in excess of 25%. The stock was sold at an average price of $224.36, for a total transaction of $583,336.00. Patrick has made over 13 trades of the Axon Enterprise Inc stock since 2017, according to the Form 4 filled with the SEC. "[12] In April 2013, the Rialto Police Department released the results of a 12-month study on the impact of on-officer video using Axon Flex cameras. Since joining Axon in 2019, he has driven institutional rigor in Axon's research and development organization, which is renowned for delivering best-in-class SaaS platforms and sensors devices for public safety. She holds a B.S. Although primarily intended to work with Evidence.com, it can also be used in offline mode to directly access files, if the agency prefers. Patrick W Smith's largest sale order was 326,399 units , worth over All of that is to say that he might stick around, he might not. In other Axon Enterprise news, CEO Patrick W. Smith sold 96,575 shares of the stock in a transaction dated Friday, January 27th. Invest better with The Motley Fool. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Now the whole reason I bring that up is to say that I believe that Smith has some of that too. [3] The rebranding was also intended to help distance the company from the negative stigma surrounding the Taser brand, with Smith acknowledging that they were "a bit of a distraction" when recruiting employees for its technology business. 10 cartridges featuring individually targeted probes. Municipal, county, and state law enforcement agencies. Patrick Smith and his board obviously believe Axon can reach $13.5 billion over the next decade. Yasser received his BS in Microelectronics and Telecommunication Systems from Ain Shams University and an MBA from the University of Washington. Data may be intentionally delayed pursuant to supplier requirements. These conducted energy devices (CEDs) are geared at the law enforcement, corrections, military, and private security markets, as well as consumers. As of 2017, body cameras and associated services comprise a quarter of Axon's overall business. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov over $583.34K on April 4, 2023. P. E. SMITH, ESQ. - ATTORNEY AT LAW Frosch, Dan. [53] [9][10] During development, the company faced competition from another vendor, Tasertron, whose product had become associated with its alleged ineffectiveness during the police confrontation of Rodney King. The largest trade he's ever made was exercising 300,000 units of Axon Enterprise Inc stock on 15 May 2018 worth over $1,629,000. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Originally known as TASER International, Axons mission is to protect life which includes making bullets obsolete. Patrick W Smith who sold, In the last 7 years, insiders at Axon Enterprise, Inc have sold an estimated value of, Mailing address is 7860 East McClain Drive Suite 2 Scottsdale AZ 85260-1627 AZ. Two mobile apps integrate with the Axon cameras and Evidence.com. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Training TASER Self-Defense SVP - Artificial Intelligence (AI), Imaging Systems and Connected Devices Software. The share price shot up above $15 billion pre-market, came back down post-market. Brian Stoffel owns Axon Enterprise and Tesla. Thorough reviews have been conducted to assure this data accurately reflects disclosures. That's just a guess. Matt studied Mechanical Engineering at Marquette University and earned his MBA with the W.P. Additionally, the company's CEO Patrick Smith directly holds 0.7% of the total shares outstanding. Prior to joining Axon, he served as Director of Finance & Business Development at Globe Specialty metals in New York City where he helped lead their IPO & execute several acquisitions. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction. Rick Smith explained that the branch was inspired by Microsoft's use of the Xbox brand to branch into entertainment businesses, stating that "Axon was the name that we used for selling cameras historically, but we realized that brand had the room to grow and encompass all of our connected technologies." Richard Coleman II is President of Axon Federal. Its initial product and former namesake is the Taser, a line of electroshock weapons. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. in Accounting and Computer Applications. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission states that Patrick W Smith exercised options to purchase 232,223 Axon Enterprise shares at prices ranging from $182.64 to $184.91 per share for a total of $42,719,009 on November 5. After completing graduate school in the summer of 1993, he co-founded Axon Enterprise, Inc. (F.K.A. Axon Enterprise Axon Enterprise, Inc's most recent insider trade came on April 4, 2023 by [57], In 2015, it was discovered that several TASER International employees, without mentioning their employment status, had review bombed listings on Amazon.com and iTunes Store for Killing Them Safely, a documentary film by Nick Berardini which documented and investigated major incidents that resulted from taser usage. [62], In June, 2022, after Axon proposed a plan for taser-armed drones to stop school shootings, Axon's own ethics board expressed disagreement with the plan[63] and issued a unanimous statement of concern. Yasser is responsible for leading Artificial Intelligence (AI), Imaging Systems and Connected Devices Software at Axon. I'm reminded of something that Morgan Housel said. As of 22 December 2020 he still owns at least 368,310 units of Axon Enterprise Inc stock. [22] As of 2017, they comprised a quarter of the company's business, while Axon cameras had a market share of 85% among police departments in the United States' major cities. WebTASER Pulse+ (2020) StrikeLight (2022) PROFESSIONAL TRAINING. Earlier in November, we saw Axon have a pretty stellar quarter. Rick has dedicated his life to helping public safety serve the communities they are sworn to protect. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Patrick W Smith, Chief Executive Officer at Axon Enterprise AXON, made a large buy and sell of company shares on November 5, according to a new SEC filing. He is responsible for managing customer and partner relationships for Axon. Supreme Court Permits Constitutional Challenges To Why I Refuse to Chase the Maximum Social Security Benefit, U.S. Money Supply Is Doing Something It Hasn't Done in 90 Years, and It May Signal a Big Move for Stocks, Social Security Cuts May Be Coming. [46][47] Agencies are able to send links to any user, allowing them to upload evidence remotely. in Economics and M.P.A from Brigham Young University. Hans joined Axon in early 2019 as the VP of Hardware Engineering and Research & Development. Previously, Fields served as an Assistant Attorney General at the Arizona Attorney Generals Office, representing the state in complex civil litigation. Under his leadership, Axon pioneered TASER energy weapons, made the body camera industry what it is today, and built the worlds leading digital evidence management platform, Evidence.com. (ORDER LIST: 598 U.S.) MONDAY, APRIL 24, Gabriel K. Gillett Jenner & Block One IBM Plaza Chicago IL 60611-3608 UNITED STATES Tel: 202639 6000 Fax: 202639 6066 E-mail: JSchiappacasse@jenner.com URL: www.jenner.com Summa Cum Laude in Computer Information Systems from American University and an M.S. . Founder of Axon Enterprise, Inc., Patrick W. Smith currently is Chief Executive Officer & Director at this company. WebSmith, CEO of Taser manufacturer Axon Enterprise, received a stock option award with a value estimated at around $246 million that is based on 12 market capitalization, revenue, and EBITDA milestones. Another Look at Super Options But I wonder what happens to Smith's compensation package once Axon gets that $15 billion and stays there for a bit? patentsgazette.uspto.gov [41] A free version is offered specifically for prosecutors to receive and manage incoming digital evidence.[41]. Patrick W. Smith, also known as Rick, founded Axon Enterprise, Inc. (formerly TASER International) in September 1993 and has been its Chief Executive Officer since 1993. Prior to Axon, Josh was a managing partner at Logistics Delivered, as well as VP of Operations at Ruan Transport Corporation, where he excelled in strategic enterprise-wide leadership and managed P&L/business development for operations across the continental US. Yasser led applied science and ML engineering teams to develop state-of-the-art deep learning frameworks and distributed algorithms powering Alexas large scale ML experimentation and production platforms. Axon Enterprise (AXON) Q4 2022 Earnings Call Transcript, Axon Enterprise (AXON) Q3 2022 Earnings Call Transcript. ", "Taser/Axon Separating Defense Lawyers From Body Camera Footage With License Agreements", "US shootings: Firm unveils plans for Taser-armed drones", "Firm proposes Taser-armed drones to stop school shootings", "Axon Pauses Plans for Taser Drone as Ethics Board Members Resign", https://en.wikipedia.org/w/index.php?title=Axon_Enterprise&oldid=1151336810, Manufacturing companies established in 1991, Pages with non-numeric formatnum arguments, Articles with dead external links from April 2019, Articles with permanently dead external links, Articles with dead external links from October 2018, Articles with dead external links from July 2017, Short description is different from Wikidata, Articles with unsourced statements from April 2017, Creative Commons Attribution-ShareAlike License 3.0, Doug Klint (president and General Counsel), Anglen, Robert. WebPatrick W. Smith - Axon Enterprise, Inc. - Co-Founder, CEO and Director Thank you, Andrea and good afternoon, everyone. Here he supervises hardware, program, research & development, industrial design, and new product introduction as they relate to all hard goods and broad support packed related firmware. Affiliate Resources 2023 TASER Self-Defense All Rights Reserved All third-party trademarks referenced herein are the property of their respective owners, each of which is not affiliated with Axon Enterprise, Inc. Terms of Use Privacy Policy Axon Trademarks California State Bar Number 257400. [5] The Taser Public Defender used gunpowder as its propellant, which led the Bureau of Alcohol, Tobacco and Firearms to classify it as a firearm in 1976,[6][7] a decision that limited sales. On average, Patrick trades about 53,871 units every 67 days since 2017. Jenner has a B.A. Of this total $31,201 was received as a salary, He is also a Certified Information Systems Auditor (CISA). Axon Enterprise, Inc's most recent insider trade came on April 4, 2023 by Patrick W Smith who sold 2,600 units worth $583.34K . [44], Axon Signal is a range of products that are designed to automatically trigger recordings on Axon cameras in response to certain events, such as Signal Vehicle (which can trigger after the opening of doors or activation of sirens), Signal Performance Power Magazine (a successor to the TASER Cam accessory that triggers recordings when an Taser is armed), and Signal Sidearm (a sensor for handgun holsters which triggers recording when the gun is removed). [43] Axon Capture is an app that can be used to capture audio, photo, and video evidence and upload it to Evidence.com using an officer's mobile phone. Officers can automatically map video evidence with real-time tagging of metadata. [4] By 1974, Cover had completed the device, which he named the "Tom Swift Electric Rifle" (TSER), referencing the 1911 novel Tom Swift and his Electric Rifle; to make it easier to pronounce as a word, Cover later added an "A" to the acronym to form "TASER". All rights reserved. He is a dynamic, inspirational and visionary leader who challenges Axon and society to rethink deeply entrenched problems and to drive toward life-saving outcomes. As Chief Product Officer, Jeff leads Axon's global product, software engineering and security teams, including artificial intelligence and design. Emily Flippen has no position in any of the stocks mentioned. The company was founded by Patrick W. Smith and Thomas P. Smith on September 7, 1993 and is headquartered in Scottsdale, AZ. Patrick W. Smith is CEO and co-founder of Axon Enterprise, formerly TASER International, an American Scottsdale, Arizona-based company which develops technology and weapons products for military, law enforcement and civilians. Capture point-of-view video evidence in HD with a 120-degree field of view. ", "ELECTRONIC CONTROL DEVICE LEGAL OUTLINE", TASER Granted Summary Judgment Dismissing Product Liability Lawsuit, "Taser Loses 1st Product-Liability Suit; Jury Awards $6 Million", Appeals Court Significantly Reduces Award in Heston Lawsuit Against TASER, http://investor.taser.com/phoenix.zhtml?c=129937&p=irol-newsArticle&ID=1677761&highlight=, "Six years later, Coroner rules Robert Dziekanski's death at hands of Mounties at Vancouver airport was a homicide", "Commons committee probes Taser use by police", "Amnesty urges moratorium on Taser use after CBC/Radio-Canada probe", "Taser Employees Hit iTunes To 'Troll' Documentary That Probes Suspect Killings", "Taser Employees Appear to Troll Anti-Taser Documentary With Fake Reviews", "Taser staff appear to post negative reviews for film critical of stun guns", "Is This the Lawsuit That Kills TASER International?
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