TASER lost its second product liability suit. But, you also are going to get the downside of crazy by getting someone who focuses like that. [16], Especially in the wake of the Michael Brown shooting, the company's body camera business saw significant growth. In 2019, Rick published, The End of Killing, which challenges conventional wisdom by arguing that killing is a technology problem and offering a roadmap to solve it. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. This evidence can be crucial for officers and prosecutors. Axon Enterprise, Inc. engages in the development, manufacture, and sale of conducted electrical weapons for personal defense. We've seen that play out over the last 10 years. Elizabeth joined Axon in 2019 and is responsible for leading the company's global people organization. Josh joined Axon as SVP of Operations in 2017 and leads supply chain, quality, manufacturing, and international operations. Jeff received his B.S. For its 2021 fiscal year, AXON ENTERPRISE, INC., listed the following CEO pay ratio data on its annual proxy statement to the SEC. The company was founded by Patrick W. Smith and Thomas P. Smith on September 7, 1993 and is headquartered in Scottsdale, AZ. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. The stock was sold at an average price of $224.36, for a total transaction of $583,336.00. Previously, Fields served as an Assistant Attorney General at the Arizona Attorney Generals Office, representing the state in complex civil litigation. "[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. 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. On average, Axon Enterprise Inc executives and independent directors trade stock every 33 days with the average trade being worth of $3,614,200. [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". In this capacity, Richard has overall responsibility for developing and implementing the Federal Sectors strategy and managing and executing the Federal Sectors profit and loss. [citation needed], The company also took significant action against competitors, having acquired the aforementioned Tasertron, and aggressively defending its patents. Hans has close to one hundred patents to his name spanning his twenty-five year career. Copyright FactSet Research Systems Inc. All rights reserved. Jim leads Axons global accounting and controllership organization. Earlier in November, we saw Axon have a pretty stellar quarter. He has been Director at Axon En Show more CEO Compensation Analysis Leadership Team Show more 1.8yrs Average Tenure 41yo Average Age Board Members Show more 12.8yrs He is a keen operational leader who drives discipline and prioritization across the business, and ensures that Axon is aggressively pursuing our total addressable market opportunity, supported by a world class team. 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 He also led multidisciplinary teams building computer vision systems and computational imaging algorithms for Amazon Go, the worlds first Just Walk Out store and technology platform. Data may be intentionally delayed pursuant to supplier requirements. [64] Nine members of the ethics board resigned.[65]. The Axon Flex and Body only record video in standard definition (SD). Prior to joining Axon in 2017, Andrea supported investor relations at Tesla and ran an executive coaching and consulting practice, Solve For X Coaching. Fields joined Axon in 2011 as litigation counsel and subsequently held positions including VP of Legal and Government Affairs and SVP & General Counsel before being promoted to EVP & General Counsel in January 2021, where he was responsible for overseeing Axons legal, medical and compliance departments. The shares were sold at an average price of $224.36, for a total value of $583,336.00. [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). Evidence Sync is a desktop application that allows law enforcement officers or military personnel to review and upload evidence from hardware devices and local files. There are three law enforcement/military models currently available: Taser currently has three self-defense weapons for sale. Patrick W. Smith serves as Chief Executive Officer, Director of the Company. Patrick W Smith owns about 2,985,660 units of Axon Enterprise, Inc common stock. As Chief Executive Officer at AXON ENTERPRISE, INC., Obviously, I don't know the gentleman personally at all, but he is very passionate about seeing policing being very different by 2030. Federal civilian and defense departments and agencies. As the Chief Executive Officer and Director of Axon Enterprise Inc, the total compensation of Patrick Smith at Axon Enterprise Inc is $38,529. First Responders and emergency medical professionals. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Obviously, Axon couldn't go out and acquire a very large business to artificially inflate the market cap. 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. Also streaming on your TV: Markets Markets Deals Odd Lots The FIX | Fixed Income ETFs ", "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? Prior to joining Axon, Pat was at McKinsey & Company in the Strategy & Corporate Finance practice where specialized in corporate restructuring and private equity in the renewable energy sector. In this segment of "Industry Focus" on Motley Fool Live, recorded on Dec. 1, Fool contributors Emily Flippen and Brian Stoffel discuss Smith and his role going forward with Axon. Source: Kantar Media. 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. I wouldn't be surprised to see some new form of compensation package that also is tied to reaching certain goals till 2030. 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. The estimated Net Worth of Patrick W Smith is at least $111 Million dollars as of 22 December 2020. The company operates in two segments: Taser and software & sensors. Both awards are likely to be worth significantly more if all performance targets are met. Improve officer safety, provide tactical support, and reconstruct scenes. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. Axon Enterprise Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Axon Enterprise, Inc's most recent insider trade came on April 4, 2023 by Frosch, Dan. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Additionally, the company's CEO Patrick Smith directly holds 0.7% of the total shares outstanding. I think he truly believes he's laid out a vision for what policing can look like by 2030, and it is vastly different than what we, unfortunately, have to see on the newsreels these days. Of this total $31,201 was received as a salary, Axon Enterprise (AXON) Q4 2022 Earnings Call Transcript, Axon Enterprise (AXON) Q3 2022 Earnings Call Transcript. There are 5 older and 5 younger executives at Axon Enterprise Inc. Arvind joined Axon in 2015 and has held several roles within the Finance function. 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. in Information & Decision Systems from Carnegie Mellon University, and was recognized with the distinguished Alumni Achievement Award in 2014. In total, Patrick W Smith has made about 23 transactions over 2 years of their time at Axon Enterprise, Inc. 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. [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. 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. I've always found this an interesting aspect of this company, and I'm curious to hear your thoughts on it, it's the founder CEO's compensation package. 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. Axon Enterprise, Inc. is an American Scottsdale, Arizona-based company which develops technology and weapons products for military, law enforcement, and civilians. If you reached this page via our site or search, please let us know by emailing, Epsteins Private Calendar Reveals Prominent Names, First Republic Bank Is Seized and Bulk Sold to JPMorgan, Randi Weingartens Incredible Covid Memory Loss, Speaker McCarthy Expects White House to Invite Netanyahu to Washington, Five Dead, Including Eight-Year-Old, in Texas Shooting, Pension Reform Protesters, Police Clash in Paris on May Day. Hans began his career designing motorcycles for Honda followed by fifteen years at Oakley where he helped re-establish its image as a competitive player in the fashion world across multiple product lines. Two cartridge types for Close Quarters and Stand-off situations, with dual laser including range adjusting lower laser. Axon Enterprise, Inc. (NASDAQ:AXON Get Rating) CEO Patrick W. Smith sold 53,431 shares of the companys stock in a transaction on Thursday, March 30th. Last updated: 23 December 2020 at 5:15pm EST. We cant find the page you're looking for. 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. The share price shot up above $15 billion pre-market, came back down post-market. WebTASER Pulse+ (2020) StrikeLight (2022) PROFESSIONAL TRAINING. Patrick W. Smith made $33,115 in total compensation. Prior to Axon, Hans was the VP of ME/ID/NPI at Intel for six years where he oversaw wearable connected devices that included heads up display products for virtual reality, LTE connected devices, and wireless charging systems. [45], Axon Citizen is a cloud-based software solution that allows non-law enforcement personnel to share and upload information, including photos and video, directly to a law enforcement agency. View real-time stock prices and stock quotes for a full financial overview. Hans joined Axon in early 2019 as the VP of Hardware Engineering and Research & Development. AXON ENTERPRISE, INC. income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 10 cartridges featuring individually targeted probes. 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. California State Bar Number 257400. As a Senior Vice President and Head of TASER, Pat is responsible for overseeing all aspects of strategy and operations for TASER. I would be surprised if he left because just in my bones, I feel like this matters to him a lot and he wants to be there to see it through. Emily Flippen has no position in any of the stocks mentioned. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Since joining Axon in 2013, Jenner has been instrumental in building a robust security program and a company-wide culture of security. He earned his Ph.D. from the Rutgers School of Criminal Justice. International stock quotes are delayed as per exchange requirements. Streamline management, storage and sharing of all your digital evidence. Insider trading is most common in March, with the busiest year in 2021. On April 14, 2023, in Axon Enterprise, Inc. v. Federal Trade Commission and the companion case Cochran v. Securities and Exchange Commission, the Supreme Court held that district courts have jurisdiction to hear structural challenges to the constitutionality of the FTC and the SEC while an agency enforcement action is pending WebThis documentary-style series follows investigative journalists as they uncover the truth. Super Option Performance Targets Rick has dedicated his life to helping public safety serve the communities they are sworn to protect. 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." Patent lawsuits by TASER International led to the shutdown of both Stinger Systems and its successor company, Karbon Arms; both companies were founded by Robert Gruder. This report is not for commercial use. WebPatrick Smith. 17800 North 85th Street Scottsdale Arizona 85255 United States. WebBe the first to know when AXON insiders and whales buy or sell their stock. It is headquartered in Scottsdale, Ariz. Its revenue for 2017 was $344 million. Prisons, Probation and Parole, and juvenile justice. The current estimated net worth of Axon Enterprise, Inc's CHIEF EXECUTIVE OFFICER, Patrick W Smith, is estimated to be about $572.11M . Source: FactSet. It is also used to upload logs from Taser weapons to Evidence.com. 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. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. In addition to his duties at Axon, Richard serves on the Board of the Border Security Technology Consortium. That's right -- they think these 10 stocks are even better buys. Get Free AXON Updates AXON Shareholders What type of owners hold Axon Enterprise Inc stock? On average, Patrick trades about 53,871 units every 67 days since 2017. One of these cases is that on Feb. 15, 2006, one officer Officer accidentally discharged TASER device on his daughter. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. ", Johnson, Kevin. The board of directors of Axon Enterprise, the stun-gun and body-camera company formerly known as Taser International, recently disclosed 2018 compensation of $246 million for its CEO, Patrick Smith, in an annual proxy report filed April 16, 2019. An annual payout that big would easily set a record among Arizona CEOs. Axon and founder Patrick Smith are riding high. He is responsible for managing customer and partner relationships for Axon. When a company insider makes a new purchase, that is an indication that they expect the stock to rise. Vendor Cap increase to the Purchase Orders for AXON Enterprise (audio/visual recording system) in the amount of $31,229 [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. Brittany Bagley is a seasoned business and finance leader with experience both as an operator and as a board member. "Taser tied to 'independent' study that backs stun gun. A new feature they added was GPS tagging. Axons business includes the manufacture of electrical weapons and wearable cameras (such as those used by police forces). Jeff holds a board of directors observer seat with both Flock Safety and RapidSOS, and also serves on the board of the Seattle Police Foundation. 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. [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. From basic I'm reminded of something that Morgan Housel said. Generali's No.3 investor Caltagirone withholds backing for 2022 accounts -sources, Musk says Tesla likely to launch full self-drive technology 'this year', Exclusive: JPMorgan employees gripe about Dimon's return-to-office edict, SpaceX rocket explosion illustrates Elon Musk's 'successful failure' formula, Cucinelli posts 33% rise in Q1 sales, confirms 2023 revenue growth forecast, Exclusive-Peter Thiel, Republican megadonor, won't fund candidates in 2024 - sources, Virginia Governor Youngkin 'humbled' by talk of possible presidential run, European Midday Briefing: Mood Brighter After -2-, Tim Cook unveils new Apple store in India, Morgan Stanley's dealmaking CEO Gorman signals more transactions to come. All of that is to say that he might stick around, he might not. and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). Pat first joined Axon in 2018 as the Chief of Staff to the offices of the President and CEO. Matt joined Axon in 2014 and is responsible for leading professional and implementation services, customer success, and global customer support. As Chief Communications Officer, Andrea is responsible for global corporate communications, including investor, media and public relations. Prior to Axon, Jenner lead the security efforts for Lifelock and the Arizona Department of Education. 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. Brian Stoffel: When I think about this, here's what I think about. Shop TASER products designed for personal and home use. Patrick W Smith's largest purchase order was 1,620,385 units , worth over In the last 7 years, insiders at But he really does believe in this mission of eradicating the bullet. You may also find the annual proxy statement by going directly to the company's website. 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.". The Software and Sensors segment includes devices, wearables, applications, cloud, and mobile products. As of 2017, body cameras and associated services comprise a quarter of Axon's overall business. That's just a guess. He holds a B.A. Patrick has made over 13 trades of the Axon Enterprise Inc stock since 2017, according to the Form 4 filled with the SEC. These systems, like the body cameras, integrate with the Evidence.com service. Josh was tapped to be Axons COO in June 2022. 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%. Chief Product Officer and Chief Technology Officer. He also served in Product Management, leading development and go-to-market for multiple products including Axon Body 2, Flex 2, Fleet, and Signal platform. Magna Cum Laude from Brown University. The most recent stock trade was executed by Michael Garnreiter on 4 January 2021, trading 500 units of AAXN stock currently worth $61,505. Patrick W Smith's largest purchase order was, The most recent transaction was a sale order of, Axon Enterprise, Inc's most recent insider trade came on April 4, 2023 by They just revealed what they believe are the ten best stocks for investors to buy right now and Axon Enterprise wasn't one of them! As Chief Operating Officer, Josh is responsible for the day-to-day operational excellence of the business, including operations and execution, marketing, policies and employees. Benzinga does not provide investment advice. He received an undergraduate degree from Harvard University, an MBA from The University of Chicago and a graduate degree from Universit Catholique de Louvain. He graduated from the Pasadena Art Center College of Design with a BS in Industrial Design. $583.34K .