Byrna Technologies’ activist group has voting and dispositive power over 2,296,635 shares, or 9.6% of the company. The group also says the board has added Matt McBrady to its proposed slate for the upcoming Shareholder meeting, giving investors a named governance candidate tied to less-lethal market experience.

Key Highlights

  • Matt McBrady was added to Byrna’s proposed board slate for the upcoming shareholder meeting.
  • The reported position includes 984,323 common shares held by Bryan Scott Ganz and up to 516,667 shares underlying his stock options.
  • Bryan Scott Ganz’s reported position in Byrna represents 9.6% of the company.

The group says Byrna (NASDAQ: BYRN)’s board has agreed to add Matt McBrady to its proposed slate for the upcoming shareholder meeting.

Ganz Group Reports 9.6% Byrna Stake

The reported position identifies 984,323 Byrna common shares held by Bryan Scott Ganz and up to 516,667 shares issuable through his stock options. Those Options are described as out-of-the-money.

McBrady Added to Proposed Board Slate

Ganz said he had previously presented the Byrna board with two potential director candidates. The board decided to bring McBrady onto the board and include him in its proposed slate, while Ganz said the second candidate was not included. Ganz cited that record and McBrady’s experience in the less-lethal market in supporting his candidacy.