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    Rekor Systems Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Leadership Update, Financial Statements and Exhibits

    3/17/25 7:31:38 AM ET
    $REKR
    Telecommunications Equipment
    Telecommunications
    Get the next $REKR alert in real time by email
    rekr20250316_8k.htm
    false 0001697851 0001697851 2025-03-14 2025-03-14
     

     
    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549
     

     
    FORM 8-K
     

     
    CURRENT REPORT
    Pursuant to Section 13 or 15(d)
    of the Securities Exchange Act of 1934
     
    Date of Report (Date of earliest event reported): March 14, 2025
     

     
    REKOR SYSTEMS, INC.
    (Exact name of registrant as specified in its charter)
     

     
    Delaware
    001-38338
    81-5266334
    (State or Other Jurisdiction
    of Incorporation)
    (Commission
    File Number)
    (IRS Employer
    Identification No.)
     
    6721 Columbia Gateway Drive, Suite 400, Columbia, MD 21046
    (Address of Principal Executive Offices)
     
    Registrant’s Telephone Number, Including Area Code: (410) 762-0800
     

     
    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
     
    ☐
    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
     
    ☐
    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
     
    ☐
    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
     
    ☐
    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
     
    Securities registered pursuant to Section 12(b) of the Act:
     
    Title of each class
     
    Trading
    Symbol(s)
     
    Name of each exchange
    on which registered
    Common Stock, $0.0001 par value per share
     
    REKR
     
    The Nasdaq Stock Market
     
    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)
     
    Emerging Growth Company ☐
     
    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
     
     

     
     
    Item 2.02
    Results of Operations and Financial Condition.
     
    On March 17, 2025, Rekor Systems, Inc. (the “Company”) issued a press release announcing certain preliminary unaudited financial results for the Company’s fourth quarter and the full year ended December 31, 2024. A copy of the press release is attached hereto as Exhibit 99.1.
     
    The information in this Item 2.02, including the information in Exhibit 99.1, is furnished solely pursuant to Item 2.02 of this Form 8-K and shall not be deemed “filed” for purposes of Section 18 of, or otherwise regarded as filed under, the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference into any filing by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
     
     
    Item 5.02
    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
     
    (b) Resignation of Named Executive Officer
     
    In the same press release, the Company announced that David Desharnais, Chief Executive Officer of the Company, resigned from the Company, which resignation was accepted by Company’s Board of Directors on March 14, 2025.
     
    A copy of the press release announcing Mr. Desharnais’ resignation is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
     
    Item 9.01. Financial Statements and Exhibits.
     
    (d) Exhibits.
     
    Exhibit
    Number
     
    Title
    99.1
     
    Press Release dated March 17, 2025.
    104
     
    Cover Page Interactive Data File (embedded with the Inline XBRL document).
     
     

     
     
    SIGNATURE
     
    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
     
               
    REKOR SYSTEMS, INC.
           
    Date: March 17, 2025
             
    /s/ Eyal Hen
               
    Name: Eyal Hen
    Title:  Chief Financial Officer
     
     
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