Item 15. Exhibits, Financial Statement Schedules
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Item 15. Exhibits, Financial Statement Schedules
(a) The following documents are filed as part of this report:
| 1. | Consolidated financial statements: All consolidated financial statements as set forth under Part II, Item 8 of this report. |
| 2. | Supplementary Financial Statement Schedules: Schedule II — Valuation and Qualifying Accounts |
Other schedules have not been included because they are not applicable or because the information is included elsewhere in this report. (Dollars in thousands)
SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS
| Description | Balance at Beginning of Period | Charged to Costs and Expenses | Charged to Other Accounts | Deductions | Balance at End of Period | ||||||||||||||
| Allowance for doubtful accounts: | |||||||||||||||||||
| Year ended December 31, 2015 | $ | 251 | $ | 86 | $ | — | $ | (15 | ) | $ | 322 | ||||||||
| Year ended December 31, 2014 | 200 | 142 | — | (91 | ) | 251 | |||||||||||||
| Year ended December 31, 2013 | 200 | 24 | — | (24 | ) | 200 | |||||||||||||
| Warranty reserve: | |||||||||||||||||||
| Year ended December 31, 2015 | $ | 675 | $ | (62 | ) | $ | — | $ | (299 | ) | $ | 314 | |||||||
| Year ended December 31, 2014 | 955 | 396 | — | (676 | ) | 675 | |||||||||||||
| Year ended December 31, 2013 | 484 | 1,001 | — | (530 | ) | 955 |
- Exhibits:
| Exhibit Number | Description | |
| 3.1 | Certificate of Incorporation, as amended (incorporated by reference to Exhibit 3.1 to Registration Statement on Form SB-2, effective May 11, 2001 (Registration No. 333-55658)) | |
| 3.2** | Bylaws, as amended, effective January 17, 2016 | |
| 3.3 | Certificate of Amendment to Certificate of Incorporation dated September 1, 2004 (incorporated by reference to Exhibit 3.3 to Annual Report on Form 10-KSB, filed March 31, 2005) | |
| 4.1 | Form of Common Stock Certificate (incorporated by reference to Exhibit 4.2 to Registration Statement on Form SB-2, effective May 11, 2001 (Registration No. 333-55658)) | |
| 10.1* | Executive Employment Agreement with Patrick W. Smith, dated July 1, 1998 (incorporated by reference to Exhibit 10.1 to Registration Statement on Form SB-2, effective May 11, 2001 (Registration No. 333-55658)) | |
| 10.2* | Form of Indemnification Agreement between the Company and its directors (incorporated by reference to Exhibit 10.4 to Registration Statement on Form SB-2, effective May 11, 2001 (Registration No. 333-55658)) | |
| 10.3* | Form of Indemnification Agreement between the Company and its officers (incorporated by reference to Exhibit 10.15 to Registration Statement on Form SB-2, effective May 11, 2001 (Registration No. 333-55658)) | |
| 10.4* | 2001 Stock Option Plan (incorporated by reference to Exhibit 10.7 to Registration Statement on Form SB-2, effective May 11, 2001 (Registration No. 333-55658)) | |
| 10.5* | Executive Employment Agreement with Douglas E. Klint, dated December 15, 2002 (incorporated by reference to Exhibit 10.14 to Annual Report on Form 10-KSB, filed March 14, 2003) | |
| 10.6* | Executive Employment Agreement with Daniel Behrendt, dated April 28, 2004 (incorporated by reference to Exhibit 10.14 to Annual Report on Form 10-KSB, filed March 31, 2005) | |
| 10.7* | 2004 Stock Option Plan (incorporated by reference to Exhibit 10.15 to the Annual Report on Form 10-KSB, filed March 31, 2005) | |
| 10.8* | 2004 Outside Director Stock Option Plan, as amended (incorporated by reference to Exhibit 10.16 to the Annual Report on Form 10-KSB, filed March 31, 2005) | |
| 10.9* | 2009 Stock Incentive Plan. (incorporated by reference to Appendix A to 2009 Proxy Statement, filed April 15, 2009) | |
| 10.10* | Executive Employment Agreement with Jeff Kukowski, dated August 9, 2010 (incorporated by reference to Exhibit 10.18 to the Annual Report on Form 10-K, filed March 8, 2013) | |
| 10.11* | 2013 Stock Incentive Plan (incorporated by reference to Appendix of 2013 Proxy Statement, filed on April 3, 2013) | |
| 10.12* | TASER International, Inc. Deferred Compensation Plan (incorporated by reference to Exhibit 10.1 to Form 8-K, filed on July 12, 2013) | |
| 10.13 | Amended and Restated Credit Agreement dated August 18, 2014 between the Company and JP Morgan Chase Bank, NA (incorporated by reference to Exhibit 10.13 to Form 10-K, filed on March 11, 2015) | |
| 10.14 | Note Modification Agreement dated as of July 29, 2015, between the Company and JP Morgan Chase Bank, N.A. (incorporated by reference to Exhibit 10.1 to Form 10-Q, filed on November 6, 2015) | |
| 21.1** | List of Subsidiaries | |
| 23.1** | Consent of Grant Thornton, LLP, independent registered public accounting firm | |
| 24.1** | Powers of attorney (see signature page) | |
| 31.1** | Principal Executive Officer Certification pursuant to Rule 13a-14(a) or Rule 15d-14(a) | |
| 31.2** | Principal Financial Officer Certification pursuant to Rule 13a-14(a) or Rule 15d-14(a) | |
| 32.1*** | Principal Executive Officer and Principal Financial Officer Certification pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | |
| 101.INS** | XBRL Instance Document | |
| 101.SCH** | SBRL Taxonomy Extension Schema Document | |
| 101.CAL** | XBRL Taxonomy Calculation Linkbase Document | |
| 101.LAB** | XBRL Taxonomy Label Linkbase Document | |
| 101.PRE** | XBRL Taxonomy Presentation Linkbase Document |
- Management contract or compensatory plan or arrangement
** Filed herewith
*** Furnished herewith
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| TASER INTERNATIONAL, INC. | ||||
| Date: | March 3, 2016 | |||
| By: | /s/ PATRICK W. SMITH | |||
| Chief Executive Officer, Director | ||||
| (Principal Executive Officer) | ||||
| Date: | March 3, 2016 | By: | /s/ DANIEL M. BEHRENDT | |
| Chief Financial Officer | ||||
| (Principal Financial and | ||||
| Accounting Officer) |
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Patrick W. Smith his or her true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this Annual Report on Form 10-K, and to file the same, including all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully and to all intents and purposes as he or she might or could do in person hereby ratifying and confirming all that said attorney-in-fact and agent, or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| Signature | Title | Date | ||
| /s/ HADI PARTOVI | Director | March 3, 2016 | ||
| Hadi Partovi | ||||
| /s/ JUDY MARTZ | Director | March 3, 2016 | ||
| Judy Martz | ||||
| /s/ MARK W. KROLL | Director | March 3, 2016 | ||
| Mark W. Kroll | ||||
| /s/ MICHAEL GARNREITER | Director | March 3, 2016 | ||
| Michael Garnreiter | ||||
| /s/ JOHN S. CALDWELL | Director | March 3, 2016 | ||
| John S. Caldwell | ||||
| /s/ RICHARD H. CARMONA | Director | March 3, 2016 | ||
| Richard H. Carmona | ||||
| /s/ BRET S. TAYLOR | Director | March 3, 2016 | ||
| Bret S. Taylor |
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