On January 4, 2013, Cobra Electronics Corporation (the "Company") entered into an amendment to a letter agreement dated July 28, 2010 between Ms. Sally Washlow and the Company (the "Amendment"), pursuant to which Ms. Washlow was promoted to the position of President of the Company. In addition, the Amendment increased Ms. Washlow's annual salary to $285,000 per year and increased Ms. Washlow's annual bonus opportunity starting with the 2013 fiscal year to 40% of her annual salary. The foregoing description of the Amendment is qualified in its entirety by reference to the Amendment, which is filed as Exhibit 10.1 hereto and incorporated herein by reference.

Ms. Washlow, age 41, has served in positions of increasing responsibility since joining the Company in January 2002. From April 2004 to May 2006, Ms. Washlow served as Senior Director, Consumer Product Management, and was promoted to Vice President, Marketing-Consumer Products, in May 2006. From September 2007 through July 2010, Ms. Washlow has served as Vice President, Product Development & Marketing, and was promoted to Senior Vice President, Marketing and Sales, in August 2010.

Mr. James R. Bazet will continue to serve as Chairman of the Board and Chief Executive Officer of the Company.

A copy of the press release announcing Ms. Washlow's promotion is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01. Exhibits.

(d) The following is a list of the exhibits filed herewith.



Exhibit
  No.                                Description of Exhibit

10.1         Amendment to Letter Agreement dated January 4, 2013 between Cobra
             Electronics Corporation and Sally Washlow

99.1         Press release dated January 7, 2013 issued by Cobra Electronics
             Corporation