Lightwave Logic raises CEO and President base salaries, grants stock options; amends bylaws

Lightwave Logic, Inc.

CEO Lebby base salary raised to $441,000/yr; cash & non-cash bonus targets each $220,500 effective Jan 1, 2024.
President/COO Marcelli base salary increased to $385,875/yr; cash & non-cash bonus targets each $192,938.
Lebby granted option for 150,000 shares at $5.00; 75,000 vest immediately, rest over 6 monthly installments.
Marcelli granted option for 120,000 shares at $5.00; 60,000 vest immediately, rest over 6 monthly installments.
Bylaws amended to provide more consistent voting standards for stockholder matters, effective June 18, 2024.

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