---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-24-000957"
form_type: "8-K"
ticker: "LWLG"
cik: "0001325964"
company_name: "Lightwave Logic, Inc."
filed_at: "2024-06-25T23:59:59+00:00"
generated_at: "2026-06-01T02:07:49.306270+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001079973-24-000957
- form_type: 8-K
- ticker: LWLG
- cik: 0001325964
- company_name: Lightwave Logic, Inc.
- filed_at: 2024-06-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.03, 5.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1325964/000107997324000957/0001079973-24-000957-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1325964/000107997324000957/lwlg_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-24-000957
- JSON: https://secwatch.observer/filing/0001079973-24-000957.json
- Plain text: https://secwatch.observer/filing/0001079973-24-000957.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.