secwatch.observer — SEC 8-K summary
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Issuer:     Lightwave Logic, Inc. (LWLG)
CIK:        0001325964
Form:       8-K
Filed at:   2024-06-25T23:59:59+00:00
Accession:  0001079973-24-000957
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.03, 5.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325964/000107997324000957/0001079973-24-000957-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325964/000107997324000957/lwlg_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-24-000957

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer