secwatch.observer — SEC 8-K summary
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Issuer:     Lightwave Logic, Inc. (LWLG)
CIK:        0001325964
Form:       8-K
Filed at:   2025-09-16T23:59:59+00:00
Accession:  0001079973-25-001473
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lightwave Logic extends CEO LeMaitre's term to Dec 2028; CFO Marcelli to retire
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- CEO LeMaitre gets 3-year contract, base salary $500k/yr, bonus up to $300k, and 826,617 RSUs plus modified performance RSUs.
- CFO/COO Jim Marcelli to retire effective Dec 31, 2025; company has initiated search for replacement.
- LeMaitre's RSUs vest over 2 years in four equal installments; no additional equity grants in 2026.
- Severance: 12 months base salary without cause; 18 months with change-in-control; health premium reimbursement.
- Performance-based RSUs (1,616,380) converted to time-based vesting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325964/000107997325001473/0001079973-25-001473-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325964/000107997325001473/lwlg_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-25-001473

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