secwatch.observer — SEC 8-K summary
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Issuer:     Lightwave Logic, Inc. (LWLG)
CIK:        0001325964
Form:       8-K
Filed at:   2026-07-20T13:00:14+00:00
Accession:  0001079973-26-000955
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lightwave Logic appoints Fred Graffam as CFO; base salary $450k, sign-on equity $2.4M
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- Fred Graffam appointed CFO effective July 20, 2026; replaces Snizhana 'Ana' Quan who becomes VP of Finance.
- Base salary $450k, discretionary bonus up to 40%, sign-on cash $70k (pro-rata clawback if resigns within 12 months).
- Sign-on equity award of $2.4M in RSUs: 25% vests at 1 year, 75% quarterly over 3 years.
- Graffam previously CFO of Fidium (formerly CNSL) and Ascent Capital (ASCMA); brings 20+ years experience.
- Severance: if terminated without cause, base salary + target bonus + COBRA for 12 months; double if within 12 months of change in control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325964/000107997326000955/0001079973-26-000955-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325964/000107997326000955/lwlg_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-26-000955

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