secwatch.observer — SEC 8-K summary
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Issuer:     Lightwave Logic, Inc. (LWLG)
CIK:        0001325964
Form:       8-K
Filed at:   2022-01-21T23:59:59+00:00
Accession:  0001553350-22-000046
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lightwave Logic amends CEO and President compensation; grants stock options
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- CEO Dr. Lebby: $400k base salary, $200k bonus target, option for 100k shares at $9.65.
- President/COO Marcelli: $350k base salary, $140k bonus target, option for 80k shares at $9.65.
- Options vest monthly over 12 months starting Jan 31, 2022; expire Jan 17, 2032.
- Board adopted new indemnification agreement for directors and officers; Lebby and Marcelli signed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325964/000155335022000046/0001553350-22-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325964/000155335022000046/lwlg_8k.htm
  HTML page:      https://secwatch.observer/filing/0001553350-22-000046

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