---
schema_version: "secwatch.filing_event.v1"
accession: "0001553350-23-000180"
form_type: "8-K"
ticker: "LWLG"
cik: "0001325964"
company_name: "Lightwave Logic, Inc."
filed_at: "2023-03-20T23:59:59+00:00"
generated_at: "2026-06-17T22:54:21.349532+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 pay to $420k, COO to $367.5k; grants 360k options

## Summary
- Dr. Lebby base salary increased to $420,000/year; annual bonus target set at $210,000, effective Jan 1, 2023.
- James Marcelli base salary increased to $367,500/year; bonus target set at $147,000, effective Jan 1, 2023.
- Lebby granted option to purchase 200,000 shares at $5.22; 50,006 vested March 16, 2023, remainder vests monthly.
- Marcelli granted option to purchase 160,000 shares at $5.22; 40,003 vested immediately, remainder vests monthly. Options expire 2033.

## SEC filing metadata
- accession: 0001553350-23-000180
- form_type: 8-K
- ticker: LWLG
- cik: 0001325964
- company_name: Lightwave Logic, Inc.
- filed_at: 2023-03-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1325964/000155335023000180/0001553350-23-000180-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1325964/000155335023000180/lwlg_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001553350-23-000180
- JSON: https://secwatch.observer/filing/0001553350-23-000180.json
- Plain text: https://secwatch.observer/filing/0001553350-23-000180.txt

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