secwatch.observer — SEC 8-K summary
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Issuer:     Lightwave Logic, Inc. (LWLG)
CIK:        0001325964
Form:       8-K
Filed at:   2023-03-20T23:59:59+00:00
Accession:  0001553350-23-000180
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lightwave Logic raises CEO pay to $420k, COO to $367.5k; grants 360k options
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325964/000155335023000180/0001553350-23-000180-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325964/000155335023000180/lwlg_8k.htm
  HTML page:      https://secwatch.observer/filing/0001553350-23-000180

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