secwatch.observer — SEC 8-K summary
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Issuer:     PRECISION OPTICS CORPORATION, INC. (POCI)
CIK:        0000867840
Form:       8-K
Filed at:   2023-03-30T23:59:59+00:00
Accession:  0001683168-23-001963
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Precision Optics amends Lighthouse Imaging earn-out, reduces max payment to $600K
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- Amendment reduces second earn-out maximum from $750K to $600K and lowers gross margin target.
- First earn-out of $750K was written off in June 2022 as division missed minimum margin.
- Holders confirm accuracy of prior calculations and no disputes over first earn-out.
- Amendment dated March 28, 2023; relates to October 2021 acquisition of Lighthouse Imaging.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/867840/000168316823001963/0001683168-23-001963-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/867840/000168316823001963/poci_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-001963

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