Precision Optics appoints Mahesh Lawande as COO; cites rapid growth

PRECISION OPTICS CORPORATION, INC.

Mahesh Lawande becomes COO effective April 24, 2023; annual base salary of $275,000.
Granted option to buy 60,000 shares at $6.40 per share, vesting in equal annual increments.
Lawande brings 25+ years from Draeger, Analogic, and Third Pole in medical/defense manufacturing.
COO role created after 47% revenue growth in FY2022 and 76% in H1 FY2023.
Growth driven by acquisitions of Ross Optical and Lighthouse Imaging and pipeline transitions.

item 5.02 item 9.01

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Appointed

Mahesh Lawande

Chief Operating Officer

POCI · PRECISION OPTICS CORPORATION, INC.

Effective: 2023-04-24
Filed: May 9, 2023, 7:59 PM ET

Effective April 24, 2023, the Company has appointed Mahesh Lawande, age 50, as its Chief Operating Officer.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Mahesh Lawande was appointed as Chief Operating Officer at PRECISION OPTICS CORPORATION, INC..

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

Effective April 24, 2023, the Company has appointed Mahesh Lawande, age 50, as its Chief Operating Officer.

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Source: SEC EDGAR

accession 0001683168-23-003061

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