secwatch.observer — SEC 8-K summary
======================================

Issuer:     PRECISION OPTICS CORPORATION, INC. (POCI)
CIK:        0000867840
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001683168-23-003061
Event type: leadership
Sentiment:  positive
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Precision Optics appoints Mahesh Lawande as COO; cites rapid growth
-------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/867840/000168316823003061/0001683168-23-003061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/867840/000168316823003061/poci_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-003061

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