Precision Optics appoints Joseph Pellegrino to board; CEO salary increased to $325K, options granted

PRECISION OPTICS CORPORATION, INC.

Peter Anania retired from board effective March 15, 2025; replaced by Joseph P. Pellegrino, Jr. (former CFO of LeMaitre Vascular).
CEO Joseph Forkey's base salary increased to $325,000 from $250,000, effective March 20, 2025.
Forkey granted options to purchase 200,000 shares (80K immediate vest, 120K over 3 years) and 20,000 vested shares.
Director compensation policy updated; Pellegrino and Duncan each receive one-time option grants of 30,000 fully vested and 15,000 quarterly vesting.
CFO Wayne Coll granted 50,000 option shares; COO Mahesh Lawande granted 40,000 shares; both vest over 2 years.

item 5.02 item 9.01

Executive movements

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Appointed

Joseph P. Pellegrino, Jr.

Director

POCI · PRECISION OPTICS CORPORATION, INC.

Effective: 2025-03-19
Filed: March 20, 2025, 7:59 PM ET

On March 19, 2025, the Board appointed Joseph P. Pellegrino, Jr., 60 years old, to fill the vacancy on the Board created with Peter Anania’s retirement.

Departed

Peter Anania

Director

POCI · PRECISION OPTICS CORPORATION, INC.

Effective: 2025-03-15
Successor: Joseph P. Pellegrino, Jr.
Filed: March 20, 2025, 7:59 PM ET

On March 15, 2025, Peter Anania tendered his resignation from the Board of Directors (the “ Board ”) of Precision Optics Corporation, Inc. (the “ Company ”) retiring from the Board effective as of March 15, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph P. Pellegrino, Jr. was appointed as Director at PRECISION OPTICS CORPORATION, INC..

Action: appointed
Role: Director

Exact text from the filing

On March 19, 2025, the Board appointed Joseph P. Pellegrino, Jr., 60 years old, to fill the vacancy on the Board created with Peter Anania’s retirement.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Peter Anania resigned as Director at PRECISION OPTICS CORPORATION, INC..

Action: resigned
Role: Director

Exact text from the filing

On March 15, 2025, Peter Anania tendered his resignation from the Board of Directors (the “ Board ”) of Precision Optics Corporation, Inc. (the “ Company ”) retiring from the Board effective as of March 15, 2025.

View on SEC.gov

PRECISION OPTICS CORPORATION, INC. filing history →

Source: SEC EDGAR

accession 0001683168-25-001750

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