---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-25-001750"
form_type: "8-K"
ticker: "POCI"
cik: "0000867840"
company_name: "PRECISION OPTICS CORPORATION, INC."
filed_at: "2025-03-20T23:59:59+00:00"
generated_at: "2026-05-24T11:18:16.972707+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001683168-25-001750
- form_type: 8-K
- ticker: POCI
- cik: 0000867840
- company_name: PRECISION OPTICS CORPORATION, INC.
- filed_at: 2025-03-20T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/867840/000168316825001750/0001683168-25-001750-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/867840/000168316825001750/poci_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-001750
- JSON: https://secwatch.observer/filing/0001683168-25-001750.json
- Plain text: https://secwatch.observer/filing/0001683168-25-001750.txt

## Key facts
- Executive change
  Joseph P. Pellegrino, Jr. was appointed as Director at PRECISION OPTICS CORPORATION, INC..
  - Action: appointed
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/867840/000168316825001750/0001683168-25-001750-index.htm
- Executive change
  Peter Anania resigned as Director at PRECISION OPTICS CORPORATION, INC..
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/867840/000168316825001750/0001683168-25-001750-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.