secwatch.observer — SEC 8-K summary
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Issuer:     PRECISION OPTICS CORPORATION, INC. (POCI)
CIK:        0000867840
Form:       8-K
Filed at:   2025-03-20T23:59:59+00:00
Accession:  0001683168-25-001750
Event type: leadership
Sentiment:  positive
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/867840/000168316825001750/0001683168-25-001750-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/867840/000168316825001750/poci_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-001750

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