Precision Optics appoints Joseph Traut as COO; Mahesh Lawande to depart Oct 31

PRECISION OPTICS CORPORATION, INC.

Mahesh Lawande's employment ends Oct 31, 2025; serves as Advisor to President for October; severance extended to 7 months (~$160,417).
Joseph Traut appointed COO effective Oct 1, 2025; base salary $275,000; annual bonus up to 25%; inducement stock option for 60,000 shares.
Option vests in 3 equal annual installments; exercise price = closing price on Oct 1, 2025.
Traut's prior roles: VP Ops at T2 Biosystems, VP Tech Transfer at Lumira Dx, VP Mfg at Ximedica; MBA from Bentley.

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