Highest-materiality recent filing
Precision Optics closes upsized $10M public offering at $3.60/share
Offering of 2,777,777 shares at $3.60/share; net proceeds ~$10.7M (including overallotment).
Precision Optics annual meeting results: all director nominees elected, say-on-pay approved
Stockholders representing 77% of outstanding shares voted; all five director nominees elected with 2.4-2.8 million votes for.
Precision Optics appoints Joseph Traut as COO; Mahesh Lawande to depart Oct 31
Mahesh Lawande's employment ends Oct 31, 2025; serves as Advisor to President for October; severance extended to 7 months (~$160,417).
Precision Optics signs 7.5-year lease for ~19,590 sq ft in Littleton, MA
Initial term 7.5 years with two 5-year renewal options; base rent $361,435.50/yr (first year), 3% annual escalations.
Precision Optics stockholders approve all proposals at annual meeting
Annual meeting turnout: 6,053,101 shares voted (78.95% of outstanding).
Precision Optics enters 8-year lease for 8,750 sq ft in South Portland, ME
Initial term of 8 years with two 5-year renewal options; base rent abated first 5 months.
Precision Optics extends lease for El Paso facility through May 2028
Lease extension for 9,375 sq ft at 1410 Gail Borden, El Paso, TX, effective June 1, 2025, ending May 31, 2028.
Precision Optics appoints Joseph Pellegrino to board; CEO salary increased to $325K, options granted
Peter Anania retired from board effective March 15, 2025; replaced by Joseph P. Pellegrino, Jr. (former CFO of LeMaitre Vascular).
Precision Optics appoints Buell Duncan to Board; Dr. Richard Miles retires
Buell Duncan appointed to Board of Directors effective February 28, 2025, filling vacancy from Dr. Miles' retirement.
Sold 1,272,500 shares at $4.00 each; gross proceeds ~$5.1M, expected net ~$5.0M.
Precision Optics FY2024 revenue $19.1M, net loss widens to $3.0M; Q1 FY2025 guided $4.2-$4.4M
FY2024 revenue $19.1M exceeded high-end of $18.9M guidance; down from $21.0M prior year.
Precision Optics raises $1.4M via registered direct offering; prelim FY24 revenue $18.5M-$18.9M
Raised ~$1.4M gross from 265,868 shares at $5.25 (institutional) and $5.79 (officers/directors).
SVP of Sales and Marketing resigns, enters consulting agreement
Jeffrey L. DiRubio resigns as SVP of Sales and Marketing, effective June 30, 2024.
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.
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.
On February 26, 2025, Dr. Richard B. Miles tendered his resignation from the Board of Directors (the “ Board ”) of Precision Optics Corporation, Inc. (the “ Company ”) retiring from the Board effective as of February 28, 2025.
On February 28, 2025, the Board appointed Buell Duncan, 71 years old, to fill the vacancy on the Board created with Dr. Miles’ retirement.
Jeffrey L. DiRubio, the Precision Optics Corporation, Inc.’s (the “ Company ”) Senior Vice President of Sales and Marketing, resigned from the Company effective as of June 30, 2024.
Max materiality 0.75 · Median 0.50 · Most common event other_material