secwatch / observer

PRECISION OPTICS CORPORATION, INC. — fact timeline

Source-grounded facts extracted from PRECISION OPTICS CORPORATION, INC.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

POCI PRECISION OPTICS CORPORATION, INC. JSON
Equity Issuances

PRECISION OPTICS CORPORATION, INC. issued 159,722 shares of Company common stock of warrant to Lucid Capital Markets, LLC for $4.21 per share.

“in the aggregate, and the Company also issued to the Underwriter (or its designees) warrants to purchase up to 159,722 shares of Company common stock with an exercise price of $4.21 per share (the “Representative’s Warrant”). The Representative’s Warrants are exercisable at any time on or after March 30, 2026 and will terminate on March 27, 2031. The”
Equity Issuances

PRECISION OPTICS CORPORATION, INC. issued 2,777,777 shares of its common stock of common stock to Lucid Capital Markets, LLC for $3.60 per share.

“LLC (the “Underwriter”), relating to the issuance and sale (the “Offering”) of 2,777,777 shares of its common stock, par value $0.01 per share, at a price to the public of $3.60 per share. In connection with the Offering, the Company has granted the Underwriter a 45-day over-allotment option to purchase up to an additional 416,667 shares of the Company’s”
Material Agreements

PRECISION OPTICS CORPORATION, INC. entered into Underwriting Agreement with Lucid Capital Markets, LLC valued at approximately $10.7 million (effective 2026-03-27).

“On March 27, 2026, Precision Optics Corporation, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Lucid Capital Markets, LLC (the “Underwriter”), relating to the issuance and sale (the “Offering”) of 2,777,777 shares of its common stock, par value $0.01 per share, at a price to the public of $3.60 per share.”

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

“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.”

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

“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.”

Buell Duncan was appointed as Director at PRECISION OPTICS CORPORATION, INC..

“On February 28, 2025, the Board appointed Buell Duncan, 71 years old, to fill the vacancy on the Board created with Dr. Miles’ retirement.”

Richard B. Miles resigned as Director at PRECISION OPTICS CORPORATION, INC..

“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.”

Jeffrey L. DiRubio resigned as Senior Vice President of Sales and Marketing at PRECISION OPTICS CORPORATION, INC..

“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.”
Shareholder Votes

PRECISION OPTICS CORPORATION, INC. shareholders approved Ratification of the Appointment of Independent Registered Public Accounting Firm at the 2023-12-01 meeting.

“Proposal 3 – Ratification of the Appointment of Independent Registered Public Accounting Firm Our stockholders voted upon and approved the ratification of the appointment of Stowe & Degon, LLC to serve as our independent registered public accounting firm for the fiscal year ending June 30, 2024.”
Shareholder Votes

PRECISION OPTICS CORPORATION, INC. shareholders approved Advisory Vote on Executive Compensation at the 2023-12-01 meeting.

“Proposal 2 – Advisory Vote on Executive Compensation Our stockholders voted upon and approved, on an advisory basis, the compensation paid to our Named Executive Officers (as that term is defined in our 2023 Proxy Statement) for the fiscal year ended June 30, 2023.”
Shareholder Votes

PRECISION OPTICS CORPORATION, INC. shareholders approved Election of Directors at the 2023-12-01 meeting.

“Proposal 1 – Election of Directors Peter H. Woodward, Andrew J. Miclot, Richard B. Miles, Peter V. Anania, and Joseph N. Forkey were each duly elected as our directors.”

Wayne M. Coll was appointed as Chief Financial Officer at PRECISION OPTICS CORPORATION, INC..

“Effective June 12, 2023, the Company has appointed Wayne M. Coll, age 59, as its Chief Financial Officer.”

E. Kevin Dahill resigned as Interim Chief Financial Officer at PRECISION OPTICS CORPORATION, INC..

“In connection with the Company’s appointment of a permanent Chief Financial Officer, Mr. Dahill resigned as an officer and employee effective June 11, 2023.”
Material Agreements

PRECISION OPTICS CORPORATION, INC. entered into Second Amendment to Loan Agreement with Main Street Bank valued at Additional term loan of $750,000, increase in revolving line of credit to $1,250,000 from $500,000; (effective 2023-06-02).

“On June 2, 2023, the Company entered into a Second Amendment to Loan Agreement with Main Street Bank, which provides for an additional term loan in the original principal amount of $750,000 and an increase in the Company’s existing revolving line of credit to up to $1,250,000, from the existing limit of $500,000. The term loan has a term of 5 years and bears interest at the fixed rate of 8.625% per annum. The revolving line of credit bears interest at the greater of the Wall Street Journal “Prime Rate” plus 1.50% or the fixed rate of 4.75% per annum. The term loan and the revolving line of credit are secured by all assets of the Company.”

Mahesh Lawande was appointed as Chief Operating Officer at PRECISION OPTICS CORPORATION, INC..

“Effective April 24, 2023, the Company has appointed Mahesh Lawande, age 50, as its Chief Operating Officer.”

E. Kevin Dahill was appointed as Interim CFO at PRECISION OPTICS CORPORATION, INC..

“Commencing January 7, 2023, the Company has hired E. Kevin Dahill, age 75, as its Interim CFO.”

Daniel S. Habhegger changed role as Senior Vice President, Finance at PRECISION OPTICS CORPORATION, INC..

“Mr. Habhegger will remain an employee of the Company, serving in a reduced capacity as Senior Vice President, Finance”
Governance Changes

PRECISION OPTICS CORPORATION, INC.: Filed Articles of Amendment to effect a 1:3 reverse stock split of Common Stock, with effective date set to 11:59 p.m. Eastern Time on November 1, 2022, after prior delays and re-filings (effective 2022-11-01).

“The Company filed Articles of Amendment with the Secretary of the Commonwealth of Massachusetts on October 24, 2022. Under that filing, the Reverse Stock Split was to become effective after the close of business on Wednesday, October 26, 2022. Due to unanticipated delays in obtaining necessary trading clearances, however, the Company on October 26, 2022 made a further Articles of Amendment filing with the Secretary of the Commonwealth to override the earlier amendment and thus avoid the reverse split taking effect later that day. Having received appropriate indications on October 27, 2022 that the necessary trading clearances would be forthcoming, the Company then set a new effective date of the Reverse Stock Split for 11:59 p.m. Eastern Time on Tuesday, November 1, 2022 (the “Revised Effective Time”) and filed additional Articles of Amendment with the Secretary of the Commonwealth accordingly on October 27, 2022.”

Peter V. Anania was appointed as Class II Director at PRECISION OPTICS CORPORATION, INC..

“On October 6, 2021, our Board appointed Mr. Peter V. Anania as a class II director for a three-year term or until his successor is duly elected or qualified.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.