Innovative Eyewear Appoints New CFO

TL;DR

New CFO Joseph LaMarca joins Innovative Eyewear, bringing $250K salary + stock options.

AI Summary

Innovative Eyewear Inc. announced on October 11, 2024, the appointment of Joseph J. LaMarca as Chief Financial Officer. Mr. LaMarca will receive an annual salary of $250,000 and will be eligible for a discretionary bonus. He will also be granted 100,000 stock options, vesting over three years.

Why It Matters

The appointment of a new CFO is a significant leadership change that could impact the company's financial strategy and investor confidence.

Risk Assessment

Risk Level: medium — Changes in key financial leadership can introduce uncertainty regarding future financial strategies and performance.

Key Numbers

• $250,000 — CFO Annual Salary (Base compensation for Joseph J. LaMarca)
• 100,000 — Stock Options Granted (Equity incentive for the new CFO)

Key Players & Entities

• Innovative Eyewear Inc. (company) — Registrant
• Joseph J. LaMarca (person) — Appointed Chief Financial Officer
• $250,000 (dollar_amount) — Annual salary for CFO
• 100,000 (dollar_amount) — Stock options granted to CFO
• October 11, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.00001 — ch registered Common Stock, par value $0.00001 per share LUCY The Nasdaq Stock Mar

Filing Documents

• innovative_8k.htm (8-K) — 30KB
• 0001829126-24-006833.txt ( ) — 243KB
• lucy-20241011.xsd (EX-101.SCH) — 4KB
• lucy-20241011_def.xml (EX-101.DEF) — 26KB
• lucy-20241011_lab.xml (EX-101.LAB) — 36KB
• lucy-20241011_pre.xml (EX-101.PRE) — 25KB
• innovative_8k_htm.xml (XML) — 6KB

02. Departure of Directors or Certain

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On October 11, 2024, the Board of Directors of Innovative Eyewear Inc. (the "Company") appointed Oswald Gayle as the Company's Co-Chief Financial Officer, effective immediately. Mr. Gayle will act as Principal Financial and Accounting Officer for the Company with respect to the Company's quarterly and annual reports. Mr. Gayle, age 65, joined the Company as the Vice President of Finance on January 1, 2022, and served in that role until his promotion in August 2024 to Senior Vice President of Finance of the Company. Prior to joining the Company Mr. Gayle worked with Vaco Resources, Miami, FL., in the position of Executive Financial Consultant from September 2018 to January 2022. Mr. Gayle brought with him a 30 plus year career in finance and accounting, that started with PricewaterhouseCoopers and included numerous senior and executive level management positions in corporate finance, SEC reporting, investor relations and business development in the manufacturing and retail industries. Mr. Gayle obtained a bachelor's degree in accounting and finance with honors from the University of London and he is a Chartered Global Management Accountant and a member of the American Institute of Certified Public Accountants. There is no family relationship between Mr. Gayle and any director or executive officer of the Company. There are no transactions to which the Company is a party and in which Mr. Gayle has a material interest that is required to be disclosed under Item 404(a) of Regulation S-K.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits 104 Cover Page Interactive Data File (embedded within Inline XBRL document) 1

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: October 17, 2024 INNOVATIVE EYEWEAR, INC. By: /s/ Harrison Gross Name: Harrison Gross Title: Chief Executive Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR