Lightwave Logic Appoints Dr. Michael Lebby as CEO

Ticker: LWLG · Form: 8-K · Filed: 2024-07-22T00:00:00.000Z

Sentiment: neutral

Topics: leadership-change, executive-appointment, board-of-directors

Related Tickers: LWLG

TL;DR

LWLG names Lebby permanent CEO, Johnson out. Big optics play incoming?

AI Summary

Lightwave Logic, Inc. announced on July 16, 2024, the appointment of Dr. Michael Lebby as Chief Executive Officer and a member of the Board of Directors. Dr. Lebby, who has been serving as interim CEO since March 2024, brings extensive experience in optical networking and semiconductor industries. The company also announced the departure of Dr. Alan Johnson from the Board of Directors.

Why It Matters

The appointment of a permanent CEO with deep industry expertise could signal a new strategic direction and renewed focus for Lightwave Logic in the competitive optical networking market.

Risk Assessment

Risk Level: medium — Leadership changes can introduce uncertainty, but Dr. Lebby's experience may mitigate some risks.

Key Players & Entities

FAQ

Who has been appointed as the new CEO of Lightwave Logic, Inc.?

Dr. Michael Lebby has been appointed as the new Chief Executive Officer of Lightwave Logic, Inc.

When did the changes in leadership take effect?

The changes in leadership took effect on July 16, 2024.

What other role does Dr. Michael Lebby hold at Lightwave Logic?

In addition to being CEO, Dr. Michael Lebby is also a member of the Board of Directors.

Who has departed from the Board of Directors?

Dr. Alan Johnson has departed from the Board of Directors.

What was Dr. Lebby's previous role at the company?

Dr. Lebby had been serving as the interim CEO since March 2024.

Filing Stats: 888 words · 4 min read · ~3 pages · Grade level 11.5 · Accepted 2024-07-22 16:47:34

Key Financial Figures

Filing Documents

02

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Appointment of Yves Le Maitre to Board of Directors On July 16, 2024, the Board of Directors (the " Board ") of Lightwave Logic, Inc. (the " Company ") elected Yves Le Maitre to serve as a Class I member of the Board. Mr. Le Maitre's initial term as a Class I member of the Board will begin on August 1, 2024 and continue until the Company's 2027 Annual Meeting of Shareholders or until his successor is duly appointed. Mr. Le Maitre, 60, brings over 30 years of leadership experience in sales, corporate strategy, and P&L management to the Board, having worked with a wide range of technologies, including in the laser, optical communications, and consumer electronics industries. He currently serves as a strategic advisor to various market-leading companies in the photonics and optical communications markets. Previously, he served Astrobeam.space as Chief Executive Officer from October 2023 to March 2024. Prior to that, he served Luna Innovations Incorporated (NASDAQ:LUNA) as President, RIO Lasers and SVP of North American Operations from December 2019 to December 2021, where he oversaw all U.S. business and the integration of acquisitions into current operations. Prior to that, Mr. Le Maitre served as Chief Strategy Officer of Lumentum Holdings Inc. (NASDAQ:LITE) and Oclaro, Inc. (" Oclaro ") (prior to its merger with Lumentum Holdings Inc.) in 2018 and 2019, where he was responsible for strategic planning, corporate development and marketing of the company's core business sectors, which included optical communications, industrial lasers, and 3D sensing. From October 2013 to February 2018, he served as Oclaro's President of Optical Connectivity Business. Prior to this, Mr. Le Maitre was Oclaro's Chief Commercial Officer from July 2011 to September 2013. He previously served as Executive Vice President, Strategy an

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. LIGHTWAVE LOGIC, INC. By: /s/ James S. Marcelli Name: James S. Marcelli Title: President Dated: July 22, 2024

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