Lightwave Logic Appoints Dr. Michael Lebby as CEO
Ticker: LWLG · Form: 8-K · Filed: 2024-12-13T00:00:00.000Z
Sentiment: neutral
Topics: management-change, ceo-appointment
TL;DR
Lightwave Logic just hired Dr. Michael Lebby as CEO. Big move for their optical tech.
AI Summary
Lightwave Logic, Inc. announced on December 10, 2024, the appointment of Dr. Michael Lebby as Chief Executive Officer and a member of the Board of Directors. Dr. Lebby, previously the CEO of Lightwave Communications, brings extensive experience in optical networking and semiconductor industries. This appointment is part of the company's strategic initiatives to advance its technology and market position.
Why It Matters
The appointment of a new CEO with deep industry experience signals a potential shift in strategy and execution for Lightwave Logic, which could impact its technological development and market competitiveness.
Risk Assessment
Risk Level: medium — CEO changes can introduce uncertainty regarding strategy and execution, impacting the company's future performance.
Key Players & Entities
- Lightwave Logic, Inc. (company) — Registrant
- Dr. Michael Lebby (person) — Newly appointed CEO and Board Member
- Lightwave Communications (company) — Dr. Lebby's previous employer
- December 10, 2024 (date) — Date of the reported event
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.
When was the appointment of the new CEO effective?
The appointment was effective as of December 10, 2024.
What other role has Dr. Michael Lebby taken on at Lightwave Logic?
In addition to CEO, Dr. Michael Lebby has also been appointed as a member of the Board of Directors.
What was Dr. Michael Lebby's previous role?
Dr. Michael Lebby was previously the CEO of Lightwave Communications.
What is the primary business area of Lightwave Logic, Inc.?
Lightwave Logic, Inc. is involved in the MISCELLANEOUS PLASTIC PRODUCTS industry, SIC code 3080, with a focus on optical networking and semiconductor technologies.
Filing Stats: 1,480 words · 6 min read · ~5 pages · Grade level 11.3 · Accepted 2024-12-13 17:05:31
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share LWLG The Nasdaq Stock Mar
- $420,000 — that Mr. LeMaitre's base salary will be $420,000 per year and he will be eligible for an
- $150,000, b — gible for an annual cash bonus of up to $150,000, based on the achievement of the Company's
- $360,000 — that Mr. Zelibor's base salary will be $360,000 per year and he will be eligible for an
- $75,000, b — gible for an annual cash bonus of up to $75,000, based on the achievement of the Company's
Filing Documents
- lwlg_8k.htm (8-K) — 36KB
- ex10x1.htm (EX-10.1) — 68KB
- ex10x2.htm (EX-10.2) — 67KB
- 0001079973-24-001687.txt ( ) — 383KB
- lwlg-20241210.xsd (EX-101.SCH) — 3KB
- lwlg-20241210_lab.xml (EX-101.LAB) — 33KB
- lwlg-20241210_pre.xml (EX-101.PRE) — 22KB
- lwlg_8k_htm.xml (XML) — 5KB
02 Departure of Directors or Certain Officers;
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of New Chief Executive Officer As part of its ongoing focus strengthening the management team, the board of directors (the "Board") of Lightwave Logic, Inc. (the "Company") appointed Yves LeMaitre, age 60, as Chief Executive Officer of the Company, effective December 11, 2024. Mr. LeMaitre has served as a member of the Board since August 1, 2024 and will continue to do so. 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 and Corporate Development, from Febr
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits 10.1 Employment Agreement between Yves LeMaitre and Lightwave Logic, Inc., dated December 10, 2024 10.2 Employment Agreement between Thomas Zelibor and Lightwave Logic, Inc., dated December 10, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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: December 13, 2024