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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Lightwave Logic Inc | NASDAQ:LWLG | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.72 | 1.70 | 2.25 | 0 | 09:00:01 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported)
(Exact name of registrant as specified in its charter)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
This Amendment No. 1 on Form 8-K/A (this “Form 8-K/A”) is an amendment to the Current Report on Form 8-K filed by Lightwave Logic, Inc. with the Securities and Exchange Commission on July 19, 2023 (the “Original 8-K”). This Form 8-K/A is being filed to supplement the information contained in Item 5.02 of the Original 8-K regarding Laila Partridge’s compensation as a director and board of director committee appointments. No other changes have been made to the Original 8-K or the exhibits thereto.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Appointment of Laila Partridge to Board of Directors
On July 17, 2023, the Board of Directors (the “Board”) of Lightwave Logic, Inc. (the “Company”) elected Laila Partridge to serve as a Class III member of the Board. Ms. Partridge’s initial term as a Class III member of the Board will begin on August 1, 2023 and continue until the Company’s 2026 Annual Meeting of Shareholders or until her successor is duly appointed.
Ms. Partridge brings over 30 years of executive experience in technology, corporate innovation and finance to the Board– having worked with a wide range of technologies, including telecommunications, internet infrastructure, AI, internet of things and more. She was named by Boston Business Journal as one of the ten “2017 Women to Watch in Science and Technology". She currently serves as Founder and Chief Executive Officer of The HardTech Project, a new venture with a novel approach to early-stage hardware investing. Previously, she was Managing Director of the STANLEY + Techstars Accelerator where she directed a global effort for Stanley Black & Decker’s Chief Technology Officer to identify and invest in innovative technologies for industrial applications with an emphasis on electrification, sustainability and advanced manufacturing. Prior to that, she began her technology career at Intel Capital, serving as a Director of Strategic Investments. Ms. Partridge began her career as a VP of Corporate Banking at Wells Fargo, where she led complex corporate finance transactions for the Company’s senior secured debt agencies in the Midwest.
Ms. Partridge has been appointed to serve on the Audit Committee of the Board. She replaces Siraj Nour El-Ahmadi, who stepped down from the Audit Committee of the Board.
Ms. Partridge will receive compensation commensurate with other non-employee directors of the Company. For serving as a director during 2023, Ms. Partridge will receive the following 2023 non-employee director compensation, adjusted pro-rata to the date of her appointment: $30,000 annual cash paid out quarterly at quarter’s end, $100K RSAs vesting monthly over 3 years, 100,000 options vesting monthly by December 31, 2023.
Item 8.01 Other Events.
Press Release
On July 19, 2023, the Company issued a press release announcing the election of Laila Partridge as a member of the Board. A copy of the press release is attached as Exhibit 99.1 to this report and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. |
Description | |
99.1 | Press Release dated July 19, 2023 | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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: August 10, 2023
Exhibit 99.1
Lightwave Logic Appoints Respected Industry Executive Laila Partridge to Board of Directors
Laila Partridge Brings 30+ Years Track Record of Executing Transactions in the Technology Space
ENGLEWOOD, Colo., July 19, 2023 -- Lightwave Logic, Inc. (NASDAQ: LWLG), a technology platform company leveraging its proprietary electro-optic (EO) polymers to transmit data at higher speeds with less power in a small form factor, today announced the appointment of respected industry executive Laila Partridge to Lightwave Logic’s Board of Directors effective August 1, 2023.
Ms. Partridge brings over 30 years of executive experience in technology, corporate innovation and finance to the Board of Directors – having worked with a wide range of technologies, including telecommunications, internet infrastructure, AI, internet of things and more. She was named by Boston Business Journal as one of the ten “2017 Women to Watch in Science and Technology".
She currently serves as Founder and Chief Executive Officer of The HardTech Project, a new venture with a novel approach to early-stage hardware investing. Previously, she was Managing Director of the STANLEY + Techstars Accelerator where she directed a global effort for Stanley Black & Decker’s Chief Technology Officer to identify and invest in innovative technologies for industrial applications with an emphasis on electrification, sustainability and advanced manufacturing. Prior to that, she began her technology career at Intel Capital, serving as a Director of Strategic Investments. Ms. Partridge began her career at Wells Fargo, where ultimately achieved the role of VP of Corporate Banking, having led complex corporate finance transactions for the Company’s senior secured debt agencies in the Midwest.
Ms. Partridge brings significant board experience to the Board of Directors, including at Intel Capital serving privately-held technology companies, and in her current role as an independent Director at Cambridge Trust [NASDAQ: CATC]. She holds a Bachelor’s degree with Honors from Wellesley College.
Ms. Partridge stated: “I am excited by the opportunity to join the Board of Lightwave Logic. Their breakthrough technology is a critical infrastructure ingredient for the next generation of computing. Tools like ChatGPT and Bard are putting unprecedented capabilities into the hands of the average consumer and as individuals begin exploring those capabilities, the underlying datacenter infrastructure needs to innovate to support that demand. I look forward to working closely with the Board to offer my decades of experience in helping traditional industries incorporate disruptive new technologies – including IP licensing and technology transfer business models.”
Michael Lebby, Chairman and CEO of Lightwave Logic, added: “I am truly excited to have Laila join the Lightwave Logic Board of Directors. I worked directly with Laila at Intel Capital during the technology boom – where I saw her expedite and navigate technology investments and business deals in the telecommunications, datacom, and internet markets. Over the past two decades, Laila has deepened her acumen as a world respected industry executive for innovative technology opportunities utilizing licensing and technology transfer approaches to monetization. Laila’s experience aligns perfectly with our drive to make electro-optic polymers ubiquitous through our 3-prong business model of 1) technology transfer and partnering with foundries, transceiver companies etc., 2) selling product with polymer based photonic integrated circuits (PICs), and 3) commercial licensing of our chromophore materials.”
At Intel, Laila gained incredible operational experience from sitting on the Itanium™ Executive Launch Team, a 10-member cross-divisional management team, coordinating and directing all elements of Intel’s 15-year Itanium™ chip family launch. Her appointment to this team was a result of creating the $253 Million Intel 64 Fund™, an ecosystem development effort that generated Harvard Business School Case Study N9-800-351.
“Laila’s knowledge of both the fiber optic communications markets as well as non-communications markets (such as artificial intelligence, consumer, display, sensing, medical, biotech, etc.), will help Lightwave Logic hone business strategies for growing our electro-optic polymer business,” concluded Lebby.
About Lightwave Logic, Inc.
Lightwave Logic, Inc. (NASDAQ: LWLG) is developing a platform leveraging its proprietary engineered electro-optic (EO) polymers to transmit data at higher speeds with less power in a small form factor. The company's high-activity and high-stability organic polymers allow Lightwave Logic to create next-generation photonic EO devices, which convert data from electrical signals into optical signals, for applications in data communications and telecommunications markets. For more information, please visit the company's website at lightwavelogic.com.
Safe Harbor Statement
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, lack of available funding; general economic and business conditions; competition from third parties; intellectual property rights of third parties; regulatory constraints; changes in technology and methods of marketing; delays in completing various engineering and manufacturing programs; changes in customer order patterns; changes in product mix; success in technological advances and delivering technological innovations; shortages in components; production delays due to performance quality issues with outsourced components; those events and factors described by us in Item 1.A "Risk Factors" in our most recent Form 10-K and 10-Q; other risks to which our company is subject; other factors beyond the company's control.
Investor Relations Contact:
Lucas A. Zimmerman
MZ Group - MZ North America
949-259-4987
LWLG@mzgroup.us
www.mzgroup.us
Cover |
Jul. 17, 2023 |
---|---|
Cover [Abstract] | |
Document Type | 8-K/A |
Amendment Flag | true |
Amendment Description | Amendment No. 1 |
Document Period End Date | Jul. 17, 2023 |
Entity File Number | 001-40766 |
Entity Registrant Name | Lightwave Logic, Inc. |
Entity Central Index Key | 0001325964 |
Entity Tax Identification Number | 82-0497368 |
Entity Incorporation, State or Country Code | NV |
Entity Address, Address Line One | 369 Inverness Parkway |
Entity Address, Address Line Two | Suite 350 |
Entity Address, City or Town | Englewood |
Entity Address, State or Province | CO |
Entity Address, Postal Zip Code | 80112 |
City Area Code | (720) |
Local Phone Number | 340-4949 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, par value $0.001 per share |
Trading Symbol | LWLG |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
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