Current Report Filing (8-k)
April 20 2021 - 4:10PM
Edgar (US Regulatory)
0001325964
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0001325964
2021-04-18
2021-04-19
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
April 19, 2021
Lightwave Logic, Inc.
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(Exact name of registrant as specified in its charter)
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Nevada
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0-52567
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82-0497368
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(State or other jurisdiction of
Incorporation or Organization)
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(Commission File Number)
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(I.R.S. Employer
Identification No.)
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369 Inverness Parkway, Suite 350, Englewood, CO
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80112
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(Address of principal executive offices)
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(Zip Code)
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Registrant's telephone number, including area
code: (720) 340-4949
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(Former name or former address, if changed since last report)
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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: None
Title of each class
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Trading Symbol(s)
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Name of exchange on which registered
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Indicate by check mark whether the registrant
is an emerging growth company as defined in 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 ¨
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If an emerging growth company, indicate by
checkmark 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. ¨
Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
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Dr. Michael S. Lebby
On April 19, 2021, Lightwave Logic,
Inc. (the “Company”) entered into an amended employee agreement with Dr. Michael S. Lebby, the Company’s Chief
Executive Officer. The amended employee agreement amends Dr. Lebby’s employee agreement to (i) increase his base salary to $288,000
per year effective May 1, 2021, and (ii) extend his employee agreement’s expiration date to April 30, 2023. The description of Dr.
Lebby’s employee agreement amendment is not complete and is qualified in its entirety by reference to the employee agreement amendment
attached hereto as Exhibit 10.1, which is incorporated by reference herein.
Additionally, the Board of Directors
granted Dr. Lebby an option to purchase up to 250,000 shares of Company common stock at an exercise price equal to $1.60 per share, which
shall be issued from the Company’s 2016 Equity Incentive Plan. The options vest quarterly over two years in equal installments of
31,250 shares per quarter beginning on May 1, 2021. The options expire on April 18, 2031.
James S. Marcelli
On April 19, 2021, the Company entered
into an amended employee agreement with James S. Marcelli, the Company’s President and Chief Operating Officer. The amended employee
agreement amends Mr. Marcelli’s employee agreement to (i) increase his base salary to $271,800 per year effective May 1, 2021, and
(ii) extend his employee agreement’s expiration date to December 31, 2023. The description of Mr. Marcelli’s employee agreement
amendment is not complete and is qualified in its entirety by reference to the employee agreement amendment attached hereto as Exhibit
10.2, which is incorporated by reference herein.
Additionally, the Board of Directors
granted Mr. Marcelli an option to purchase up to 250,000 shares of Company common stock at an exercise price equal to $1.60 per share,
which shall be issued from the Company’s 2016 Equity Incentive Plan. The options vest quarterly over two years in equal installments
of 31,250 shares per quarter beginning on May 1, 2021. The options expire on April 18, 2031.
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Item 9.01
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Financial Statements and Exhibits
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(d) Exhibits:
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.
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By:
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/s/ James S. Marcelli
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Name:
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James S. Marcelli
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Title:
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President
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Dated: April 20, 2021