Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 35

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 9A
Chunk 35
---
qualified stock options under our 2021 Plan to purchase 5,500 shares of our common stock, which options
vest pro rata on a monthly basis over a period of twelve months from the grant date, subject to the grantee’s continued
service through that date.

Director
Compensation Table

The
following table sets forth information regarding the compensation earned for service on our board of directors by our non-employee directors
during the year ended December 31, 2024.

    (a) 
    (b)  
    (c)  
    (d)  
    (e)  
    (f)  
    (g)  
    (h) 
  
    Name 
    Fees Earned or Paid in Cash ($)  
    Stock Awards ($)  
    Option Awards(1) ($)  
    Non-Equity Incentive Plan Compensation ($)  
    Change in Pension Value and Nonqualified Deferred Compensation Earnings ($)  
    All Other Compensation ($)  
    Total ($) 
  
    Shara Pathak 
     31,141  
     —  
        
     —  
     —  
     —  
     31,141 
  
    Troy Parkos 
     30,000  
     —  
        
     —  
     —  
     —  
     30,000 
  
    Carlos Gonzalez 
     19,780  
     —  
        
     —  
     —  
     —  
     19,780 
  
    Tim Miller 
     10,109  

     10,109 

During
2024, each non-employee member of the Board of Directors received an annual cash fee of $30,000.  

55

Controlled
Company Exemption

ICT
Investments, together with the shares of FONON Corporation and FONON Technologies, owned by ICT, posses a majority (59.19%) of the voting
power of all outstanding shares of our common stock. As a result, we are a “controlled company” within the meaning of Nasdaq’s
corporate governance standards. Under these corporate governance standards, a company of which more than 50% of the voting power is held
by an individual, group or another company is a “controlled company” and may elect not to comply with certain corporate