Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 62

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 9B
Chunk 62
---
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 governance
standards, including the requirements (1) that a majority of its board of directors consist of independent directors and (2) that its
board of directors have a compensation committee that is composed entirely of independent directors with a written charter addressing
the committee’s purpose and responsibilities. If we utilized these exemptions you may not have the same protections afforded to
stockholders of companies that are subject to all of these corporate governance requirements. If we cease to be a “controlled company”
and our shares continue to be listed on Nasdaq, we will be required to comply with these standards. We have adopted corporate governance
standards as though we were