Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 97

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 9C
Chunk 97
---
 compensation, which we expect to be designed to encourage strategies and actions
    that balance our short-term and long-term best interests; and

    ●
    equity incentive awards
    that vest over a period of time, which we believe will encourage executives to take a long-term view of our business.

Tax
and Accounting Considerations

Section
162(m) of the Internal Revenue Code of 1986, as amended, or the Code, generally disallows a tax deduction for compensation in excess
of $1,000,000 per person paid to a publicly traded company’s chief executive officer and three other most highly paid officers,
other than the chief financial officer.

We
account for equity compensation paid to our employees in accordance with Financial Accounting Standards Board, or FASB, Accounting Standard
Codification Topic 718, Compensation-Stock Compensation, or ASC 718, which requires us to measure and recognize compensation expense
in our financial statements for all share-based payments based on an estimate of their fair value over the service period of the award.
We record cash compensation as an expense at the time the obligation is accrued.

    Name and Principal Occupation1 
    Year 
    Salary($)  
    Bonus($)  
    Stock Awards($)  
    Option Awards ($)  
    All Other Compensation ($)  
    Total($) 

    Wayne Tupuola, 
    2024 
     200,000  

     200,000 
  
    Chief Executive Officer 
    2023 
     200,000  
     0  
     0  
     0  
     9,661  
     209,661 
  
    Jade Barnwell, Former Chief Financial Officer(1) 
    2023 
     73,217  

     73,217 
  
    Peter Evans, Former President of Laser Photonics 
    2023 
     40,785  

     40,785 
  
    John Amstrong, Executive Vicepresident 
    2024 
     170,000  

     170,000 
  
    Carlos Sardinas, Chief Financial Officer (2) 
    2024 
     180,000  

     180,000 

  (1)
  Jade Barnwell resigned as CFO on December 20, 2023.

  (2)
  Carlos Sardinas entered into an Offer Letter Agreement with
the Company on April 8, 202