Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 420

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1A
Chunk 420
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cash payments to non-employee directors who served in the relevant capacity at any point during the immediately preceding prior fiscal
quarter will be paid quarterly in arrears. A non-employee director who served in the relevant capacity during only a portion of the prior
fiscal quarter will receive a pro-rated payment of the quarterly payment of the applicable cash retainer.

Equity
Compensation

Each
non-employee director who served as a director during 2021 received an initial grant of non-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. Each non-employee director who served as a director
during 2022 received a grant of non-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  
     —  
        
     —  
     —  
     —