Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 93

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 9C
Chunk 93
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” for 2020 and 2021 were Wayne Tupuola and Tatiana Nikitina. The compensation of our named executive
officers and our other current executive officers is based on individual terms approved by our Board of Directors. This section highlights
key aspects of our compensation program.

Our
compensation committee will oversee these compensation policies and, together with our Board of Directors, will periodically evaluate
the need for revisions to ensure our compensation program is competitive with the companies with which we compete for executive talent.

Objectives
and Philosophy of Our Executive Compensation Program

The
primary objectives of the Board of Directors in designing our executive compensation program are to:

    ●
    attract, retain and motivate
    experienced and talented executives;

    ●
    ensure executive compensation
    is aligned with our corporate strategies, research and development programs and business goals;

58

    ●
    recognize the individual
    contributions of executives while fostering a shared commitment among executives by aligning their individual goals with our corporate
    goals;

    ●
    promote the achievement
    of key strategic, development and operational performance measures by linking compensation to the achievement of measurable corporate
    and individual performance goals; and

    ●
    align the interests of
    our executives with our stockholders by rewarding performance that leads to the creation of stockholder value.

To
achieve these objectives in the future, we expect that our Board of Directors and compensation committee will evaluate our executive
compensation program with the goal of setting and maintaining compensation at levels that are justifiable based on each executive’s
level of experience, performance and responsibility and that the board believes are competitive with those of other companies in our
industry and our region that compete with us for executive talent. In addition, we expect that our executive compensation program will
tie a substantial portion of each executive’s overall compensation to key strategic, financial and operational goals. We have provided,
and expect to continue to provide, a portion of our executive compensation in the form of stock options and restricted stock that vest
over time, which we believe helps to retain our executives and aligns their interests with those of our stockholders by allowing them
to participate in the longer term success of our company as reflected in stock price appreciation.

Use
of Compensation Consultants and Market Benchmarking

For
purposes of determining total compensation and the primary components of compensation for our executive officers in 2020 and 2021, we
did not retain the services of a compensation consultant or use survey information or compensation data