Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 14

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 9
Chunk 14
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components of our executive compensation program will encourage management to assume excessive risks. We believe that our current business
process and planning cycle fosters the behaviors and controls that would mitigate the potential for adverse risk caused by the action
of our executives. We believe that the following aspects of our executive compensation program that we plan to implement will mitigate
the potential for adverse risk caused by the action of our executives:

    ●
    annual establishment of
    corporate and individual objectives for our performance-based cash bonus programs for our executive officers, which we expect to
    be consistent with our annual operating and strategic plans, designed to achieve the proper risk/reward balance and not require excessive
    risk taking to achieve;

    ●
    the mix between fixed and
    variable, annual and long-term and cash and equity 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