Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 15

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 9
Chunk 15
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 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, 2024.

61

Summary
Compensation Table

The
following table reflects compensation paid or awarded to our named executive officers during the fiscal years ended December 31, 2024
and 2023.

SUMMARY
COMPENSATION TABLE

(1)Carlos
                                            Sardinas entered into an Offer Letter Agreement with the Company on April 8, 2024.

Grants
of Plan-Based Awards

In
July 2022, Tim Schick, CFA, was granted 25,000 Incentive Stock Options with four-year vesting and an exercise price of $5.00. Those options
were cancelled in connection with the termination of employment agreement with the Company dated March 27, 2023. There have not been
any additional awards under out 2019 Plan.

Jade
Barnell received on 02/27/2024, 17008 Common Stock Shares under a compensation agreement.

Outstanding
Equity Awards

There
were no outstanding equity awards held by our named executive officers as of December 31, 2024.

Clawback
Policy

In
November 2023, our Board of Directors adopted a policy regarding the recovery of erroneously awarded compensation (“Clawback Policy”)
in accordance with the applicable rules of Nasdaq and Section 10D and Rule 10D-1 of the Securities Exchange Act of 1934, as amended.
In the event we are required to prepare an accounting restatement due to material noncompliance with any financial reporting requirements
under U.S. securities laws or otherwise erroneous data or if we determine there has been a significant misconduct that causes material
financial, operational or reputational harm, we shall be