Laser Photonics names Timothy A. Peterman permanent CFO
Peterman’s agreement includes conditional bonus and equity awards, a relocation payment with repayment conditions, and specified severance eligibility.
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Rhea-AI Filing Summary
Laser Photonics Corp (LASE) appointed Timothy A. Peterman as permanent Chief Financial Officer and Secretary, effective October 6, 2026; he had served as acting CFO since September 8, 2026. His employment agreement runs from the effective date through its third anniversary, unless terminated sooner or extended, and sets annual base salary at $300,000, subject to annual review by independent Board members.
For fiscal 2026, Peterman may receive a prorated discretionary bonus subject to Board-determined criteria. For fiscal 2027 onward, a discretionary bonus may be based on a maximum full-year opportunity of 60% of base salary, subject to Board-approved performance targets. The agreement calls for restricted and performance stock units valued at 80% of then-current base salary, with three-year vesting, as soon as reasonably practicable after the effective date. It also provides an $80,000 relocation payment subject to repayment conditions and an $800 monthly car allowance. Certain qualifying terminations on or after the first anniversary, subject to a release, provide nine months of base salary paid over 12 months and COBRA reimbursement for up to 12 months.
