エドガーで原本を確認する
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 15, 2023
Laser Photonics Corporation |
(Exact name of registrant as specified in its charter) |
Delaware |
|
000-56166 |
|
84-3628771 |
(State of other jurisdiction |
|
(Commission |
|
(IRS Employer |
of incorporation) |
|
File Number) |
|
Identification No.) |
1101 N. Keller Rd. |
|
|
Suite G |
|
|
Orlando, FL |
|
32810 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including area code: (407) 804-1000
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
Common Stock |
|
LASE |
|
The Nasdaq Stock Market LLC |
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On August 15, 2023, the Board of Directors (the “Board”) of the registrant (“Laser Photonics”) appointed Troy Parkos to fill the vacancy on the Board following the resignation of Glenn Peterson on December 16, 2022, as one of the three independent members of the Board who will also fill the independent director vacancy on the audit committee of the Board to meet Nasdaq Listing Rule 5605. Since June 1994, Mr. Parkos has been employed by Fastenal Company, a global distributor of wide-ranging industrial and construction products having annual sales in 2022 of approximately $7 billion. Mr. Parkos started his career at Fastenal Company as a sales representative from 1994 to 1997, becoming a Regional Sales Consultant Manager from 1997 to 2007, a District Manager from 2007 to 2018 and, since 2018, Vice President overseeing approximately 1,000 employees throughout the United States. Mr. Parkos has expertise in industrial sales, operations, and supply chain management, including partnering with Federal Government prime and DOD contractors and dealing with MRO and OEM manufacturers. Mr. Parkos graduated Magna Cum Laude from the University of Wisconsin with a Bachelor of Science in Industrial Technology Management in May 1994. Laser Photonics believes that the expertise that Mr. Parkos has with the procurement processes and supply chains of Fastenal Company’s customer base and experience in managing a large sales force will be valuable to it as it expands its sales.
Laser Photonics issued a press release on August 16, 2023, regarding the appointment of Mr. Parkos as a member of the Board, a copy of which is attached hereto and incorporated herein as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
|
Exhibits |
|
|
| 2 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: August 17, 2023 |
Laser Photonics Corporation |
|
|
|
|
|
|
|
By: |
/s/ Wayne Tupuola |
|
|
|
Wayne Tupuola |
|
|
|
CEO |
|
| 3 |
EXHIBIT 99.1
Laser Photonics Appoints Troy Parkos to its Board of Directors
Brings deep experience managing large industrial distribution networks
In combination with recent CFO hire, outstanding NASDAQ compliance items have been addressed
Orlando, FL August 17, 2023 – Laser Photonics Corporation (NASDAQ: LASE), (“LPC”), a leading global developer of CleanTech laser systems for laser cleaning and other materials applications, today announced Troy Parkos has been appointed to its board of directors, effective immediately. He will also serve as a member of the Company’s audit committee.
Wayne Tupuola, CEO of Laser Photonics commented: “I’d like to welcome Troy to the Laser Photonics board of directors. Troy brings significant experience as the lead regional executive for the largest region at Fastenal, a $7 billion industrial supply company that sells to OEMs, manufacturers and MRO customers. We believe his experience working with the procurement processes and supply chains of Fastenal’s customer base, as well as with large industrial distribution channels will be invaluable to LPC as we look to expand our CleanTech laser blasting pipeline and convert leads to orders. We’re excited to work with him.”
Parkos commented, “I’m pleased to join the Laser Photonics board, and leverage my wealth of experience working with industrial companies across a number of verticals. I see the huge potential LPC has in the years to come as it addresses the significant opportunity to disrupt existing corrosion controls processes with its CleanTech systems. I look forward to working with my peers on the board and Wayne and his team to create a successful organization for shareholders.”
Parkos has spent the past 26 years at Fastenal Company, progressively increasing responsibilities within sales and territorial executive roles. He currently has P&L responsibility for the entire Midwest Region of Fastenal, encompassing nearly 1000 employees.
Parkos holds bachelor’s of science degree in industrial technology management with a minor in sales and management from the University of Wisconsin-Platteville, where he graduated Magna Cum Laude.
| 1 |
Cautionary Note Concerning Forward-Looking Statements
This press release contains “forward-looking statements” (within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended), including statements regarding the Company’s plans, prospects, potential results and use of proceeds. These statements are based on current expectations as of the date of this press release and involve several risks and uncertainties, which may cause results and uses of proceeds to differ materially from those indicated by these forward-looking statements. These risks include, without limitation, those described under the caption “Risk Factors” in the Registration Statement. Any reader of this press release is cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this press release except as required by applicable laws or regulations.
About Laser Photonics Corporation
Laser Photonics is a vertically-integrated manufacturer and R&D Center of Excellence for industrial laser technologies and systems. LPC seeks to disrupt the $46 billion, centuries old, sand and abrasives blasting markets, focusing on surface cleaning, rust removal, corrosion control, de-painting and other laser-based industrial applications. LPC’s new generation of leading-edge laser blasting technologies and equipment also addresses the numerous health, safety, environmental, and regulatory issues associated with the old methods. As a result, LPC has quickly gained a reputation as an industry leader for industrial laser systems with a brand that stands for quality, technology and product innovation. Currently, world-renowned and Fortune 1000 manufacturers in the aerospace, automotive, defense, energy, industrial, maritime, space exploration and shipbuilding industries are using LPC’s “unique-to-industry” systems. For more information, visit www.laserphotonics.com.
Investor and Public Relations Contact:
laser@haydenir.com
| 2 |