LASE Laser Photonics Corporation

 

 

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 30, 2024

 

Laser Photonics Corporation

(Exact name of registrant as specified in its charter)

 

Delaware		001-41515		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

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class		Trading Symbol		Name of exchange on which registered
Common Stock		LASE		The NASDAQ Stock Market LLC

 

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))

 

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 5.07 - Submission of Matters to a Vote of Security Holders.

 

Our 2024 annual meeting of stockholders was held on August 30, 2024. At the annual meeting our stockholders: (a) elected four directors to serve until the next annual meeting of stockholders and until their successors are duly elected and qualified; and (b) ratified the Board of Directors’ selection of M&K CPAS, PLLC as our independent registered public accountants to audit our financial statements for the 2024 fiscal year.

 

There were 12,270,427 shares of our common stock, par value $0.001 per share, outstanding and eligible to vote at the annual meeting as of the close of business on July 1, 2024, the record date for determining stockholders entitled to vote at the meeting. There were 8,802,706 shares of common stock, or 71.74% of the shares of common stock outstanding and entitled to vote at the annual meeting, represented at the meeting either in person or by proxy. The following tables show the votes cast by our stockholders and any abstentions with respect to the matters presented to stockholders for a vote at the meeting. Information is also provided as to broker non-votes. A “broker non-vote” occurs when a stockholder whose shares are held in “street name” in a brokerage account or similar account does not instruct the stockholder’s broker or other nominee in whose name the shares are registered how to vote on a matter as to which brokers and nominees are not permitted to vote without instructions from their client.

 

Election of Directors

 

Each of the following nominees were elected as directors by the following vote:

 

Nominee		Votes For		Votes Withheld
Wayne Tupuola		8,722,693		9,477
Tim Miller		8,714,333		17,837
Troy Parkos		8,714,420		17,750
Carlos M. Gonzalez		8,710,892		21,278

 

In addition, there were 70,536 broker non-votes with respect to the election of each of the above director nominees.

 

Ratification of Appointment of Independent Registered Public Accountants

 

The appointment of M&K CPAS, PLLC as our independent registered public accountants for the fiscal year ending December 31, 2024 was ratified by the following vote:

 

		Shares Voted
For			8,792,786
Against			9,818
Abstain			102

 

There were no broker non-votes on this matter.

 

Item 7.01. Regulation FD Disclosure.

 

On September 3, 2024, the registrant (“Laser Photonics”) issued a press release announcing the results of the votes cast at its annual meeting of stockholders as set forth in Item 507, above, of this Current Report on Form 8-K. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.

 

In accordance with General Instruction B.2 of this Current Report on Form 8-K, the information in this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by reference in such a filing. Furthermore, the furnishing of information under Item 7.01 of this Current Report on Form 8-K is not intended to constitute a determination by RDE that the information contained herein, including the exhibits hereto, is material or that the dissemination of such information is required by Regulation FD.

 

Item 9.01 - Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit Number		Description
99.1		Press Release dated September 4, 2024
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

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: September 4, 2024	LASER PHOTONICS CORPORATION
	By:	/s/ Wayne Tupuola
		Wayne Tupuola
		President and Chief Executive Officer

 

 

 

Exhibit 99.1

 

Laser Photonics Announces 2024 Annual Shareholder Meeting Results

 

ORLANDO, Sept. 4, 2024 – Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global industrial developer of laser systems for cleaning and other material processing applications, today announced results of its August 30, 2024 Shareholder Annual Meeting.

 

The company’s 4 director nominees (Wayne Tupuola, Tim Miller, Troy Parkos, Carlos M. Gonzalez) were re-elected to one-year terms expiring at the at the annual meeting of stockholders of the company in 2025, or until their successors are elected and qualified.

 

Shareholders also voted to ratify the selection of M&K CPAS as LPC’s independent registered public accounting firm for the 2024 fiscal year.

 

“We appreciate all our shareholders for their active involvement and continued support. The year 2023 brought both challenges and opportunities, allowing us to strategically position Laser Photonics for future advancements and growth. With the right products, team, and strategy, we are confident in achieving significant success in 2024 and beyond,” said Wayne Tupuola, CEO of LPC.

 

The final results have been verified by the independent inspector of elections.

 

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, maritime, nuclear and space industries are using Laser Photonics’ “unique-to-industry” systems. For more information, visit https://www.laserphotonics.com.

 

Investor Relations Contact:

laser@haydenir.com

 

Media Contact:

Karla Kizzort

Marketing Specialist

Laser Photonics Corporation

kkizzort@laserphotonics.com

 

 

 

 

v3.24.2.u1

Cover	Aug. 30, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Aug. 30, 2024
Entity File Number	001-41515
Entity Registrant Name	Laser Photonics Corporation
Entity Central Index Key	0001807887
Entity Tax Identification Number	84-3628771
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	1101 N. Keller Rd.
Entity Address, Address Line Two	Suite G
Entity Address, City or Town	Orlando
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	32810
City Area Code	(407)
Local Phone Number	804-1000
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock
Trading Symbol	LASE
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	true

---