LASE Corp. announced the appointment of two new directors to its Board of Directors, filling two existing vacancies. The appointments became effective on November 3, 2026.
Timothy A. Peterman, the Company’s current Chief Financial Officer, has been appointed as a director. Mr. Peterman brings more than three decades of leadership experience across publicly traded technology, media, and telecommunications companies. His background includes serving as Chief Executive Officer of iMedia Brands, Inc., a Nasdaq-listed company, from 2019 to 2023. He previously held senior finance positions at The E.W. Scripps Company, IAC/InterActiveCorp, and The Tribune Company. Mr. Peterman began his career at KPMG in Chicago and holds a Bachelor of Science in accounting from the University of Kentucky.
Sanjay Adhav, President of Quantum Technology, Inc., has also been appointed as a director. Mr. Adhav has over four decades of experience in the design and manufacture of patented quantum components based on non-linear crystals and Pockels effects. Since 2013, he has led Quantum Technology, Inc., which develops electro-optical devices for advanced directed-energy systems. He holds a Bachelor of Science degree in Electrical Engineering from the University of Toronto and has co-authored technical research published in Applied Optics and Applied Physics Letters.
The Company stated that there are no arrangements or understandings between the appointees and any other person regarding their appointments. Both directors will hold office in accordance with the Company’s Certificate of Incorporation and Bylaws.
