Laser Photonics Corporation (NASDAQ: LASE) has appointed Timothy A. Peterman to serve as Chief Financial Officer and Secretary, effective October 6, 2026. The company’s Board of Directors confirmed the appointment following a period where Mr. Peterman served as Acting CFO since September 8, 2026. In his permanent role, he will also serve as the principal financial officer and principal accounting officer.

On October 15, 2026, the company entered into an Employment Agreement with Mr. Peterman. The agreement has a term of three years, expiring on the third anniversary of the Effective Date, unless terminated sooner or extended as specified. Under the terms of the agreement, Mr. Peterman is entitled to an annual base salary of $300,000, subject to annual review by the independent members of the Board.

Compensation details include a discretionary bonus structure. For fiscal year 2026, the bonus is prorated based on the time served through December 31, 2026. For fiscal year 2027 and beyond, he is eligible for a discretionary annual bonus of up to 60% of his base salary, contingent upon the satisfaction of annual performance targets approved by the Board.

Mr. Peterman will also receive equity awards valued at 80% of his base salary, consisting of restricted stock units and performance stock units under the 2019 Stock Incentive Plan, subject to a three-year vesting period. Additionally, he is eligible for a one-time relocation payment of $80,000, subject to repayment terms if he resigns without cause or is terminated for cause prior to the third anniversary of his employment.

The filing outlines severance and benefits provisions. If terminated by the Company without cause after the first anniversary of the Effective Date, Mr. Peterman is entitled to nine months of base salary, COBRA premium reimbursement for one year, and any accrued but unpaid annual bonuses. The agreement also includes standard restrictive covenants, including a nine-month non-competition and non-solicitation period, as well as a five-year confidentiality obligation.

Mr. Peterman brings more than three decades of experience in public-company capital markets, SEC compliance, and mergers and acquisitions. His previous roles include serving as Chief Executive Officer of iMedia Brands and Chief Financial Officer at the same company, as well as senior finance positions at The E.W. Scripps Company and IAC/InterActiveCorp.