Lightpath Technologies Inc 8-K, filed May 12, 2021
Lightpath Technologies Inc (LPTH)
8-K
2021-05-12
For: 2021-05-07
View Original
Added on
April 10, 2026
About this 8-K
Lightpath Technologies Inc filed this 8-K on May 12, 2021, reporting on events of May 7, 2021.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
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
May 7, 2021
Date of Report (Date of earliest event reported)
LIGHTPATH TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
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Delaware
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000-27548
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86-0708398
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(State or other jurisdiction of incorporation or
organization)
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(Commission File Number)
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(I.R.S. Employer Identification Number)
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2603 Challenger Tech Court, Suite 100
Orlando, Florida 32826
(Address of principal executive office, including zip
code)
(407) 382-4003
(Registrant’s telephone number, including area
code)
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:
☐ 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))
Securities registered pursuant to Section 12(b) of the
Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Class A Common Stock, par value $0.01
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LPTH
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The Nasdaq Stock Market, LLC
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Indicate
by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (17 CFR
§230.405) or Rule 12b-2 of
the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this
chapter).
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 providing
pursuant to Section 13(a) of the Exchange Act. ☐
LightPath
Technologies, Inc.
Form
8-K
Item 7.01 Regulation FD Disclosure.
On May
7, 2021, the Board of Directors (the “Board”) of
LightPath Technologies, Inc. (the “Company”) appointed
Mr. Louis Leeburg as Chairman of the Board, effective on May 11,
2021. Mr. Leeburg succeeds Mr. Robert Ripp, the former Chairman of
the Board who retired effective May 11, 2021.
On May
12, 2021, the Company issued a press release announcing Mr.
Leeburg’s appointment to Chairman of the Board. A copy of the
press release is attached as Exhibit 99.1 to this Current Report on
Form 8-K and is incorporated by reference herein. The information
in the press release shall not be deemed “filed” for
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 Securities Act of
1933, as amended, or the Exchange Act.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
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Exhibit No.
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Description
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Press Release dated May 12, 2021
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this Report to be signed in
its behalf by the undersigned, thereunto duly
authorized.
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LIGHTPATH TECHNOLOGIES, INC.
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Dated: May 12, 2021
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By:
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/s/ Albert Miranda
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Albert Miranda
Chief Financial Officer
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Exhibit 99.1
For Immediate Release
LightPath Technologies Appoints Louis Leeburg as
Chairman
ORLANDO,
FL – May 12, 2021 – LightPath
Technologies, Inc. (NASDAQ: LPTH) (“LightPath,”
the “Company,” or “we”), a leading
vertically integrated global
manufacturer and integrator of
proprietary optical
and infrared components and high-level
assemblies, today announced that Mr. Louis Leeburg has been
appointed as Chairman of the Board of Directors of LightPath,
succeeding Mr. Robert Ripp who retired, effective May 11,
2021.
“I
am honored to be appointed as Chairman of the Board of LightPath
Technologies,” said Louis Leeburg. “On behalf of the
entire Board and executive management team, we thank Bob for his 22
years of service as Chairman and his dedicated stewardship of the
Company. Consistent with the transition of vision and leadership we
began implementing under Bob, we are now well positioned, both
financially and strategically, to pursue a more value-added
approach to the global photonics industry where we progress from
simply providing optical components to offering comprehensive
engineered solutions. It is an exciting time to take an even more
active role in the future growth of LightPath.”
Sam
Rubin, CEO of LightPath, said, “We wish Bob well in his
retirement and appreciate the indelible mark he has made on the
Company. At the same time, I am very pleased that my fellow Board
member, Louis Leeburg, has been appointed as our new Chairman. Many
changes have been made to LightPath’s leadership since I was
appointed CEO approximately one year ago. With our diverse and
strong Board complementing the recent expansion of our management
team, we are provided with the framework to navigate the Company
toward the establishment of a more vital presence in the industry
and more profitable long term growth.”
Louis
Leeburg has served as a director of LightPath since May 1996,
including membership of the Company’s Audit and Compensation
Committees. Mr. Leeburg is a self-employed business consultant with
over 40 years of finance and investment management leadership
experience. He began his career as an audit manager for Price
Waterhouse & Co. Mr. Leeburg received a Bachelor of Science in
Accounting from Arizona State University. He was a longstanding
member of Financial Foundation Officers Group and the treasurer and
trustee for the John E. Fetzer Memorial Trust Fund during its 30
years of activity until being combined into the Fetzer Institute,
and was honored as a Lifetime Director of The Institute for Noetic
Sciences.
About LightPath Technologies
LightPath
Technologies, Inc. (NASDAQ: LPTH) is a leading global, vertically
integrated provider of optics, photonics and infrared solutions for
the industrial, commercial, defense, telecommunications, and
medical industries. LightPath designs and manufactures proprietary
optical and infrared components including molded glass aspheric
lenses and assemblies, infrared lenses and thermal imaging
assemblies, fused fiber collimators, and proprietary Black
DiamondTM (“BD6”)
chalcogenide-based glass lenses. LightPath also offers custom
optical assemblies, including full engineering design support. The
Company is headquartered in Orlando, Florida, with manufacturing
and sales offices in Latvia and China.
LightPath’s
wholly-owned subsidiary, ISP Optics
Corporation, manufactures
a full range of infrared products from high performance MWIR and
LWIR lenses and lens assemblies. ISP’s infrared lens assembly
product line includes athermal lens systems used in cooled and
un-cooled thermal imaging cameras. Manufacturing is performed
in-house to provide precision optical components including
spherical, aspherical and diffractive coated infrared lenses.
ISP’s optics processes allow it to manufacture its products
from all important types of infrared materials and crystals.
Manufacturing processes include CNC grinding and CNC polishing,
diamond turning, continuous and conventional polishing, optical
contacting and advanced coating technologies.
For
more information on LightPath and its businesses, please visit
www.lightpath.com.
Forward-Looking Statements
This press release includes statements that constitute
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements may be identified by the use of words
such as “forecast,” “guidance,”
“plan,” “estimate,” “will,”
“would,” “project,” “maintain,”
“intend,” “expect,”
“anticipate,” “prospect,”
“strategy,” “future,” “likely,”
“may,” “should,” “believe,”
“continue,” “opportunity,”
“potential,” and other similar expressions that predict
or indicate future events or trends or that are not statements of
historical matters, and include, for example, statements related to
the expected effects on the Company’s business from the
COVID-19 pandemic. These forward-looking statements are based on
information available at the time the statements are made and/or
management’s good faith belief as of that time with respect
to future events, and are subject to risks and uncertainties that
could cause actual results to differ materially from those
expressed in or suggested by the forward-looking statements.
Factors that could cause or contribute to such differences include,
but are not limited to, the duration and scope of the COVID-19
pandemic and impact on the demand for the Company products; the
ability of the Company to obtain needed raw materials and
components from its suppliers; actions governments, businesses, and
individuals take in response to the pandemic, including mandatory
business closures and restrictions on onsite commercial
interactions; the impact of the pandemic and actions taken in
response to the pandemic on global and regional economies and
economic activity; the pace of recovery when the COVID-19 pandemic
subsides; general economic uncertainty in key global markets and a
worsening of global economic conditions or low levels of economic
growth; the effects of steps that the Company could take to reduce
operating costs; the inability of the Company to sustain profitable
sales growth, convert inventory to cash, or reduce its costs to
maintain competitive prices for its products; circumstances or
developments that may make the Company unable to implement or
realize the anticipated benefits, or that may increase the costs,
of its current and planned business initiatives; and those factors
detailed by LightPath Technologies, Inc. in its public filings with
the Securities and Exchange Commission, including its Annual Report
on Form 10-K for the year ended June 30, 2020. Should one or more
of these risks, uncertainties, or facts materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those indicated or anticipated by the
forward-looking statements contained herein. Accordingly, you are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date they are made.
Forward-looking statements should not be read as a guarantee of
future performance or results and will not necessarily be accurate
indications of the times at, or by, which such performance or
results will be achieved. Except as required under the federal
securities laws and the rules and regulations of the Securities and
Exchange Commission, we do not have any intention or obligation to
update publicly any forward-looking statements, whether as a result
of new information, future events, or otherwise.
Investor
Relations Contact for LightPath:
Jordan Darrow
Darrow Associates, Inc.
Tel:
512-551-9296
jdarrow@darrowir.com