LWLG · Lightwave Logic, Inc. · Executive Compensation
$4.97
-0.14 (-2.74%)
At close · Oct 9
View the 10-Q filed May 15, 2026
Return incl. dividend (before tax)
Customer concentration
— top customer 10% of revenue
One customer — 10% of revenue (three months ended March 31, 2026 and 2025)
“Major Customers: for three months ended March 31, 2026 and 2025, one customer accounted for 10% or more of total revenue.”
Market Cap
$766.21M
Shares
154.17M
Volume · Oct 9
2.73M
Avg daily vol (3M)
2.93M
Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
Fiscal 2024
| Executive | Role | Total |
|---|---|---|
| Dr. Michael S. Lebby | CEO; Director | $832,095 |
| James S. Marcelli | President; CFO;COO; Sec., Director | $814,509 |
| Yves Le Maitre | CEO | $626,873 |
| Thomas Zelibor | President | $286,895 |
Fiscal 2023
| Executive | Role | Total |
|---|---|---|
| Dr. Michael S. Lebby | CEO; Director | $1,346,381 |
| James S. Marcelli | President; CFO;COO; Sec., Director | $1,108,385 |
Fiscal 2022
| Executive | Role | Total |
|---|---|---|
| Dr. Michael S. Lebby | CEO; Director | $1,459,996 |
| James S. Marcelli | President; COO; Sec., Director | $1,216,991 |
Fiscal 2021
| Executive | Role | Total |
|---|---|---|
| Dr. Michael S. Lebby | CEO; Director | $3,073,321 |
| James S. Marcelli | President; COO; Sec., Director | $3,034,845 |
Fiscal 2020
| Executive | Role | Total |
|---|---|---|
| Dr. Michael S. Lebby | CEO; Chair of the Board | $323,452 |
| James S. Marcelli | President; COO; Sec., Director | $306,867 |
Fiscal 2019
| Executive | Role | Total |
|---|---|---|
| Dr. Michael S. Lebby | CEO; Director | $315,601 |
| James S. Marcelli | President; COO; Sec., Director | $299,383 |
Fiscal 2018
| Executive | Role | Total |
|---|---|---|
| Dr. Michael S. Lebby | CEO; Director | $306,288 |
| James S. Marcelli | President; COO; Sec., Director | $252,355 |
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Edward Kennedy | Class I director | Appointed | 2026-09-29 |
| Fred Graffam | Chief Financial Officer | Appointed | 2026-07-20 |
| Fred A. Graffam III | Chief Financial Officer | Appointed | 2026-07-20 |
| James S. Marcelli | director | Retired | 2026-01-08 |
| James S. Marcelli | Chief Operating Officer | Retired | 2026-01-08 |
| James S. Marcelli | Chief Financial Officer | Retired | 2026-01-08 |
| Snizhana "Ana" Quan | Principal Accounting Officer | Appointed | 2026-01-08 |
| Snizhana "Ana" Quan | Principal Financial Officer | Appointed | 2026-01-08 |
| Yves LeMaitre | President | Appointed | 2025-12-08 |
| Tom Zelibor | President | Retired | 2025-12-08 |
| Jim Marcelli | member of the Board of Directors | Retired | 2025-09-16 |
| Jim Marcelli | Chief Operating Officer | Retired | 2025-09-16 |
| Jim Marcelli | Chief Financial Officer | Retired | 2025-09-16 |
| James S. Marcelli | member of the Board | Retired | 2025-09-16 |
| James S. Marcelli | Chief Operating Officer | Retired | 2025-09-16 |
| James S. Marcelli | Chief Financial Officer | Retired | 2025-09-16 |
| Fred Leonberger | member of the Board of Directors | Retired | 2025-01-02 |
| Michael Lebby | Chairman of the Board of Directors | Resigned | 2024-12-13 |
| Michael Lebby | Chief Executive Officer | Resigned | 2024-12-13 |
| Ronald Bucchi | Chairman of the Board | Appointed | 2024-12-13 |
| James S Marcelli | Chief Financial Officer and Chief Operating Officer | Appointed | 2024-12-13 |
| Thomas Zelibor | President | Appointed | 2024-12-13 |
| Yves LeMaitre | Chief Executive Officer | Appointed | 2024-12-13 |
| Thomas M. Connelly, Jr. | Class III director | Appointed | 2024-09-09 |
| Yves Le Maitre | Class I member of the Board | Appointed | 2024-07-22 |