Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On July 22, 2022, the Board of Directors of the registrant (“Laser Photonics”) appointed Timothy Schick, CFA, age 56, to be its Vice President of Finance. Mr. Schick also serves as the principal financial officer and principal accounting officer of Laser Photonics. From August 2019 to July 2022, Mr. Schick served as the Head of Finance at Jupiter Marine International in Bradenton, Florida, where he oversaw that company’s accounting and accounts payable staff, as well as managed financial planning and analysis.  In addition, he was responsible for new model year cost and pricing, production scheduling, fixed asset accounting, work-in-process measurement and tracking, liability insurance administration, plant security, waste management planning and HAZMAT compliance. From June 2016 to August 2019 Mr. Schick was Director of Financial Planning & Analysis at Everglades Boats in Edgewater, Florida, where he installed and managed all new financial processes, including comprehensive planning, financial statement construction, budgeting, forecasting, reporting, analysis, key metric and performance dashboard design and development, work-in-process reporting and work order scheduling. From September 2013 to June 2016 Mr. Schick was Manager of Financial Planning & Analysis at Uni-Select/Auto Plus in Atlanta, Georgia performing similar functions as with Everglades Boats. Mr. Schick earned a Bachelor of Science in Aerospace Engineering from the United States Naval Academy, a Master of Science in Aeronautics & Astronautics from Massachusetts Institute of Technology and an MBA from the University of North Florida.

 In connection with his appointment as Vice President of Finance, Mr. Schick entered into an employment agreement under which he will receive an annual base salary of $80,000, an option under Laser Photonics’ 2019 Stock Incentive Plan to acquire 25,000 shares of Laser Photonics common stock that vests in equal amounts over a four-year period commencing with the anniversary date of his employment with accelerated vesting in the event of a change of control of Laser Photonics. The foregoing is a summary of the terms of the employment agreement with Mr. Schick and is qualified in its entirety by the Offer of Employment Agreement attached hereto and incorporated herein as Exhibit 10.1 to this Current Report on Form 8-K.