Lightwave Logic Appoints Fred A. Graffam III as New Chief Financial Officer

Lightwave Logic announced the appointment of Fred A. Graffam III as its new Chief Financial Officer, effective July 20, 2026. Mr. Graffam brings over 20 years of public company financial leadership experience. In connection with the appointment, the company entered into an employment agreement with Mr. Graffam detailing his compensation and severance terms. Snizhana “Ana” Quan, who previously served as Principal Financial Officer, will now serve as Vice President of Finance and Corporate Controller.

Key Details

• Appointment: Fred A. Graffam III appointed Chief Financial Officer, effective July 20, 2026.
• Compensation Package: Includes a $450,000 annual base salary, a discretionary annual bonus up to 40% of base salary, a $70,000 sign-on cash bonus, and a sign-on equity award of restricted stock units valued at $2.4 million.
• Equity Vesting: The $2.4 million RSU award vests over four years, with 25% vesting on the first anniversary and the remainder vesting in equal quarterly installments over the following three years.