Applied Energetics appoints Warren Spector as VP of Finance

TUCSON, AZ - Applied Energetics, Inc. (OTCQB:AERG), a technology company whose stock has surged over 200% in the past six months and currently commands a market capitalization of approximately $459 million, has appointed Warren Spector as Vice President of Finance, according to a press release statement issued Monday.

Spector brings over 30 years of financial leadership experience to the ultrashort pulse directed energy and laser systems company. He most recently served as CFO for Crossroads Live Group, a producer of large-scale theatrical entertainment. According to InvestingPro data, Applied Energetics maintains impressive gross profit margins of 49% and holds more cash than debt on its balance sheet, though the company is not yet profitable.

His previous roles include Chief Financial Officer at Raycom Media, which was sold to Gray Television for $3.65 billion in 2018, and Senior Vice-President and CFO of Barrington Broadcasting Group until its 2013 sale to Sinclair Broadcast Group.

Spector also worked as Executive Vice President and Chief Operating Officer at Fisher Communications, where he led a team overseeing three operating subsidiaries generating over $300 million in revenue. He began his career at Price Waterhouse and is a certified public accountant in California (non-active).

"Warren is a trusted and accomplished finance leader with deep experience as chief financial officer across a number of diverse public and private businesses," said Chris Donaghey, CEO of Applied Energetics.

Spector holds a B.A. in Economics and an M.B.A. from the University of California at Los Angeles. He currently serves on the board of directors for a Disney Family Foundation, Brovo Spirits, and Crossroads Live Group.

Applied Energetics specializes in optical fiber-based ultrashort pulse laser technologies with applications in national security and commercial markets. The company holds 27 patents with 7 more pending. InvestingPro analysis indicates the stock is currently trading above its Fair Value, with a current price of $2.10 and strong momentum scores. Investors can access 10+ additional exclusive insights and detailed financial metrics through an InvestingPro subscription.

In other recent news, Applied Energetics, Inc. has expanded its Board of Directors to include two new members, Christopher Donaghey and Scott Andrews. The appointments were made effective immediately as of June 3, 2025, according to a recent SEC filing. Christopher Donaghey, who became the CEO of Applied Energetics in November 2024, brings over 20 years of strategic leadership experience from the aerospace, defense, and capital markets sectors. His appointment aligns with the company's strategy to integrate executive leadership with long-term governance. Scott Andrews, recognized for his leadership across various industries, is also the Chairman and CEO of Northern Contours, Inc. and serves on several other boards. Upon joining the board, Andrews received options to purchase up to 250,000 shares of common stock under the company's 2018 Incentive Stock Plan. These developments reflect the company's ongoing efforts to strengthen its governance and leadership capabilities.

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