Lightwave Logic ends consulting agreement with board member Siraj Nour El-Ahmadi

Lightwave Logic, Inc. (NASDAQ:LWLG) has terminated its consulting agreement with Siraj Nour El-Ahmadi, a member of the company’s board of directors. According to a press release statement included in a recent SEC filing, the agreement, which began on December 11, 2024, will end effective December 31, 2025.

Under the consulting agreement, Mr. El-Ahmadi provided engineering and technical services to Lightwave Logic as Acting Vice President of Engineering. The original contract was set for six months and renewed automatically each month unless terminated by either party with thirty days’ notice after the initial three-month period.

The company stated that the decision to terminate the agreement was due to the recent hiring of multiple product and engineering executives, which removed the need for the consulting services previously provided by Mr. El-Ahmadi. Despite the termination of the consulting arrangement, Mr. El-Ahmadi will continue to serve on Lightwave Logic’s board of directors.

Lightwave Logic, Inc. is incorporated in Nevada and its shares are listed on the Nasdaq Stock Market under the symbol LWLG. This information is based on a press release statement included in the company’s Form 8-K filing with the Securities and Exchange Commission.

In other recent news, Lightwave Logic, Inc. announced a technical program launch with a second Fortune Global 500 company, focusing on Co-Packaged Optics applications for AI networking. This collaboration, which extends through the first half of 2026, aims to develop a custom variant of the company’s Perkinamine electro-optic polymer material optimized for AI manufacturing conditions. The unnamed Fortune Global 500 company has advanced to Stage 3 of Lightwave Logic’s design cycle, moving from product design to a formal engineering program. Key milestones for 2026 include the building, processing, and testing of Silicon Photonics PICs enhanced with electro-optic polymers. Additionally, Lightwave Logic confirmed that its Perkinamine platform is unaffected by recent Chinese export restrictions on rare-earth elements and magnets, emphasizing its independence from geopolitically sensitive supply chains. In corporate developments, CEO Yves LeMaitre has extended his contract through December 31, 2028, while CFO and COO Jim Marcelli will retire at the end of 2025. The company has initiated a search for Marcelli’s successor as he continues in his role through the end of the year.

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