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ENGLEWOOD, CO—Lightwave Logic, Inc. (NASDAQ:LWLG), specializing in miscellaneous plastic products, announced the results of shareholder voting from its Annual Meeting held on May 15, 2025. The company, which is incorporated in Nevada and has its executive offices in Englewood, CO, confirmed the election of directors and other significant proposals as detailed in its recent SEC Form 8-K filing. According to InvestingPro data, LWLG maintains a strong liquidity position with a current ratio of 16.6, though its overall financial health score indicates some challenges.
Shareholders elected Ronald A. Bucchi and Craig Ciesla to serve on the Board of Directors until the 2028 Annual Meeting. Votes for Bucchi totaled 27,622,666, with 10,288,969 withheld and 26,274,130 broker non-votes. Ciesla received 27,249,583 votes for, 10,662,052 withheld, and the same number of broker non-votes.
Additionally, the appointment of Stephano Slack LLP as the company’s independent registered public accounting firm for fiscal year 2025 was ratified with 60,933,933 votes for, 1,578,464 against, and 1,673,308 abstentions. The company’s financial position shows more cash than debt on its balance sheet, though it remains unprofitable over the last twelve months with an EBITDA of -$20.5 million.
The proposals also included approval of the Company’s 2025 Equity Incentive Plan. The plan was approved with 26,946,343 votes for, 8,268,916 against, 2,696,376 abstentions, and 26,274,130 broker non-votes.
The report, filed on May 19, 2025, also included an exhibit: Cover Page Interactive Data File, which is embedded within the Inline XBRL document.
This information is based on a press release statement. Lightwave Logic, Inc. has not provided any commentary on the significance of these events or their potential impact on the company’s future operations. The stock has shown significant volatility, with a 29% return over the last week despite a 54% decline over the past six months. Discover more insights and 12 additional key metrics with InvestingPro’s comprehensive analysis tools.
In other recent news, Lightwave Logic has made several significant announcements that are of interest to investors. The company introduced a Process Design Kit (PDK) for integrating its electro-optic (EO) polymers into Silicon Photonic Integrated Circuits (Si-PICs), aiming to enhance data transmission rates and power efficiency. This development is crucial for high-performance devices and has already been used in collaborations with semiconductor foundries. Additionally, Lightwave Logic has expanded its leadership team with the appointment of Dr. Robert Blum as Senior Vice President of Sales and Marketing, who brings extensive experience in the semiconductor and photonics industry.
In regulatory developments, Lightwave Logic filed a prospectus supplement with the SEC for the registration of shares of common stock, under a purchase agreement with Lincoln Park Capital Fund, LLC. This filing is part of a Shelf Registration Statement, indicating the company’s ongoing financial activities and regulatory compliance. Furthermore, Lightwave Logic announced an expanded collaboration with Polariton Technologies AG to integrate their electro-optic polymer materials with Polariton’s plasmonic circuits. This partnership aims to overcome bandwidth limitations, potentially achieving transmission speeds up to 800 Gb/s per lane.
The collaboration with Polariton is expected to facilitate the faster adoption of these technologies in semiconductor fabrication plants. These recent developments underscore Lightwave Logic’s strategic efforts to enhance its market position and technological capabilities in the data transmission and AI sectors.
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