PEYE Precision Optics

Filed: 10 Jun 21, 4:18pm









Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported) June 4, 2021



(Exact name of registrant as specified in its charter)


Massachusetts 001-10647 04-2795294
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)


22 East Broadway, Gardner, Massachusetts 01440
(Address of principal executive offices) (Zip Code)


(978) 630-1800

(Registrant’s telephone number, including area code)


Not applicable.

(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


☐            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


☐            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


☐            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


☐            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section 12(g) of the Act:


Title of each class Trading symbol(s) Name of each exchange on which registered
Common stock, $0.01 par value PEYE OTCQB


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐






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


On June 4, 2021, we awarded stock options to some of our employees, including our named executive officers, for their valuable services over the past year. The options have an exercise price of $1.68 per share which is the closing price on the date of grant. The options expire in 10 years and vest 50% on the grant date and 50% on the first anniversary of the grant date or upon change of control.


The number of options awarded per named executive officer is as follows:


-      Joe Forkey, Chief Executive Officer: 150,000;

-      Dan Habhegger, Chief Financial Officer, 80,000;

-      Divaker Mangadu, President of Ross Optical Division, 25,000.






Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



 Precision Optics Corporation, Inc.
Date: June 10, 2021By: /s/ Joseph N. Forkey
  Name: Joseph N. Forkey
Title: Chief Executive Officer