06/25/2026 | Press release | Distributed by Public on 06/25/2026 08:25
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On June 24, 2026, the Registrant ("Laser Photonics") entered into a Termination Agreement with The CFO Portal, LLC (the "CFO Portal") that had been engaged by Laser Photonics under the terms of a May 7, 2026, Master Services Agreement ("MSA") under which Roman Franklin, the founder and Chief Executive Officer of the CFO Portal, had agreed to serve as Principal Financial Officer of the Company for an initial six month term. The Termination Agreement provides customary termination provisions for persons formerly serving in executive positions and under which Mr. Franklin received a payment of $50,000 for waiving certain termination and insurance provisions of the MSA.
The Board of Directors of Laser Photonics has, appointed Ralph Venegas, currently VP of Finance & Reporting at Fonon Quantum Technologies, Inc. ("FQTI"), as Principal Financial Officer and Acting Chief Financial Officer of Laser Photonics.
Mr. Venegas, age 54, joined FQTI on February 18, 2026. Prior to FQTI, since March 2024 Mr. Venegas was Financial Controller and Acting CFO of Summit Aerospace, Inc. From October 2023 to March 2024, Mr. Venegas provided fractional CFO services and from April 2013 to July 2023 he was Audit Director & Outsourced Accounting Director for Brody and Associates, a regional public accounting firm. From August 2011 to January 2013, Mr. Venegas was Controller of Domus LLC, a home building company. Prior to his role with Domus LLC, Mr. Venegas was an Audit Manager for public companies at Berkovits Lago & Co. from June 2008 to July 2010 and Audit Supervisor with Weinberg & Company from August 2003 to May 2008 and with KPMG from September 2000 to June 2003. Mr. Venegas received his AB in Accounting from the Universidad La Salle and his Maser of Accounting from Nova Southeastern University.