Lightwave Logic, Inc. Announces Retirement of President Thomas E. Zelibor
Lightwave Logic (NASDAQ:LWLG) announced that President Thomas E. Zelibor will retire effective December 31, 2025, citing personal reasons.
Rhea-AI Summary
Lightwave Logic (NASDAQ:LWLG) announced that President Thomas E. Zelibor will retire effective December 31, 2025, citing personal reasons. CEO Yves LeMaitre will assume the combined roles of CEO and President on January 1, 2026.
During his recent tenure, Zelibor led operational initiatives to ready the company for commercial scale-up, including implementing processes to ensure material reliability and compatibility with industry standards and acquiring equipment to support future volume production. Zelibor previously served as CEO (2011–2017) and Board Chair (2011–2022).
Positive
- Succession plan: CEO Yves LeMaitre to assume President role on Jan 1, 2026
- Operational setup: Implemented processes to ensure material reliability and compatibility
- Manufacturing readiness: Acquired equipment to support future volume production
Negative
- Leadership change: President Thomas Zelibor to retire effective Dec 31, 2025
- Knowledge gap risk: Loss of Zelibor's operational experience following his retirement
Details
News Market Reaction – LWLG
In the Dec 9 session, LWLG gained 1.98%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- Q3 2025 Net Sales
- $29,166
- Net sales for Q3 2025 per 10-Q
- YTD 2025 Net Sales
- $77,688
- Net sales year-to-date 2025
- Q3 2025 Net Loss
- $5,100,559
- Net loss for Q3 2025
- Q3 2025 EPS
- $(0.04) per share
- Earnings per share for Q3 2025
- Q3 2025 R&D Expense
- $2,917,473
- Research and development expense in Q3 2025
- Q3 2025 G&A Expense
- $2,290,839
- General and administrative expense in Q3 2025
- Cash & Equivalents
- $34,942,070
- Cash and cash equivalents as of Sept 30, 2025
- Equity Raised via ATM
- $13,870,294
- Proceeds from 4,673,694 shares sold under ATM in Q3 2025
Historical Context
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President retirement with CEO assuming President role from Jan 2026.
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New technical program with second Fortune Global 500 customer for EO polymers.
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CEO attending Roth Technology Conference and investor meetings in New York.
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Announcement of investor update call and webcast with Q&A session.
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Fortune Global 500 partner advancing to Stage 3 in Design Win Cycle.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
electro-optic (EO) polymers technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
CEO Yves LeMaitre to assume President role
ENGLEWOOD, COLORADO / ACCESS Newswire / December 8, 2025 / Lightwave Logic, Inc. (NASDAQ:LWLG) (the "Company"), a technology platform company leveraging its proprietary electro-optic (EO) polymers to transmit data at higher speeds with less power in a small form factor, announced today that President Tom Zelibor has informed the Company of his intention to retire from his position, effective December 31, 2025, citing personal reasons. Yves LeMaitre will become the CEO and President of the Company on January 1, 2026.
During his tenure, Mr. Zelibor successfully led operational initiatives to position the Company for commercial scalability. This included the implementation of processes and workstreams to ensure the reliability and compatibility of the Company's material with industry standards as well as the acquisition of equipment to support future volume production. Mr. Zelibor also served as Lightwave Logic's CEO from 2011-2017 and Board Chair from 2011-2022.
"Tom came out of retirement at a critical time for the Company and played an invaluable role helping to reposition Lightwave Logic for commercial success," said Yves LeMaitre, CEO of Lightwave Logic. "Tom's efforts over the past year have strengthened our internal systems and laid the groundwork for the planned scale-up of our manufacturing operations. I would like to personally thank him for his hard work, dedication and years of service to the Company, and we wish him all the best in his well-deserved retirement."
Mr. Zelibor said, "It has been a privilege to return to Lightwave Logic during such an exciting period. With a clear mission and defined goals, I'm proud of what we've accomplished, and I now feel it is the right time to devote more attention to my family. I want to thank the Board and Yves for their trust and confidence, as well as the entire Lightwave team for their hard work and dedication over the past year. I look forward to watching the Company's continued success."
About Lightwave Logic, Inc.
Lightwave Logic, Inc. (NASDAQ:LWLG) www.lightwavelogic.com is a technology platform company leveraging its proprietary engineered electro-optic (EO) polymers to transmit data at higher speeds with less power in a small form factor. The Company's high activity and high stability organic polymers allow it to create next-generation photonic EO devices that convert data from electrical signals into light/optical signals for applications in telecommunications, and for data transmission potentially used to support generative AI.
Safe Harbor Statement
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, lack of available funding; general economic and business conditions; competition from third parties; intellectual property rights of third parties; regulatory constraints; changes in technology and methods of marketing; delays in completing various engineering and manufacturing programs; changes in customer order patterns; changes in product mix; success in technological advances and delivering technological innovations; shortages in components; production delays due to performance quality issues with outsourced components; those events and factors described by us in Item 1.A "Risk Factors" in our most recent Form 10-K and 10-Q; other risks to which our company is subject; other factors beyond the company's control.
Contacts:
Ryan Coleman or Nick Teves
Alpha IR Group for Lightwave Logic
lwlg@alpha-ir.com
312-445-2870
SOURCE: Lightwave Logic
View the original press release on ACCESS Newswire
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