Laser Photonics Corporation (LASE) Earnings Call Transcript & Summary

Greetings. Welcome to the Laser Photonics Corp. 2025 Annual Meeting of Stockholders Call. [Operator Instructions] Please note that this conference is being recorded. I would now like to turn the call over to your host for today's program, Wayne Tupuola President, CEO and Board Chairman. Wayne, please go ahead.

Good morning, and welcome to the Annual Shareholders Meeting of Laser Photonics Corp. I'm Wayne Tupuola, President, CEO and Board Chair, and I will be the Chairman of this meeting. Thank you for joining us today. We are excited to be hosting our virtual shareholder meeting, which allows more stockholders to attend via the web portal. Validated stockholders as of the November 10, 2025, record date may vote today. You will need the 16-digit proxy control number found on your proxy notice to vote. I would like to briefly introduce our other directors who are all attending the meeting today. Carlos M. Gonzalez has been a member of the Board since February 2024. Since August 2013, Mr. Gonzalez has served as Managing Director of Global Pangermex, LLC, a distributor of chemicals for the treatment of fruits and commercial seafood on a global basis, including through access to financial services such as insurance and financing. Mr. Gonzalez concurrently from October 2013 to July 2017 served as the International Trade Finance and Business Development Director for Unified Energy Solutions, Inc., a company assisting medium to large users of energy with planning, including financing products and services to provide economically feasible alternative green energy, sources of energy using only quality, U.S. or European made products. From April 2009 to September 2013, Mr. Gonzalez was the Business Development Director of Sfinkx Corp., a manufacturer of high-tech industrial laser equipment and photovoltaic energy generating equipment. Mr. Gonzalez retired from the U.S. Army with a rank of Major. Mr. Gonzalez is the Head of the Audit Committee and a member of the Compensation Committee and Nominating and Corporate Governance Committee. Troy Parkos joined our Board of Directors in August 2023. Since June 1994, Troy Parkos has been employed by Fastenal Company, a global distributor of wide-ranging industrial and construction products, having annual sales in 2022 of approximately $7 billion. Troy Parkos is the Head of the Nominating and Corporate Governance Committee and a member of the Audit Committee and the Compensation Committee. Tim Miller has just joined as a member of the Board on August 23, 2024. Tim Miller was Founder and CEO of Control Micro Systems, Inc., CMS, a pioneer in software controls development for laser machines that expanded to cover a wide range of laser-based manufacturing processes, including laser marking, cutting, drilling and welding and designing and building complete industrial laser systems for a global customer base. Mr. Miller had 4 patents granted by the USPTO in aspects of laser manufacturing. By the time of its sale for over $10 million in 2019 to 600 Group, PLLC, a company that until April 2024 was listed on the AIM market of the London Stock Exchange. CMS had grown without any third-party financing to over 55 employees with annual revenues over $10 million operating in a 40,000 square foot facility. Tim Miller is the Head of the Compensation Committee and a member of the Audit Committee and the Nominating and Corporate Governance Committee. I would also like to introduce our other Executive Officer, Carlos Sardinas, who is our CFO and Secretary and has been with the company since April 8, 2024. Also with us today is Ernest Stern, our Corporate and Securities Counsel, who is a partner with CM Law PLLC. We will conduct our annual meeting with a balloting first, followed by a report on the voting, then the meeting will be adjourned. Carlos Sardinas will address any procedural issues that may arise. Carlos will establish that the meeting has been duly called and that a quorum is present.

Thank you, Wayne. This meeting is being held pursuant to the printed notice mail beginning on November 19, 2025, to each shareholder of record at the close of business on November 10, 2025. The Board fixed November 10, 2025, as our record date for determining shareholders entitled to vote at this meeting. We have the confirmation of Equiniti, our transfer agent that holders of more than 50% of the shares of the company's common stock outstanding at that date are present by proxy. Accordingly, a quorum is present for purposes of transacting business. A copy of the notice has been placed in the corporate minute book. I will also serve as the Inspector of Elections for this meeting. Since notice was properly given and a quorum is present, I declare the meeting is formally opened. You will need the 16-digit proxy control number found on your proxy notice to vote. Please note that this meeting is being recorded. However, no one attending via the webcast or telephone is permitted to use any audio recording device. We will consider and vote on the matters stated. Proposal 1, election of directors. I move to vote on the first proposal on the agenda. Election of 4 individuals of the company's Board of Directors -- to the company's Board of Directors. The current Board of Directors nominated 4 individuals to be the directors of the company for a 1-year term. Wayne Tupuola, Carlos Gonzalez, Troy Parkos and Tim Miller. The elected directors will begin their term at the end of this meeting and will hold the position until their successors have been elected and qualified at next year's annual meeting. Proposal 2, ratify the selection of M&K CPAs, PLLC as the company's independent registered public accounting firm. I now move to vote for the second proposal on the agenda to ratify the selection of M&K CPAs, PLLC as the company's independent registered public accounting firm for the current fiscal year. It's 11:15 a.m. Eastern Time on December 30, and the polls are now open. Any shareholder who hasn't yet voted or wishes to change their vote may do so by clicking on the voting button on the web portal and following the instructions there. You will need your 16-digit proxy control number from your proxy notice to be able to vote. Shareholders who have sent in proxies are voted via telephone or Internet and do not want to change their vote, do not need to take any further action. [Voting]

Now that everyone has had the opportunity to vote, I declare the polls for the 2025 Laser Photonics Corp. Annual Shareholders Meeting closed at 11:59 a.m. Eastern Time on December 30, 2025. Inspector of Elections, do we have the preliminary voting results?

We do. The preliminary vote report on Proposal 1 shows all nominees for election to the Board have been duly elected. Proposal 2, to ratify the selection of M&K CPAs, PLLC as the company's independent registered public accounting firm for the current fiscal year has been approved. We will be reporting the final vote results in a Form 8-K following confirmation of the votes entered at the meeting today.

Thank you. There being no further business to come before the meeting, the 2025 Annual Meeting of Shareholders of Laser Photonics Corp., is now adjourned.

This concludes today's conference, and you may disconnect at this time. Thank you for your participation.