On August 24, 2022, Thomas E. Zelibor tendered his resignation as Chair of the Board of Lightwave Logic, Inc. effective October 1, 2022. Mr. Zelibor's resignation is not a result of any disagreement between himself and the company, its management, the company's Board of Directors (the Board") or any committee of the Board. On August 25, 2022, the Board passed a resolution whereby Mr. Zelibor will remain with the company as an advisor to Dr. Michael Lebby, the Company's Chief Executive Officer, effective October 1, 2022 through December 31, 2022.

On August 25, 2022, the Board elected Dr. Michael Lebby to serve as Chair of the Board effective October 1, 2022. Dr. Lebby will receive no additional compensation at this time for serving as Chair of the Board. On August 25, 2022, the Board elected Siraj El-Ahmadi, a current Board member, to the Board's Audit Committee effective October 1, 2022.

Mr. El-Ahmadi will receive no additional compensation at this time for his service on the Audit Committee.