On October 4, 2021, Precision Optics Corporation, Inc. closed on an asset purchase agreement with Lighthouse Imaging, LLC and Anania & Associates Investment Company, LLC for substantially all of the assets of Lighthouse Imaging, LLC.
As part of the Lighthouse acquisition, on October 4, 2021, the company agreed with the seller that Mr. Peter Anania or another person named by Lighthouse will join Board for a minimum term of three years. On October 6, 2021, the Board appointed Mr. Peter V. Anania as a class II director for a three-year term or until his successor is duly elected or qualified.