Konrad Dabrowski
About Konrad Dabrowski
Konrad Dabrowski (age 42) is a long-tenured finance executive at Innovative Eyewear, Inc. (LUCY), serving as CFO on a part-time basis from August 2019 to October 2024, then Co-CFO from October 2024, and transitioning to Chief AI and Growth Officer effective November 1, 2025, with no compensation changes disclosed at the time of the title change . He holds a Master’s in Finance and Banking from the Warsaw School of Economics and is a Certified Public Accountant; prior roles include CFO of Tekcapital (since July 2020), Group Controller at Tekcapital (2017–2020), Global Accounting Manager at Restaurant Brands International (2016–2017), and Audit Manager at Deloitte . Company-level performance during his tenure shows revenue increasing from $1.15M (FY23) to $1.64M (FY24) and EBITDA losses widening from -$6.82M* (FY23) to -$7.77M* (FY24) .
Values with asterisks retrieved from S&P Global.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Innovative Eyewear, Inc. | CFO (part-time); Co-CFO; Chief AI & Growth Officer | Aug 2019–Oct 2024 (CFO); Oct 2024–Nov 2025 (Co-CFO); Nov 2025–present (Chief AI & Growth Officer) | Built finance function pre- and post-IPO; transitioned to growth/AI mandate without pay change |
| Tekcapital plc | Chief Financial Officer | Jul 2020–present | Co-manages investment strategy; oversees reporting for portfolio companies, informing capital allocation discipline |
| Tekcapital plc | Group Controller | Jun 2017–Jul 2020 | Implemented group reporting controls; scaled finance operations across portfolio |
| Restaurant Brands International (Burger King, EMEA) | Global Accounting Manager | Mar 2016–Jun 2017 | Led accounting/tax projects across EMEA, strengthening operational finance rigor |
| Deloitte | Audit Manager | Prior to 2016 | Managed audits for public/private clients, deepening technical accounting expertise |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Tekcapital plc | Chief Financial Officer | Jul 2020–present | Dual-hatted role; Tekcapital (via Lucyd Ltd.) is a LUCY stockholder, creating information flow across entities |
Fixed Compensation
| Year | Base Salary ($) | Bonus ($) | All Other Compensation ($) | Total ($) |
|---|---|---|---|---|
| 2023 | 105,347 | - | - | 226,704 |
| 2024 | 97,794 | - | 6,502 | 412,240 |
| Employment Term | Detail |
|---|---|
| Agreement Date / Effective | Employment agreement entered Aug 11, 2021; effective Sep 1, 2021 |
| Time Commitment | Devotes 50% of business time to LUCY |
| Base Salary | $100,000 annually |
| Bonus | Discretionary; amount at the sole discretion of the Company |
| Term & At-Will | Continues unless terminated; at-will; 60-day notice required |
| Notice Pay | Entitled to base salary during 60-day notice period |
| Termination for Cause | Immediate, as defined in agreement |
Performance Compensation
Equity Awards (RSUs and Options)
| Type | Grant Date | Shares/Units | Fair Value ($) | Vesting Details | Notes |
|---|---|---|---|---|---|
| RSU | Dec 13, 2024 | 50,400 | 307,944 | 8,400 RSUs scheduled to vest within 60 days of June 30, 2025 | Remaining schedule not fully disclosed |
| Option | Jan 13, 2023 | 3,000 exercisable / 1,500 unexercisable | — | Time-based; current status as of 12/31/24 | $25.50 strike; expires Jan 13, 2028 |
| Option | Dec 18, 2023 | 4,000 exercisable / 2,000 unexercisable | — | Time-based; current status as of 12/31/24 | $9.00 strike; expires Dec 18, 2028 |
Option Exercises: No options exercised by executive officers in 2023 or 2024 .
Performance Metric Plan Design
- No disclosure of explicit performance metrics (e.g., revenue growth, EBITDA, TSR) tied to annual incentive payouts or PSU awards for Dabrowski; bonuses are discretionary .
Equity Ownership & Alignment
| Holder | Shares Beneficially Owned | % Outstanding | Breakdown |
|---|---|---|---|
| Konrad Dabrowski | 22,600 | <1% | Includes 5,700 common shares; 8,500 options exercisable within 60 days; 8,400 RSUs vesting within 60 days of June 30, 2025 |
- Shares Outstanding Basis: 4,574,602 as of June 30, 2025 .
- Pledging/Hedging: No explicit disclosure of pledging or hedging policies for executives in the proxy excerpts reviewed ; not found elsewhere in provided documents.
- Ownership Guidelines: Not disclosed for executives .
Employment Terms
| Provision | Details |
|---|---|
| Position History | CFO (part-time, Aug 2019–Oct 2024); Co-CFO (Oct 2024–Nov 2025); Chief AI & Growth Officer effective Nov 1, 2025 |
| Compensation Changes upon Title Change | No compensation changes disclosed upon transition to Chief AI & Growth Officer |
| Severance/COC | No severance multiples or change-of-control provisions disclosed for Dabrowski; at-will with 60-day notice pay |
| Clawback | Not disclosed |
| Non-compete / Non-solicit | Not disclosed |
| Garden Leave / Consulting | Not disclosed |
Performance & Track Record
Annual Operating Metrics
| Metric | FY 2023 | FY 2024 |
|---|---|---|
| Revenues ($) | 1,152,479 | 1,636,440 |
| EBITDA ($) | -6,815,285* | -7,774,316* |
Quarterly Operating Metrics (latest 4 quarters)
| Metric | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 |
|---|---|---|---|---|
| Revenues ($) | 690,688* | 454,501 | 579,230 | 668,128 |
| EBITDA ($) | -2,132,410* | -1,869,917* | -2,131,197* | -1,892,353* |
Values with asterisks retrieved from S&P Global.
Governance Touchpoints Relevant to Compensation
- Compensation Committee: Kristen McLaughlin (Chair) and Louis Castro; both independent per NASDAQ; committee administers the 2021 Equity Incentive Plan and does not delegate authority .
Insider Selling Pressure Indicators
- Options Exercises: None for executive officers in 2023 or 2024, limiting near-term sales from option exercise .
- RSU Near-Term Vesting: 8,400 RSUs scheduled to vest within 60 days of June 30, 2025 (potential incremental supply) .
- Form 144 Filings: Multiple Form 144 notices filed in 2025, but specific filers and amounts not available in accessible chunks; no direct attribution to Dabrowski in provided data .
Compensation Structure Analysis
- Shift in Pay Mix: 2024 awarded RSUs (50,400 units; $307,944 FV) with no 2024 option grant in the summary table, indicating an increased equity component via RSUs vs prior-year options .
- Option Overhang & Pricing: Outstanding options carry strikes of $25.50 and $9.00 expiring in 2028; prior disclosures show larger option counts at lower strikes ($1.28 and $0.45) in 2024 proxy (precorporate actions), indicating potential recapitalization/adjustments in share counts and exercise price scales over time .
- Guaranteed vs At-Risk: Base salary modest ($100,000 part-time) with discretionary bonus, suggesting high at-will flexibility and limited guaranteed cash compensation .
Equity Ownership & Alignment Details
| Component | Detail |
|---|---|
| Beneficial ownership | 22,600 shares; <1% of outstanding |
| Vested vs Unvested | As of 12/31/24: Options exercisable 7,000; unexercisable 3,500; RSUs 50,400 not vested (partial scheduled vesting within 60 days of 6/30/25) |
| Ownership guidelines | Not disclosed |
| Pledging/Hedging | Not disclosed |
Investment Implications
- Alignment: Low absolute ownership (<1%) and part-time historical commitment may weaken pay-for-performance alignment; RSUs provide some levered exposure, but near-term vesting (8,400 units) could add selling pressure absent explicit holding requirements .
- Retention Risk: At-will terms with minimal severance visibility and a dual-hatted role at Tekcapital indicate potential mobility; however, the November 2025 transition to Chief AI & Growth Officer without pay change suggests board confidence and a strategic focus on AI-driven growth .
- Trading Signals: No option exercises in 2023–2024 and higher strike options ($25.50; $9.00) reduce immediate in-the-money exercise incentives; watch RSU vesting cadence and any future Form 4/144 disclosures for supply dynamics .
- Governance: Independent compensation committee oversight is a positive; absence of disclosed clawback, ownership guidelines, and anti-pledging policies limits governance safeguards around alignment .