Company: CPSH
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001437749-25-008032
Chunk: 38

Company: CPS TECHNOLOGIES CORP/DE/
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 38
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 to respond to appropriate questions and make a statement if he or she so desires.

Fees

Audit Fees. The aggregate fees billed by PKFOD for professional services rendered for the audit of the Company’s annual financial statements for fiscal 2024 were approximately $93,150. Fees billed by Wolf for the reviews of the financial statements for the Company’s quarterly 10-Q reports during fiscal year 2024 was approximately $60,039. Wolf’s fees were approximately $171,147 for the 2023 audit and reviews.

Audit-Related Fees.No fees were billed by PKFOD for assurance and related services that were reasonably related to the performance of its audit or review of the Company’s financial statements for fiscal years 2024 and 2023. Wolf billed $53,000 for fees involved for the transition of work to PKFOD in 2024.

Tax Fees.No fees were billed by PKFOD or Wolf for services rendered for tax compliance, tax advice and tax planning.

All Other Fees.In addition to the above, no additional fees were billed by PKFOD or Wolf in 2024, other than $8,500 by Wolf for CPS’ S-3 filing.

Pre-Approval Policies

The Audit Committee approves the audit and permissible non-audit services performed by the Company’s independent registered public accounting firm, and any other accounting firm, in order to ensure that the provision of such services does not impair such firm’s independence, in appearance or fact. In fiscal year 2024, the Audit Committee pre-approved all such services performed by PKFOD and Wolf.

Ratification

Stockholder ratification of the appointment of the Company’s independent registered public accounting firm is not required by the Company’s By-laws or otherwise but is being done as a matter of good corporate governance. If stockholders fail to ratify the selection, the Audit Committee will reconsider this selection. Even if the selection is ratified, the Audit Committee in its discretion may direct the appointment of a different independent registered public accounting firm at any time during the year if it determines that such a change would be in the best interests of the Company and its stockholders.

The affirmative vote of the holders of a majority of the shares of Common Stock voting on the matter is required for the ratification of the selection of the independent registered public accounting firm. Abstentions and broker non-votes will not be included in the totals for the proposal, and will have no effect on the outcome of the vote.

THE BOARD RECOMMENDS A VOTE