Company: ELSE
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0000897101-25-000161
Chunk: 10

Company: ELECTRO SENSORS INC
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 10
---
 #2</div>

The Bylaws of the Company
provide that at each Annual Meeting, the shareholders will determine the number of directors, which must be at least one. The Nominating
Committee and the Board recommend that the number of directors be currently set at five and that five directors be elected at the
Annual Meeting to serve until the 2026 Annual Meeting or until their successors are duly elected and qualified. Under applicable
Minnesota law and the Bylaws of the Company, approval of the proposal to set the number of directors at five requires the affirmative
vote of the holders of a majority of the voting power of the shares present in person or by proxy at the Annual Meeting with authority
to vote on this matter.

The Nominating Committee
recommended and the Board selected the persons named below for election to the Board. All nominees are currently directors of the
Company. If, prior to the Annual Meeting, the Board determines that any of these nominees would be unable to serve as a director
after the Annual Meeting by reason of death, incapacity or other unexpected occurrence, the proxies will be voted for such substitute
nominee as the Board selects. The Board has no reason to believe that any of the following nominees will be unable to serve. The
Bylaws of the Company provide that directors will be elected by a plurality of the votes cast by holders of shares present in person
or by proxy and entitled to vote on the election of directors at a meeting at which a quorum is present.

The following table
sets forth the principal occupations (for at least the last five years) and directorships of the nominees:

| Name                | Principal Occupation and Directorships                                                                                                                           | Age | Director Since |
| David L. Klenk      | President, CEO, and CFO of the Company since 2013                                                                                                                |  60 |           2013 |
| Joseph A. Marino    | President and CEO of Cardia, Inc. (a medical equipment manufacturer) since 1998                                                                                  |  73 |           1994 |
| Scott A. Gabbard    | Retired, Finance executive from 2000 through 2021. CFO and COO of Magenic Technologies, Inc. (a software consulting organization) from April 2006 to August 2021 |  58 |           2013 |
| Jeffrey D. Peterson | Private investor since 1998. Previously employed by John G. Kinnard and Company, a regional brokerage firm                                                       |