Company: OCC
Filing Date: 2025-02-18
Form Type: PRE 14A
Source: 0001437749-25-004188
Chunk: 20

Company: OPTICAL CABLE CORP
Filing Date: 2025-02-18
Form: PRE 14A
Chunk 20
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 Plan was approved by shareholders. At the time the original 2017 Plan was first approved in March 2017, it authorized 500,000 new shares of Common Shares for issuance under the original 2017 Plan, in addition to the remaining 36,903 Common Shares available under the Optical Cable Corporation Second Amended and Restated 2011 Stock Incentive Plan (the “2011 Plan”), and future forfeited Common Shares previously approved under the 2011 Plan. The original 2017 Plan replaced the 2011 Plan on March 28, 2017.

On March 29, 2022, the shareholders approved at the annual meeting of shareholders a First Amendment to the original 2017 Plan (the “First Amendment”) to authorize an additional 350,000 new Common Shares be authorized for issuance under the original 2017 Plan (as so amended by the First Amendment, the “2017 Plan” or the “2017 Stock Incentive Plan”).

The complete text of the original 2017 Plan, is included as Appendix A to the Company’s 2017 definitive Proxy Statement on Form 14A for the annual meeting of shareholders on March 28, 2017. The 2017 Plan is also incorporated by reference as exhibit 10.4 in the Company’s annual report on Form 10-K for fiscal year ended October 31, 2021. See http://www.sec.gov/Archives/edgar/data/1000230/000143774917004362/occ20170223_def14a.htm

The complete text of the First Amendment to the original 2017 Plan, is included as exhibit 10.16 to the Company’s quarterly report on Form 10-Q for quarterly period ended July 31, 2022. See https://www.sec.gov/Archives/edgar/data/1000230/000143774922022175/occ20220731_10q.htm

The summaries included herein are not intended to be a complete description of the 2017 Stock Incentive Plan and is qualified in its entirety by the actual text of the 2017 Plan located in the Company’s filings with the SEC as noted above.

Summary of the 2017 Stock Incentive Plan

The purpose of the 2017 Stock Incentive Plan is intended to secure for the Company, subsidiaries and its shareholders, the benefits arising from ownership of the Company’s Common Shares by the employees and other service providers of the Company and its