Company: CVGI
Filing Date: 2025-04-04
Form Type: PRE 14A
Source: 0001628280-25-016847
Chunk: 17

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-04-04
Form: PRE 14A
Chunk 17
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 December 16, 2024, or $2.41. |
| (2) |     | The aggregate number of shares of unvested restricted stock held by each of our non-employee directors, other than Mr. Niew, as of December 31, 2024 was 20,431 shares. The aggregate number of shares of unvested restricted stock held by Jeffrey S. Niew as of December 31, 2024 was 49,813 shares.                                                                                                                                                                                  |

Related Person Transactions Policy and Process

Our management monitors related party transactions for potential conflicts of interest situations on an ongoing basis. Under the Nasdaq Marketplace Rules, we are required to conduct a review of all related party transactions for potential conflict of interest situations on an ongoing basis, and all such transactions must be reviewed and approved by our Audit Committee or another independent body of the Board. Related parties means our directors, officers, 5% stockholders or the immediate family members of any of the foregoing. Our Code of Conduct provides that no director or executive officer may represent the interests of any party other than the Company (including personal interests) in any material transaction in which we and another party are involved.

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Proposal 2 –

Approval of the Amended and Restated Commercial Vehicle Group, Inc. 2020 Equity Incentive Plan

Conditioned on and subject to obtaining stockholder approval, our Board approved an amendment and restatement of the Commercial Vehicle Group, Inc. 2020 Equity Incentive Plan (the “Amended and Restated 2020 Equity Incentive Plan”) to (i) increase the number of authorized shares that can be awarded under the plan to the officers, employees and consultants of the Company or any of its subsidiaries and any non-employee director of the Company by [1,800,000] shares, (ii) eliminate the reuse of shares withheld or delivered to satisfy the exercise price or tax withholding requirements of stock options, stock appreciation rights and restricted stock (including any shares not issued as a result of the net-settlement of a stock-settled stock appreciation rights), and (iii) clarify the one-year minimum restrictions on awards under the Amended and Restated 2020 Equity Incentive Plan. Shareholder approval of the Amended and Restated 2020 Equity Incentive Plan also will constitute re-approval of the material terms of the 2020 Equity Incentive Plan for purposes of the approval requirements of Section 162(m