Company: OCC
Filing Date: 2025-02-28
Form Type: DEF 14A
Source: 0001437749-25-005577
Chunk: 3

Company: OPTICAL CABLE CORP
Filing Date: 2025-02-28
Form: DEF 14A
Chunk 3
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2017 Stock Incentive Plan, as amended (the “2017 Plan” or the “2017 Stock Incentive Plan”), to reserve an additional 350,000 new Common Shares of the Company for issuance under the 2017 Plan, with no other modifications to the terms of the 2017 Plan |
|:----------------------------|:---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:---------------|:-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Voting                      | Shareholders as of the record date are entitled to vote. Each share of common stock is entitled to one vote for each director nominee and one vote for each of the proposals to be voted on. |     | ●              
 ●              | Ratification of Crowe LLP as our independent registered public accounting firm for fiscal year 2025                                                                                                                                                                                                                                                  
 Advisory vote on executive officer compensation                                                                                                                                                                                                                                                                                                      |
|                             |                                                                                                                                                                                              |     | ●              | Advisory vote on the frequency of future advisory votes on executive compensation                                                                                                                                                                                                                                                                    |
|                             |                                                                                                                                                                                              |     | ●              | Transact other business that may properly come before the meeting                                                                                                                                                                                                                                                                                    |

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| Voting Matters and Vote Recommendation |                                                                                                                                                                      |     |                |     |                                                                                                                                                                                                                                                                                                                                  |     |             |
| Item                                   |                                                                                                                                                                      |     | Board          
 recommendation |     | Reasons for recommendation                                                                                                                                                                                                                                                                                                       |     | More        
 information |
| 1.                                     | Election of 5 directors                                                                                                                                              |     | FOR            |     | The Board and the Nominating and Corporate Governance Committee believe that the 5 Board candidates possess the skills, experience, and diversity to effectively monitor performance, provide oversight, and advise management on the Company’s long-term strategy.                                                              |     | Page 6      |
| 2.                                     | Approval of the Second Amendment to the 2017 Stock Incentive Plan to reserve an additional 350,000 new Common Shares of the Company for issuance under the 2017 Plan |     | FOR            |     | The Board and Compensation Committee believe the use of stock incentives increases the personal financial interest that key employees and non-employee Directors have in the future success of the Company, aligning their interests with those of other shareholders and strengthening their desire to remain with the Company. 
 The 2017 Plan has 50,904 Common Shares remaining available for issuance, and the Board and the Compensation Committee believe it is important to have a reasonable number of Common Shares available in the 2017 Plan in the event