Company: LIDRW
Filing Date: 2025-04-07
Form Type: DEFC14A
Source: 0001140361-25-012590
Chunk: 36

Company: AEye, Inc.
Filing Date: 2025-04-07
Form: DEFC14A
Chunk 36
---
 during income tax audits or inquiries. The Audit Committee has determined that the non-audit services rendered by Deloitte were compatible with maintaining its independence. All such non-audit services were pre-approved by the Audit Committee pursuant to the pre-approval policy set forth below.

20

TABLE OF CONTENTS Audit Committee Pre-Approval Policies and Procedures The Audit Committee reviews the independence of our independent registered public accounting firm on an annual basis and has determined that KPMG is independent. In addition, the Audit Committee pre-approves all work and fees that are performed by our independent registered public accounting firm. Vote Required For Approval Approval of Proposal 2 requires the affirmative vote of a majority of the shares entitled to vote and present in person or represented by proxy at the Annual Meeting. Abstentions are considered shares present and entitled to vote on this proposal and, thus, will have the same effect as a vote “AGAINST” this proposal. Recommendation of the Board of Directors A majority of our Board of Directors recommends that you vote on the WHITEuniversal proxy card “FOR” the ratification of the appointment of KPMG LLP as the independent registered public accounting firm for the Company for the fiscal year ending December 31, 2025. 21 TABLE OF CONTENTS PROPOSAL 3 APPROVAL OF AN INCREASE IN THE NUMBER OF SHARES OF COMMON STOCK ISSUABLE UNDER OUR 2021 EQUITY INCENTIVE PLAN Our Board of Directors has approved, and is asking stockholders to approve, an amendment to our Amended and Restated 2021 Equity Incentive Plan (the “2021 Equity Plan”) to increase the number of shares of common stock available for issuance under the 2021 Equity Plan by 2,500,000 shares (the “Equity Plan Amendment”). As of April 4, 2025, the number of shares of common stock available for issuance under the 2021 Equity Plan was 648,786, and we anticipate that these shares will be fully allocated to grants for our employees, including our named executive officers, for purposes of retention and to reward exceptional performance during the 2025 fiscal year. We face intense competition in recruiting high-quality personnel, and in retaining our employees. The Board of Directors continues to believe that stock-based incentives are an important factor in attracting, retaining, and awarding officers, employees, and consultants by closely aligning their interests with those of our stockholders. Our Board of Directors believes that increasing the number of shares available for issuance under the 2021