Company: MVIS
Filing Date: 2025-04-18
Form Type: PRE 14A
Source: 0001641172-25-005410
Chunk: 10

Company: MICROVISION, INC.
Filing Date: 2025-04-18
Form: PRE 14A
Chunk 10
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 new or vacant positions;                                        |
| ● | establishes policies with respect to the process by which our shareholders may recommend candidates for consideration for nomination as a director; |
| ● | assesses and monitors, with Board involvement, the performance of the Board; and                                                                    |
| ● | recommends directors for membership on Board Committee.                                                                                             |

Changes to the composition of the committee in 2024
included the appointment of Dr. Mark Spitzer as Chair to replace Judith Curran, and of Peter Schabert and Jada Smith as members. The Nominating
& Governance Committee met four times and took action by unanimous written consent one time during 2024.

Independence Determination

No director will be deemed to be independent unless
the Board affirmatively determines that the director has no material relationship with the company, directly or as an officer, share owner,
or partner of an organization that has a relationship with the company. The Board observes all criteria for independence set forth in
the Nasdaq listing standards and other governing laws and regulations.

In its annual review of director independence, the
Board considers all commercial, banking, consulting, legal, accounting, charitable, or other business relationships any director may have
with us, either directly or indirectly. As a result of its annual review, the Board has determined that all of the directors and proposed
nominees for director, with the exception of Mr. Sharma, are independent and we refer to them throughout this document as the Independent
Directors.

| 9 |

The Nasdaq listing standards have both objective tests
and a subjective test for determining who is an independent director. The objective tests state, for example, that a director is not considered
independent if such director is our employee, or is a partner in, or executive officer of, an entity to which we made, or from which we
received, payments in the current or any of the past three fiscal years that exceed the greater of 5% of the recipient’s consolidated
gross revenue for that year or $200,000. The subjective test states that an independent director must be a person who lacks a relationship
that, in the opinion of the Board, would interfere with the exercise of independent judgment in carrying out the responsibilities of a
director. None of the Independent Directors were disqualified from “independent” status under the objective tests. In assessing
independence under the subjective test, the Board took into account the standards in the objective tests and reviewed and discussed additional
information provided by the directors and us