Company: BKTI
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001437749-25-012867
Chunk: 57

Company: BK Technologies Corp
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 57
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 manager of FG Holdings. Principals of FG serve on the board of directors of portfolio companies and receive compensation for their service. On January 25, 2024, the Company redeemed its Series B common membership interests of, and withdrew from, FG Holdings, in exchange for 52,000 shares of the Company’s common stock, with an approximate value of $650,000.

Indemnification Agreements

The Company enters into indemnification agreements with its directors and executive officers. Under the terms of the indemnification agreements, subject to certain exceptions specified in the indemnification agreements, the Company will, among other things, indemnify its directors and executive officers to the fullest extent permitted by law in the event such director or executive officer becomes subject to or a participant in certain claims or proceedings as a result of such person's service as a director or officer. The Company will also, subject to certain exceptions and repayment conditions, advance to such director or executive officer specified indemnifiable expenses incurred in connection with such claims or proceedings.

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PROPOSAL 2: RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</div>

General

Our Audit Committee has appointed Forvis Mazars, LLP (“Forvis Mazars”) to serve as our independent registered public accounting firm for fiscal 2025. Representatives of Forvis Mazars are not expected to be present at the annual meeting. If any stockholder desires to ask Forvis Mazars a question, management will ensure that the question is sent to Forvis Mazars and that an appropriate response is made directly to the stockholder.

Effective November 1, 2024, Forvis Mazars completed a transaction with MSL P.A. (“MSL”), the Company’s former independent registered public accounting firm, whereby substantially all of the stockholders and employees of MSL became partners and employees of Forvis Mazars. As a result, effective as of November 1, 2024, MSL resigned as the Company’s independent registered public accounting firm, and the Audit Committee appointed Forvis Mazars to serve as the Company’s independent registered public accounting firm.

Prior to the transaction with Forvis Mazars, MSL served as our independent registered public accounting firm since November 2015. The Audit Committee, in discussing the appointment of Forvis Mazars, considered the qualifications, experience, independence, compliance with regulations, quality control, candor, objectivity, and professional skepticism of Forvis Mazars and the effectiveness of the firm