Company: LIDRW
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001437749-25-004906
Chunk: 548

Company: AEye, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 3
Chunk 548
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usby managed global teams while serving as Vice President of Sales and Marketing – Automotive Business Unit, including time working abroad in Europe.  Prior to TomTom/Tele Atlas, Mr. Husby worked for Japanese-based automotive supplier DENSO Corporation from May 1994 to February 2003.  During his time at DENSO, he worked in both corporate and manufacturing environments in human resources, communications, public relations, and sales management.  Mr. Husby has served on the Board of Directors of MEMA Original Equipment Suppliers since November 2019, including serving as chair of the Board in 2023.  Mr. Husby also serves as chair of the Board of Directors of the Automotive Hall of Fame, which he joined in April 2019.  Mr. Husby holds a Bachelor of Arts in Economics and Management from Albion College and a Master of Business Administration from Wayne State.

Mr. Husby is qualified to serve as a director based on his board experience as a senior executive at several companies in the automotive industry and as the chief executive officer in the automotive space.

COMPOSITION OF OUR BOARD OF DIRECTORS

Our business and affairs are managed under the direction of our Board of Directors.  Our Board of Directors currently consists of six (6) directors.  Pursuant to our Bylaws, the number of directors is fixed by our Board of Directors from time to time.  Our Board of Directors is divided into three classes, with each director serving a three-year term, and one class being elected at each year’s annual meeting of stockholders.  Timothy J. Dunn and Sue E. Zeifman serve as Class I directors with terms expiring in 2025.  Luis C. Dussan and Matthew Fisch serve as Class II directors with terms expiring in 2026, and Prof. Dr. Bernd Gottschalk and Jonathon B. Husby serve as Class III directors with terms expiring in 2027.

BOARD MEETING QUORUM REQUIREMENTS

Our Amended and Restated Bylaws (the “Bylaws”) provides that a majority of the total number of directors then in office will constitute a quorum.

During the fiscal year ended December 31, 2024, the Board met nine (9) times. In 2024, each director attended at least 75% of the aggregate of the total number of Board meetings and committee meetings on which he or she then served.

We encourage