Company: CLPR
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001437749-25-013840
Chunk: 27

Company: Clipper Realty Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 27
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phonically.

<div align='center'>24

PROPOSAL NO. 2
RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</div>

The Audit Committee appointed PKF O’CONNOR DAVIES, LLP, as our independent registered public accounting firm to audit our consolidated financial statements for the fiscal year ending December 31, 2025. Pursuant to this appointment, PKF will serve as our independent registered public accounting firm and report on our consolidated financial statements for the fiscal year ending December 31, 2025.

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We expect that representatives of PKF will attend the Annual Meeting and will have the opportunity to make a statement if they so desire and to respond to appropriate questions.

Although stockholder ratification is not required, the appointment of PKF is being submitted for ratification at the Annual Meeting with a view towards soliciting stockholders’ opinions, which the Audit Committee will take into consideration in future deliberations. If PKF’s selection is not ratified at the Annual Meeting, the Audit Committee will consider the engagement of another independent registered accounting firm in the future. The Audit Committee may terminate PKF’s engagement as our independent registered public accounting firm, without the approval of our stockholders, whenever the Audit Committee deems termination appropriate.

<div align='center'>Recommendation of the Board of Directors:

OUR BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE“FOR”THE RATIFICATION OF APPOINTMENT OF PKF O’CONNOR DAVIES, LLP, AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2025.

25

PROPOSAL NO. 3

APPROVAL OF 2025 OMNIBUS INCENTIVE COMPENSATION PLAN</div>

The Board is asking our stockholders to approve the 2025 Omnibus Incentive Compensation Plan (the “2025 Omnibus Incentive Plan”). The Board approved the 2025 Omnibus Incentive Plan on April 18, 2025, subject to approval by our stockholders. If the 2025 Omnibus Incentive Plan is approved by stockholders, the 2025 Omnibus Incentive Plan will be effective as of such date (the “Effective Date”). The 2025 Omnibus Incentive Plan is intended as the successor to the Company’s 2015 Omnibus Incentive Plan, which will expire on