Company: ELSE
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0000897101-25-000160
Chunk: 22

Company: ELECTRO SENSORS INC
Filing Date: 2025-03-19
Form: 10-K
Item: Item 9C
Chunk 22
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PART III

Certain information required by Part III is incorporated by reference to the Company’s Definitive Proxy Statement pursuant to Regulation 14A (the “2025 Proxy Statement”) for its Annual Meeting of Shareholders to be held April 23, 2025 (“Annual Meeting”).

Item 10.                 Directors, Executive Officers and Corporate Governance.

The information required by Item 401 under Regulation S-K, to the extent applicable to the Company’s directors, will be set forth under the caption “Election of Directors” in the 2025 Proxy Statement and is incorporated herein by reference. The information required with respect to the Company's sole executive officer, who is also a director, will be set forth under the caption “Election of Directors.”

The information required by Item 405 regarding compliance with Section 16(a), if any, will be set forth under the caption “Delinquent Section 16(a) Reports” in the 2025 Proxy Statement and is incorporated herein by reference.  If there were no delinquent Section 16(a) reports during 2024, this section will be omitted from the 2025 Proxy Statement.

Code of Ethics and Business Conduct

The Company has adopted the Electro-Sensors Code of Ethics and Business Conduct (the “Code of Conduct”) applicable to all officers and employees of the Company. A copy of the Code of Conduct can be obtained free of charge upon written request directed to the Company’s Chief Executive Officer at the Company’s executive offices. Any amendment to, or waiver from, a provision of our Code of Conduct will be posted to our website.

The information required by Item 407 regarding corporate governance will be set forth under the caption “Corporate Governance” in the 2025 Proxy Statement and is incorporated herein by reference.

Insider Trading

The
Company has adopted inside trading policies and procedures governing the purchase,
sale, and/or other dispositions of its securities by directors, officers, and employees
that are reasonably designed to promote compliance with insider trading laws,
rules, and regulations.  The Company’s Policy
Statement on Confidential Information and Securities Trading by
Electro-Sensors, Inc. Personnel is included as Exhibit
19.1 to this Annual Report on Form 10-K.

Item 11.                 Executive Compensation.

The information called for by Item 402 under Regulation S-K, will be set forth under the caption “Executive Compensation” and "Director Compensation" in the Company’s