Company: LIDRW
Filing Date: 2025-05-05
Form Type: DEFA14A
Source: 0000947871-25-000449
Chunk: 10

Company: AEye, Inc.
Filing Date: 2025-05-05
Form: DEFA14A
Chunk 10
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 ❌ Minimal current knowledge of AEye’s industry ❌ No experience in developing, marketing, or selling a high - tech product 11

Dissident Proposals are Not in the Interests of All Stockholders Management’s Rationale for Opposing the Proposal Management Recommendation • Our current Board structure provides a balanced governance framework for the Company’s current maturity • Our current Board structure provides stability and continuity to execute on our strategy • If implemented, this proposal could pressure our Board into short - term decision - making by increasing vulnerability to the Dissidents’ hostile takeover • Our current Board structure allows us to attract and retain top - tier director talent AGAINST Proposal 4: Declassify the Board (Advisory) • If implemented, this proposal could handcuff our Board’s ability to make decisions in the best interests of the Company and all stockholders • If implemented, this proposal could impede the Company from raising necessary capital, ultimately risking bankruptcy and the loss of your investment • We believe the Dissidents have not considered the business, financial, and legal risks this proposal poses to AEye, our strategy, and stockholders’ investments AGAINST Proposal 5: Reduce Authorized Shares to 20M (Advisory) 12

We Urge Our Stockholders to Vote the WHITE Proxy Card Management Recommendation FOR Proposal 1: Reelect Class I directors, Timothy Dunn and Sue Zeifman FOR Proposal 2: Ratify KPMG LLP as our public accountant FOR Proposal 3: Approve an increase in the number of shares of common stock issuable under our 2021 Equity Incentive Plan AGAINST Proposal 4: Declassify the Board (Advisory) AGAINST Proposal 5: Reduce Authorized Shares to 20M (Advisory) 13

YOUR VOTE IS IMPORTANT! Your vote is important, and we ask that you please vote “FOR” the election of our two Board nominees, Timothy J. Dunn and Sue E. Zeifman, “FOR” Proposals 2 and 3, and “AGAINST” all the stockholder proposals submitted by the Dissident Group using the WHITE universal proxy card. You can vote your shares electronically via the Internet, by telephone, or by completing and returning the WHITE universal proxy card or voting instruction card if you requested paper proxy materials. Voting instructions are printed on your WHITE universal proxy card and included in the accompanying proxy statement. You can revoke a proxy at any time prior to its exercise at the Annual Meeting by following the instructions in the proxy