Company: PDEX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001079973-25-001567
Chunk: 39

Company: PRO DEX INC
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 39
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 of our Named Executive Officers. It is expected that
the next advisory vote on the frequency of advisory votes on executive compensation will occur at our 2031 Annual Meeting.

Required Vote and Board Recommendation

Assuming a quorum is present
at the Annual Meeting, the voting frequency option that receives the highest number of votes will be deemed the frequency for the advisory
vote on executive compensation that has been selected by our shareholders.

OUR BOARD RECOMMENDS THAT OUR SHAREHOLDERS VOTE FOR “1 YEAR” WITH RESPECT THE FREQUENCY OF FUTURE ADVISORY VOTES TO APPROVE THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS.

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<div align='center'>Proposal No. 5

AMEND THE 2016 EQUITY INCENTIVE PLAN</div>

The Board unanimously adopted
the 2016 Equity Incentive Plan (the “2016 Plan”) in September 2016 and it was approved by shareholders at the 2016 Annual
Meeting, allowing for the issuance of 1,500,000 shares. In October 2025, the Board approved an amendment to the 2016 Plan for it to continue
un-interrupted for an additional ten (10) years. The text of the amendment is attached to this proxy statement as Exhibit A. The below
summary is qualified in its entirety by the full text of the 2016 Plan, which is set forth as Exhibit B to this proxy statement. Capitalized
terms used in this proposal are defined in the 2016 Plan.

Reasons for the Amendment

The Company believes its
employees are valuable assets. Offering various equity incentives, such as non-qualified stock options, incentive stock options, restricted
shares, restricted stock units, performance awards and other stock-based awards (collectively, “Awards”) can assist us in
attracting and retaining our valuable employees. In addition, the Company believes that employees who have a stake in the future success
of its business become highly motivated to achieve the Company’s long-term business goals and to expend maximum effort in the creation
of shareholder value, thereby linking the interests of such individuals with those of shareholders generally.

The Company has granted
performance awards for 200,000 shares of common stock, non-qualified stock options for 372,000 shares of common stock, and 18,000 restricted
shares of common stock under the 2016 Plan. The Board believes that increased time provided by the amendment is essential to the Company