Company: LIDRW
Filing Date: 2025-04-07
Form Type: DEFC14A
Source: 0001140361-25-012590
Chunk: 4

Company: AEye, Inc.
Filing Date: 2025-04-07
Form: DEFC14A
Chunk 4
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 (the “Broker Rules”), and all of the matters to be voted on at the Annual Meeting will be considered “non-routine” matters. In that case, a broker that is subject to the Broker Rules will not have authority to vote shares held by a beneficial owner without instructions from the beneficial owner on Proposals 1, 2, 3, 4, or 5. Further, the broker non-votes will not be counted for purposes of determining whether a quorum exists at the Annual Meeting. Therefore, if you are a beneficial owner, we encourage you to instruct your broker how to vote your shares using the voting instruction form provided by your broker so that your vote can be counted. However, for brokers that receive proxy materials only from the Company (and not from the Dissident Group), the broker will be entitled to vote shares held for a beneficial owner on routine matters, such as Proposal 2, without instructions from the beneficial owner of those shares, but the broker is not entitled to vote the shares on non-routine items, such as Proposal 1, Proposal 3, Proposal 4, and Proposal 5. Accordingly, in such a situation, if you receive proxy materials only from the Company and you do not submit any voting instructions to your broker, your broker may exercise discretion to vote your shares on Proposal 2, even in the absence of your instruction. If your shares are voted on Proposal 2, as directed by your broker, your shares will constitute “broker non-votes” on the non-routine proposals (i.e., Proposals 1, Proposal 3, Proposal 4, and Proposal 5). In the event your broker receives proxy materials only from the Company (and not from the Dissident Group), the “broker non-votes” will be counted for purposes of determining whether a quorum exists at the meeting. The voting instruction form provided by the broker holding your shares may also include information about how to submit your voting instructions over the Internet, if such options are available. The WHITEuniversal proxy card accompanying this Proxy Statement will provide information regarding Internet voting. Only holders of the Company’s common stock (“common stock”) as recorded in our stock register at the close of business on April 4, 2025, may vote at our Annual Meeting. On April 4, 2025, there were 18,690,177 shares of common stock issued and outstanding. As of the date of this proxy statement, the Company has not issued any shares of its preferred stock.