Company: ELSE
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0000897101-25-000161
Chunk: 18

Company: ELECTRO SENSORS INC
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 18
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 INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Proposal #3</div>

The Company’s
Board retained Boulay PLLP as its principal independent registered public accounting firm for the year ended December 31,
2024 and has selected Boulay PLLP to serve as the Company’s independent registered public accounting firm for the year ending
December 31, 2025. The Board desires that the selection of this independent registered public accounting firm be submitted
to the shareholders for ratification, which ratification requires the affirmative vote of the holders of a majority of the shares
of Common Stock represented at the Annual Meeting in person or by proxy and entitled to vote. If the selection is not ratified,
the Board of Directors will reconsider its decision.

The Company expects
a representative of Boulay PLLP to be present at the Annual Meeting. Any shareholder with a question for Boulay PLLP should follow
the procedure set forth above under the section “Questions at the Annual Meeting.”

Vote Required for Approval

The affirmative vote of the holders of a
majority of the shares of Common Stock represented at the Annual Meeting in person or by proxy and entitled to vote is required
for approval of this proposal.

The Board of Directors recommends that shareholders vote FOR the ratification of Boulay PLLP to serve as the Company’s independent registered public accounting firm for the year ending December 31, 2025.

<div align='center'>DISCLOSURE OF FEES PAID TO INDEPENDENT AUDITORS</div>

The following fees were paid to Boulay PLLP
in 2024 and 2023:

|                    |     |   |    2024 |     |   |    2023 |
|:-------------------|:----|:--|--------:|:----|:--|--------:|
| Audit Fees         |     | $ | 107,000 |     | $ | 100,000 |
| Audit-Related fees |     | $ |       0 |     | $ |       0 |
| Tax Fees           |     | $ |  14,135 |     | $ |   6,000 |
| All Other Fees     |     | $ |       0 |     | $ |       0 |
| Total              |     | $ | 121,135 |     | $ | 106,000 |

Audit Feeswere for professional
services rendered for the audit of the Company’s financial statements and review of the interim financial statements included
in quarterly