Company: VUZI
Filing Date: 2025-04-18
Form Type: PRE 14A
Source: 0001104659-25-036288
Chunk: 23

Company: Vuzix Corp
Filing Date: 2025-04-18
Form: PRE 14A
Chunk 23
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 Analysis by Audit Committee The Audit Committee has considered whether the provision of the services described above was compatible with maintaining the independence of Freed Maxick P.C. and determined that the provision of such services was compatible with such firm’s independence. For 2024 and 2023, Freed Maxick P.C. provided no services other than those services described above. 20 Required Vote The affirmative vote of the holders of a majority of the shares of common stock cast on the matter is needed to ratify the appointment of Freed Maxick P.C. as our independent registered public accounting firm for the year ending December 31, 2025. An abstention will have the same legal effect as a vote against the ratification of Freed Maxick P.C. RECOMMENDATION OF THE BOARD FOR PROPOSAL NO. 2: Our Board of Directors recommendS that the stockholders vote FOR ratification of the appointment of FREED MAXICK CPAS, P.C. as our independent registered public accounting firm for the year ending December 31, 2025. AUDIT COMMITTEE REPORT Membership and Role of Audit Committee The Audit Committee of our Board of Directors is responsible for providing independent, objective oversight and review of our accounting functions, internal controls and financial reporting process. Currently, the Audit Committee is comprised of Edward Kay, Timothy Harned and Paula Whitten-Doolin. The Audit Committee operates pursuant to a written charter adopted by the Board of Directors in December 2009, as subsequently amended, which may be found on the investor relations section of our website (www.vuzix.com) under the “Investors-Corporate Governance” section. We believe that each of the members of the Audit Committee is independent as defined by applicable laws and regulations. Management has the primary responsibility for the financial statements and the reporting process, including our system of internal controls, cybersecurity, and for the preparation of the consolidated financial statements in accordance with generally accepted accounting principles. Our independent accountants are responsible for performing an independent audit of those financial statements in accordance with the standards of the Public Company Accounting Oversight Board (PCAOB) and to issue a report thereon. The Audit Committee’s responsibility is to monitor and oversee these processes on behalf of the Board of Directors. Two of the three members of the Audit Committee are not professional accountants or auditors and their functions are not intended to duplicate or certify the activities of management and the independent auditors. Edward Kay, a Certified Public Accountant, is chair of the Audit Committee. Review of our Audited