Company: LIDRW
Filing Date: 2025-04-07
Form Type: DEFC14A
Source: 0001140361-25-012590
Chunk: 49

Company: AEye, Inc.
Filing Date: 2025-04-07
Form: DEFC14A
Chunk 49
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 the earlier of our 2021 Equity Plan being initially approved by our Board of Directors or our stockholders. Any award outstanding under our 2021 Equity Plan at the time of termination will remain in effect until such award is exercised or has expired in accordance with its terms.

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TABLE OF CONTENTS Vote Required for Approval Approval of Proposal 3 requires the affirmative vote of a majority of the votes cast by our stockholders present in person or represented by proxy and entitled to vote at the Annual Meeting. Abstentions are considered shares present and entitled to vote on this proposal and, thus, will have the same effect as a vote “AGAINST” this proposal. Brokers do not have authority to vote on Proposal 3 without instructions from the beneficial owner. Recommendation of the Board of Directors A majority of our Board of Directors recommends that you vote on the WHITEuniversal proxy card “FOR” the approval of the equity plan amendment to increase the number of shares of common stock issuable under our 2021 Equity Incentive Plan. 29

TABLE OF CONTENTS

PROPOSAL 4 STOCKHOLDER PROPOSAL TO DECLASSIFY THE BOARD STRUCTURE We have received notice of the intention of a member of the Dissident Group, Ransom P. Wuller, the address and share ownership of whom are available and will be provided promptly upon request to present the following advisory proposal at the Annual Meeting. In accordance with Rule 14a-8(h) of the Exchange Act, the stockholder proposal is required to be voted on at the Annual Meeting only if properly presented by the proponent at the meeting. The text of the stockholder’s resolution and the statement that the stockholders furnished to us in support thereof appear below, exactly as submitted, and we are not responsible for any inaccuracies or omissions therein. The Board opposes the stockholder proposal for the reasons stated following the proposal. The Proposal The shareholders of Aeye, Inc. propose to declassify the board of directors and establish a non-classified board by legally amending the Certificate of Incorporation. This amendment would revise Section 5.2, 5.3 and 5.4 of Article V of the Second Amended and Restated Certificate of Incorporation (Certificate) which established a Classified Board of Directors and replace these provisions with those necessary to establish a non-classified board. All directors elected thereafter will be up for election at the annual meeting and will serve a term of one year and until his or her successor is duly elected and qualified or until