Company: LIDRW
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001437749-25-004906
Chunk: 156

Company: AEye, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1
Chunk 156
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 E. Zeifman (Class I) 
      
      C 
      M 

      C = Committee Chair  

      M = Member  

      * = Lead Independent Director  

Audit Committee

Our Audit Committee met four (4) times in 2024. Our Audit Committee is responsible for, among other matters:

     • 
      reviewing the audit plans and findings of our independent registered public accounting firm and our internal audit and risk review staff, as well as the results of regulatory examinations, and tracks management’s corrective action plans where necessary; 

     •
      reviewing our financial statements, including any significant financial items and/or changes in accounting policies, with our senior management and independent registered public accounting firm; 

     •
      reviewing our financial risk and control procedures, compliance programs and significant tax, legal, and regulatory matters; 

     •
      approving all audit and permissible non-audit services to be performed by our independent registered public accounting firm; 

     •
      having the sole discretion to annually appoint our independent registered public accounting firm, evaluate its independence and performance and set clear hiring policies for employees or former employees of the independent registered public accounting firm; and 

     •
      reviewing and approving in advance any proposed related party transactions. 

Our Audit Committee consists of Timothy J. Dunn, Prof. Dr. Bernd Gottschalk, and Jonathon B. Husby, with Mr. Dunn chairing this Committee.  Rule 10A-3 of the Exchange Act and the NASDAQ rules require us to have an Audit Committee composed entirely of independent directors.  Our Board of Directors has affirmatively determined that each of Mr. Dunn, Prof. Dr. Gottschalk, and Mr. Husby all meet the definition of “independent director” for purposes of serving on the Audit Committee under Rule 10A-3 of the Exchange Act and the corporate governance standards of the Nasdaq Stock Market.  Our Board of Directors has determined that each director appointed to the Audit Committee is financially literate, and our Board of Directors has determined that Mr. Dunn is our Audit Committee financial expert within the meaning of Item 407(d) of Regulation S-K under the Securities Act.  Our Board of Directors has adopted a written charter for the Audit Committee, which is available on the “Investors Relations” section of our principal corporate website at www.aeye.ai.

Compensation Committee 

Our Compensation Committee met four (4) times in 2024.