Company: VEEAW
Filing Date: 2025-11-10
Form Type: PRE 14A
Source: 0001213900-25-107934
Chunk: 19

Company: VEEA INC.
Filing Date: 2025-11-10
Form: PRE 14A
Chunk 19
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 substantially final form in Annex Ato this Proxy Statement. If and when effected by our Board, the Certificate of Amendment will become effective upon its filing with the Secretary of State of Delaware. Vote Required The affirmative vote of the majority of shares of common stock present in person or represented by proxy at the Annual Meeting and entitled to vote is required to approve the Reverse Stock Split Proposal. Abstentions will have no effect on the outcome of the vote. Recommendation of the Board THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE “FOR” THE REVERSE STOCK SPLIT PROPOSAL. 12 PROPOSAL NO. 3 — THE 2024 PLAN AMENDMENTS PROPOSAL Background The stockholders are being asked to approve amendments to Sections 4(a) of the 2024 Incentive Plan to (i) increase the number of shares of common stock reserved for issuance with respect to awards granted under the 2024 Plan from 5,546,521 shares of common stock to 9,546,421 shares of common stock and (ii) increase the maximum number of shares of common stock that may be issued pursuant to the exercise of incentive awards under the 2024 Plan (“ Incentive Awards”) from 5,546,521 shares of common stock to 9,546,421 shares of common stock. We believe strongly that the increase in shares of common stock reserved for issuance with respect to awards granted under the 2024 Plan and the increase in the maximum number of shares of common stock which may be issued pursuant to Incentive Awards under the 2024 Plan is essential to our continued success and therefore is in the best interests of the Company and our stockholders. Our employees are our most valuable assets. The Board believes that grants of stock options, restricted stock units, performance-based restricted stock units and other equity awards under the 2024 Plan help create long-term equity participation in the Company and thereby assist us in attracting, retaining, motivating and rewarding employees, directors, and consultants. The Board also believes that long-term equity compensation is essential to link executive pay to long-term stockholder value creation. New Plan Benefits As of November 3, 2025, the Record Date, there were approximately 464,776 shares of common stock remaining available for the grant of awards under the 2024 Plan. On September 29, 2025, our compensation committee of the Board of Directors (the “ Compensation Committee”) approved Incentive Awards to Michael Salmasi