Company: LIDRW
Filing Date: 2025-04-21
Form Type: DEFC14A
Source: 0001104659-25-036915
Chunk: 8

Company: AEye, Inc.
Filing Date: 2025-04-21
Form: DEFC14A
Chunk 8
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 support for the terminations and other upcoming AEye business. |

| 2) | Did good governance require the board to set a meeting to                                                                             
 discuss and become fully informed on the effect of termination of the AEye/Continental Management Team and Luis Dussan on the pending 
 RFQ and the Continental partnership before the terminations were effected.                                                            |

| 3) | Was Luis Dussan terminated by the CEO without a board meeting,         
 board discussion and board vote. And, did this violate Company bylaws. |

| 5) | Did the Chairman use his position to inappropriately prevent               
 a special meeting of the board to discuss the effects of the terminations. |

| 6) | Was the demand that Dussan resign from the board in exchange                                        
 for a severance done to stack the board with friends of the CEO and was it appropriate in any case. |

| 7) | Was the process by which the Compensation Committee evaluated                               
 and approved 2 bonuses for the CEO appropriate given the current market cap of the Company. |

| The AEye Board never responded to any of the letters. And while                                                                           
 a supposed investigation was started no report was ever issued and it appears that the investigation was terminated before it even began. |

| · | Even though Wuller on numerous                                                                                                          
 occasions requested an update on his Nomination Letter (given to the Company 60 days before any deadline) and requested an opportunity  
 to cure any perceived defects, in mid-February 2024, he was notified of an alleged defect and was prohibited from running for the Board 
 at the 2024 annual meeting.                                                                                                             |

| · | During the rest of 2024 the Company                                                                                                            
 continued to flounder, losing market value, securing no RFQ awards and generating little to no revenue. It should be noted that the Company    
 did have revenues in October 2023 and was making sales into the Industrial Sector of the LIDAR market.  The CEO had shut those                 
 down and recently announced the Company would look to that sector again. In our view, and as communicated by Mr. Wuller to Mr. Fisch           
 in December 2023, the Company should never have ceased to compete in the industrial LIDAR market. Apparently, the board and CEO now understand 
 their mistake.                                                                                                                                 |

| · | By November 14, 2024, when AEye                                                                                                           
 filed its 10Q for the 3rd quarter of