Company: MVIS
Filing Date: 2025-07-24
Form Type: 8-K
Source: 0001641172-25-020845
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Company: MICROVISION, INC.
Filing Date: 2025-07-24
Form: 8-K
Item: Item 5.02
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Item
5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.

On
July 22, 2025, the Board of Directors of MicroVision, Inc. elected Laura Peterson to serve as a member of the Board and simultaneously
accepted the resignation of Dr. Mark Spitzer, with both actions effective immediately. Further, the Board named Ms. Peterson as Chair
of the Nominating & Governance Committee and as a member of the Compensation Committee, succeeding Dr. Spitzer in both committee
roles.

Ms.
Peterson, age 65, served as Executive Vice Chair of Palladyne AI Corp. (NASDAQ: PDYN) (formerly, Sarcos Technology and Robotics
Corporation), a global technology and artificial intelligence leader, from February 2024 to February 2025. Previously at Palladyne AI,
she served as President and Chief Executive Officer from October 2023 to February 2024, having served in those roles on an interim basis
from May 2023 to October 2023. Ms. Peterson served on the Palladyne AI Board of Directors from September 2021 through February 2025.
Ms. Peterson served on the Board of Directors of Air Transport Services Group, Inc. (NASDAQ: ATSG), a provider of aircraft leasing
and air transportation services, from June 2018 until its sale to a private equity firm in April 2025. Previously, Ms. Peterson served
in executive roles at The Boeing Company and its Boeing Commercial Airplanes, or BCA, division, a global manufacturer of jetliners. From
2012 to 2016, she served as BCA’s Vice President, China Business Development and prior to that, since 1994, held roles in aircraft
sales, international business development, global strategy, government relations, and homeland security. She served on the Executive
Leadership Team of BCA, as well as on the Executive Leadership Teams of BCA Airplane Production and Supplier Management, BCA Strategy
and Boeing International. Ms. Peterson holds a B. S. in Industrial Engineering from Stanford University and an M. B. A. from The Wharton
School at the University of Pennsylvania. She is a Fellow of the Stanford Distinguished Careers Institute.

A
description of the compensation payable to Ms. Peterson for her services as a director is set forth under the caption “ Director
Compensation for 2024