Company: LIDRW
Filing Date: 2025-05-13
Form Type: DEFA14A
Source: 0000947871-25-000499
Chunk: 6

Company: AEye, Inc.
Filing Date: 2025-05-13
Form: DEFA14A
Chunk 6
---
 Rule 5605(c)(2)(A) requires that our Audit Committee be composed of at least three members, each of whom must be an independent director as defined by Nasdaq rules. In addition, the rule requires that at least one member of the Audit Committee must have employment experience in finance or accounting, or other comparable experience or background, which results in the individual’s financial sophistication. If Mr. Dunn were no longer on the Board, we could potentially be out of compliance with Nasdaq requirements, a priority reflecting our Board’s commitment to stockholder value. Moreover, pursuant to 17 CFR § 229.407(d)(5), we are required to identify our “audit committee financial expert,” which for the past four years has been Mr. Dunn. Without Mr. Dunn, we will be required to explain why we do not have an audit committee financial expert. We have no reason to believe that either Mr. Wuller or Ms. Bauer, the Dissident’s nominees, have the requisite qualifications based on the nomination materials submitted by or on their behalf, which determination was made by our Nominating and Corporate Governance Committee after a review of the materials submitted.

Sue Zeifman has over 30 years of experience in the marketing and communications industries, including nine years at Apple, Inc. where she was responsible for leading Apple’s global marketing
team and marketing strategic direction. She has played a critical role in the marketing and branding of AEye. Ms. Zeifman’s expertise
in technology marketing is particularly important as the Company enters a renewed phase of business development with the launch of Apollo.
We greatly value her perspectives and relevant experience.

⁘ Our Board is committed to continued evaluation and ongoing refreshment to align director expertise with our evolving business.

We regularly evaluate the needs of our Board and are committed
to proactively refreshing the Board to align skills and expertise with the evolving needs of our Company. As such, we have appointed half
of our current directors since 2022 and continue to evaluate the needs of our Board to continue to deliver value to our stockholders.
As part of our thoughtful, continuous Board evaluation and refreshment process, we maintain an active pipeline of director candidates.

⁘ We value the perspectives of ALL our stockholders, including the Dissident Group’s views.

It is important to remember that Mr. Dussan is a current
Board member and, as such, the Dissident Group already has Board representation. In addition to our engagement with the Dissident Group
and their representation on the