Company: ELSE
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0000897101-25-000161
Chunk: 3

Company: ELECTRO SENSORS INC
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 3
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 accordance with the recommendations of the Board, FOR approval of the number of directors to be set
at five, FOR the election of the directors nominated by the Board, FOR the ratification of the Company’s selection of independent
registered public accounting firm for the fiscal year ending December 31, 2025, FOR the non-binding resolution regarding executive
compensation, for the option of “3 YEARS” as the preferred frequency of future Say-on-Pay votes, and in accordance
with the discretion of the persons appointed as proxies on any other matters properly brought before the Annual Meeting and any
and all adjournments or postponements thereof.

The expense of preparing,
printing, and mailing this Proxy Statement and the proxies solicited hereby will be borne by the Company. The Company will request
brokerage firms, banks, nominees, custodians, and fiduciaries to forward proxy materials to the beneficial owners of shares of
common stock of the Company (“Common Stock”) as of the record date and reimburse these firms for the cost of forwarding
the proxy materials in accordance with customary practice. In addition to the use of the Internet and mail, proxies may be solicited
by officers, directors, and regular employees of the Company, without additional remuneration, in person or by telephone or facsimile
transmission.

For a shareholder proposal to be considered
for inclusion in our Proxy Statement for the 2026 Annual Meeting, the written proposal must be received at our principal executive
offices by the close of business on November 20, 2025. The proposal must comply with SEC regulations regarding the inclusion
of shareholder proposals in company-sponsored proxy materials.

<div align='center'>Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting:

The Proxy Statement, Form of Proxy, and Annual Report on Form 10-K are available at

http://www.idelivercommunications.com/proxy/else

1

OUTSTANDING SHARES & VOTING RIGHTS</div>

The Company fixed the
close of business on February 27, 2025 as the record date for determining shareholders entitled to notice of and to vote at the
Annual Meeting. At February 27, 2025, the Company had outstanding 3,428,021 shares of Common Stock, the only outstanding class
of capital stock of the Company. Each share of Common Stock outstanding on the record date entitles the holder thereof to one vote
on each matter to be voted upon by shareholders at the Annual Meeting. Holders of Common Stock