Company: PDEX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001079973-25-001567
Chunk: 18

Company: PRO DEX INC
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 18
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 sessions of the Board. Among other things, the charter of the Compensation Committee grants the Compensation Committee authority
to obtain, at our expense, advice and assistance from internal and external legal, accounting or other advisors and consultants and other
external resources that the Compensation Committee considers necessary or appropriate in the performance of its duties. In particular,
the Compensation Committee has the sole authority to retain compensation consultants to assist in its evaluation of executive and director
compensation, including the authority to approve the consultant’s reasonable fees and other retention terms.

Investment Committee

The Investment Committee was
formed in April 2013 and is currently comprised of one management director, Rick, and two non-management directors, Ray and Nick, who
chairs the committee. The purpose of the Investment Committee is to administer and invest surplus capital from time to time, in such amounts
as approved by our Board, in authorized investments. During the fiscal year ended June 30, 2025, the Investment Committee held one
meeting.

<div align='center'>FAMILY RELATIONSHIPS</div>

There are no family relationships
among our executive officers and directors.

<div align='center'>BOARD LEADERSHIP STRUCTURE</div>

Our Board has separated the
roles of Chairman of the Board and Chief Executive Officer. Nick, an independent director, serves as Chairman of our Board and presides
at all Board and shareholder meetings. Rick, our Chief Executive Officer, serves as our primary spokesperson and supervises our business,
subject to the direction of our Board. The independent Board members annually assess Rick’s performance as Chief Executive Officer.
We believe that an independent Chairman of the Board is better able to provide oversight and guidance to management, especially in relation
to the Board’s essential role in risk management oversight, and to ensure the efficient use and accountability of resources. Furthermore,
this separation provides for focused engagement between these two roles in their respective areas of responsibility, while still providing
for collaborative participation. The separation of the Chairman of the Board and Chief Executive Officer roles, together with our other
comprehensive corporate governance practices, are designed to establish and preserve management accountability, provide a structure that
allows the Board to set objectives and monitor performance, and enhance shareholder value.

<div align='center'>BOARD’S ROLE IN RISK OVERSIGHT</div>

Our Board has an active role,
as a whole and also at the committee level, in overseeing management of our risks. Our Board regularly reviews information regarding our
credit, liquidity, and operations, as well as the risks associated