Company: VUZI
Filing Date: 2025-04-18
Form Type: PRE 14A
Source: 0001104659-25-036288
Chunk: 20

Company: Vuzix Corp
Filing Date: 2025-04-18
Form: PRE 14A
Chunk 20
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 because he is the director most familiar with the Company’s business and industry and is therefore best able to identify the strategic priorities to be discussed and considered by the Board. Our Board believes that the most effective board structure is one that emphasizes board independence and ensures that the Board’s deliberations are not dominated by management. Three of our five current directors qualify as independent directors as defined under NASDAQ rules and regulations. Each of our standing Board committees is comprised of only independent directors, including our Nominating and Governance Committee, which is charged with evaluating and reporting to the Board on the performance and effectiveness of the Board, as necessary. In 2022, we established the role of Lead Independent Director, who is elected by the Board of Directors annually. The current lead independent Director is Edward Kay. The Lead Independent Director is responsible for, among other things:

| ● | Presiding at all meetings of the Board of Directors at which the Chairman is not present, and at all Executive Sessions of Board meetings; |

| ● | Presiding at all meetings of the independent directors; |

| ● | Calling meetings of the independent directors; |

| ● | Serving as the principal liaison between the Chairman and the independent directors relative to all substantive discussions. While this role is not intended to impede in any way the degree and/or frequency of any direct communications between the Chairman and other independent directors, it is expected that any substantive discussions that take place between the other independent directors and Chairman will be communicated on a timely basis by the independent director(s) to the Lead Independent Director, and vice versa; |

| ● | Communicating, on behalf of the Independent Directors and Compensation and Human Capital Committee, the Board evaluation of the CEO’s performance; |

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| ● | Guiding and assessing all information sent to the Board of Directors, including the quality, quantity, appropriateness, and timeliness of such information; |

| ● | Assisting the Chairman in the construct of meeting agendas; |

| ● | Helping establish the frequency of Board of Directors meetings and meeting schedules, ensuring there is sufficient time for adequate discussion of all agenda items; |

| ● | Recommending to the Nominating and Governance Committee and to the Chairman, selections for membership and chair for each Board Committee, though such recommendations are not necessarily binding in nature; |

| ● | Interviewing, along with the chair of the Nominating and Governance Committee, all director candidates and making recommendations to the Nominating and Governance Committee; |

| ● | When appropriate, being available for consultation and