Company: LIDRW
Filing Date: 2025-04-21
Form Type: DEFC14A
Source: 0001104659-25-036915
Chunk: 25

Company: AEye, Inc.
Filing Date: 2025-04-21
Form: DEFC14A
Chunk 25
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the presence in person or by proxy of stockholders entitled to cast a third of all the votes entitled to be cast at the meeting shall
constitute a quorum.

Abstentions, withhold votes
and “broker non-votes” are counted as shares present and entitled to vote for purposes of determining a quorum. However, if
you hold your shares in street name and do not provide voting instructions to your broker, your shares will not be voted on any proposal
on which your broker does not have discretionary authority to vote (a “broker non-vote”). Under applicable rules, your broker
will not have discretionary authority to vote your shares at the Annual Meeting on any of the proposals.

If you are a stockholder of
record, you must deliver your vote by mail or attend the Annual Meeting in person in order to be counted in the determination of a quorum.

If you are a beneficial owner,
your broker will vote your shares pursuant to your instructions, and those shares will count in the determination of a quorum. A broker
non-vote occurs when a broker holding shares for a beneficial owner has discretionary authority to vote on “routine” matters
brought before a stockholder meeting, but the beneficial owner of the shares fails to provide the broker with specific instructions on
how to vote on any “non-routine” matters brought to a vote at the stockholder meeting. Under the rules governing brokers’
discretionary authority, if a stockholder receives proxy materials from or on behalf of both us and the Company, then brokers holding
shares in such stockholder’s account will not be permitted to exercise discretionary authority regarding any of the proposals to
be voted on at the Annual Meeting, whether “routine” or not. As a result, there would be no broker non-votes by such brokers.
In such case, if you do not submit any voting instructions to your broker, then your shares will not be counted in determining the outcome
of any of the proposals at the Annual Meeting, nor will your shares be counted for purposes of determining whether a quorum exists. However,
if you receive proxy materials only from the Company, then brokers will be entitled to vote your shares on “routine” matters
without instructions from you. The only proposal that would be considered “routine” in such event is Proposal 2 (ratification
of the Audit Committee’s selection of the Company’s independent registered public accounting firm). A broker will not be entitled
to vote your shares on any “non-routine” matters