Company: FLYE
Filing Date: 2025-02-11
Form Type: PRE 14A
Source: 0001213900-25-012288
Chunk: 29

Company: Fly-E Group, Inc.
Filing Date: 2025-02-11
Form: PRE 14A
Chunk 29
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AL Our Board has approved and recommends that our stockholders approve the Classified Board Amendment, in the form attached to this proxy statement as Appendix D, which provides for the establishment of a classified board structure consisting of three classes of directors. Our Board currently consists of five members, each of whom, if elected, is eligible to serve to one -yearterms at each annual meeting of stockholders. However, if this proposal is approved, the Classified Board Amendment would classify our Board into three classes, with each class having a three -yearterm expiring in a different year, as further described below. Classified Board Delaware law provides that, unless otherwise provided in a company’s certificate of incorporation or bylaws, directors are elected for a one -yearterm at each annual meeting of stockholders. If this proposal is approved, the Classified Board Amendment would classify our Board into three classes with staggered three -yearterms (with the exception of the expiration of the initial Class I and Class II directors). The members of our Board as of the date of this proxy statement would continue to serve their current terms until the Classified Board Amendment goes into effect or until their respective successors are elected and qualified, or until their earlier death, disability, retirement, resignation or removal. The Classified Board Amendment will authorize our Board of Directors to assign directors then in office to Class I, Class II and Class III upon the effectiveness of the classified board structure. The Classified Board Amendment will provide that any such director elected in accordance with our Bylaws to fill a vacancy on our Board of Directors will serve in accordance with our Bylaws until the next election of the class for which such director shall have been chosen and until his or her successor is elected and qualified or until his or her earlier death, disability, retirement, resignation or removal. If the Classified Board Amendment is approved, the Company will implement the classified Board by filing the Classified Board Amendment with the Secretary of State of the State of Delaware. At each annual meeting of stockholders following the initial classification and election, the successors to the class of directors whose terms expire at each future meeting would be elected for a term of office to expire at the third succeeding annual meeting after their election and until their successors have been duly elected and qualified. Any vacancies on the Board which occur during the year may be filled by the Board for the remainder of the full term of the affected Class. Purpose and Effect of a Classified Board Our Board believes that a classified board structure will help to assure the continuity and stability of our long -termpolicies in the future and to