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

Company: ELECTRO SENSORS INC
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 19
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 reports and services in connection with statutory and regulatory filings or engagements.

Audit-Related Fees consist of the
review of, and discussion with, management regarding the treatment of certain accounting matters.

Tax Fees were for professional services
rendered for preparation of the Company’s annual tax return, quarterly estimates, and state returns. Tax examination consulting
is also included.

All Other Fees represent fees for
any professional services not included in the first three categories listed above.

Under its Charter,
the Audit Committee is required to pre-approve all audit services, as well as all non-audit services performed by the Company’s
independent registered public accounting firm to ensure that the provision of these non-audit services does not impair the auditor’s
independence. Unless a particular service has received general pre-approval by the Audit Committee in accordance with the Audit
Committee’s pre-approval policy, each service provided must be specifically pre-approved. Any proposed services exceeding
pre-approved costs levels will require specific pre-approval by the Audit Committee.

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As part of the Company’s annual engagement
agreement with its independent registered public accounting firm, the Audit Committee pre-approves the following:

| ● | Audit services to be provided by the independent auditor: statutory and financial audits for the                                  
 Company and audit services associated with SEC registration statements, periodic reports and other documents filed with the SEC,  
 production of other documents issued by the independent registered public accounting firm in connection with securities offerings 
 (e.g., comfort letters, consents), and assistance in responding to SEC comment letters.                                           |

| ● | Consulting services provided by the independent registered public accounting firm related to the                                      
 accounting or disclosure treatment of transactions or events and the actual or potential impact of final or proposed rules, standards 
 or interpretations by the SEC, FASB, or other regulatory or standard-setting bodies.                                                  |

| ● | Specific non-audit services, primarily tax services. The Audit Committee does not believe that                                     
 performance of these tax services impairs the auditor’s independence. The Audit Committee has given the independent registered     
 public accounting firm pre-approval for U.S. federal, state, and local tax planning and advice, U.S. federal, state, and local     
 tax compliance, international tax planning and advice, international tax compliance, and tax planning and advice related to merger 
 and acquisition activities. The Company’s independent registered public accounting firm must inform the Audit Committee whenever   
 it provides pre-approved service. The aggregate amount of fees for