Company: LIDRW
Filing Date: 2025-04-07
Form Type: DEFC14A
Source: 0001140361-25-012590
Chunk: 53

Company: AEye, Inc.
Filing Date: 2025-04-07
Form: DEFC14A
Chunk 53
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 all of its stockholders. The amendment would then need to be approved by the holders of a majority of the outstanding common stock. 31 TABLE OF CONTENTS Vote Required For Approval Approval of Proposal 4 requires the affirmative vote of a majority of the shares entitled to vote and present in person or represented by proxy at the Annual Meeting. Abstentions are considered shares present and entitled to vote on this proposal and, thus, will have the same effect as a vote “AGAINST” this proposal. Brokers do not have authority to vote on Proposal 4 without instructions from the beneficial owner. Recommendation of the Board of Directors A majority of our Board of Directors recommends that you vote on the WHITEuniversal proxy card “AGAINST” the advisory stockholder proposal to declassify the Board structure. 32 TABLE OF CONTENTS PROPOSAL 5 STOCKHOLDER PROPOSAL TO REDUCE THE NUMBER OF AUTHORIZED SHARES OF COMMON STOCK We have received notice of the intention of a member of the Dissident Group, Valerie J. Wuller, the address and share ownership of whom are available and will be provided promptly upon request, to present the following advisory proposal at the Annual Meeting. In accordance with Rule 14a-8(h) of the Exchange Act, the stockholder proposal is required to be voted on at the Annual Meeting only if properly presented by the proponent at the meeting. The text of the stockholder’s resolution and the statement that the stockholders furnished to us in support thereof appear below, exactly as submitted, and we are not responsible for any inaccuracies or omissions therein. The Board opposes the stockholder proposal for the reasons stated following the proposal. The Proposal The shareholders of Aeye, Inc. propose to amend the Certificate of Incorporation by reducing the authorized shares of Common Stock from 600,000,000 to 20,000,000 in keeping with the 1/30 reverse split of December 2023. The proposed Amendment would bring the ratio of authorized shares to outstanding shares back to the ratio which existed prior to the reverse split and protect shareholders from undue dilution without shareholder input or authorization. As a result, the shareholders recommend and request the Board of Directors amend the Certificate of Incorporation reducing authorized shares of Common Stock to 20,000,000 and file said amendment or set a special shareholder meeting to vote on the amendment. The Proposal’s Supporting Statement This resolution urges the shareholders to vote for a reduction of the authorized shares of Common Stock to 20,000,000, 1/30 of