Company: VUZI
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001104659-25-040266
Chunk: 18

Company: Vuzix Corp
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 18
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 performance and independence of our independent auditors; |

| ● | monitoring the integrity of our financial statements and our compliance with legal and regulatory requirements as they relate to financial statements or accounting matters; |

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| ● | reviewing the adequacy and effectiveness of our internal control policies and procedures; |

| ● | reviewing the adequacy and effectiveness of our cybersecurity, information and technology security, and data privacy programs, procedures, and policies; |

| ● | discussing the scope and results of the audit with the independent auditors and reviewing with management and the independent auditors our interim and year-end operating results; and |

| ● | preparing the Audit Committee report that the SEC requires in our annual proxy statement. |

Our Board of Directors has adopted a written charter for our Audit Committee, which is available on the investor relations section of our website (www.vuzix.com). Compensation and Human Capital Committee Our Compensation and Human Capital Committee consists of Paula Whitten-Doolin, Edward Kay and Timothy Harned, each of whom is a non-employee director. Timothy Harned is the chairperson of our Compensation and Human Capital Committee. Our Board of Directors has determined that each member of our Compensation and Human Capital Committee is an independent director as defined under the current rules of the NASDAQ Stock Market. Our Compensation and Human Capital Committee met five (5) times in 2024. Although the committee has expanded its role over the past few years. Our Compensation and Human Capital Committee is responsible for, among other things:

| ● | reviewing and approving compensation of our executive officers including annual base salary, annual incentive bonuses, specific goals, equity compensation, employment agreements, severance and change-in-control arrangements, and any other benefits, compensation or arrangements; |
| ● | reviewing and recommending compensation goals, bonus, and stock compensation criteria for our employees;                                                                                                                                                                               |
| ● | working with Senior Management on executive professional development and succession planning;                                                                                                                                                                                          |
| ● | reviewing and working with management on strategies and policies related to Vuzix’ human capital management function,  and talent management;                                                                                                                                          |
| ● | preparing any Compensation and Human Capital Committee report required by the rules of the SEC to be included in our annual proxy statement; and                                                                                                                                       |
| ● | administering, reviewing and making recommendations with respect to our equity compensation plans.                                                                                                                                                                                     |

Our Board of Directors has adopted a written charter for our Compensation and Human Capital Committee, which is available on the investor relations section of our website (www.vuzix.com). Compensation and Human