Company: LIDRW
Filing Date: 2025-05-14
Form Type: DFAN14A
Source: 0001999371-25-006020
Chunk: 2

Company: AEye, Inc.
Filing Date: 2025-05-14
Form: DFAN14A
Chunk 2
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 governance. The board should be ashamed of itself. Vote GREEN. Let shareholders decide who governs - not insiders protecting their seats. #AEye #ShareholderDemocracy #CorporateGovernance #ProxyFight #GovernanceMatters #BoardAccountability #TransP - arencv.Matters #Glasslewis #ISS #VoteGreen #StockholderRights #SECWhistleblower

Solving the biggest bottleneck to the safe commercialization of ... 6d • (1) AEye Expanded Its Board Mid - Election - And Told Shareholders After They Started Voting. This isn't right. During AEye's 2025 contested proxy solicitation, the company's definitive proxy (filed April 7) stated the board had six directors, with two seats up for election. Then, during the active shareholder voting period - and without any public disclosure at the time - the Board quietly expanded itself to seven members and appointed a new director. Concerned that shareholders were being asked to vote on board composition and governance proposals without knowing the board had already changed, I immediately filed a whistleblower complaint with the SEC. Shortly after that, AEye released a revised proxy disclosing the board expansion and appointment. This new director: - Was not elected by shareholders, - Will not face a stockholder vote for at least a year under current bylaws, and - Was appointed during an active shareholder vote. The Board had a clear option: Wait just 2 more weeks to make the appointment - after the shareholder vote had concluded. BUT Instead, it acted mid - election and disclosed the change only after ballots had already been cast. There was no compelling justification to make this move during an active vote - except to entrench the current leadership. It may meet the letter of SEC filing deadlines - but it fails the test of stockholder - first governance. The board should be ashamed of itself.

Luis Dussan . You Solving the biggest bottleneck to the safe commercialization of ... 6d • (1) As a founder, I've dedicated years to building AEye, lnc. 's vision. Watching its value decline by over 99% hasn't just been painful - it's been a clear sign that change is overdue. I believe in AEye's technology and potential, but also in accountability. That's why I've joined forces with other early investors to propose a new direction - one focused on transparency, responsible leadership, and protecting shareholder value. We're asking shareholders to: - Elect directors who will challenge the status quo. -