Company: ELSE
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0000897101-25-000161
Chunk: 11

Company: ELECTRO SENSORS INC
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 11
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68 |           2011 |
| Michael C. Zipoy    | Retired, Investment executive from 1978-2018; Feltl and Company                                                                                                  
 investment executive (brokerage and investment banking firm) from 2005 through 2018                                                                              |  77 |           2012 |

The Board believes
the following key characteristics are important in the selecting of these five nominees:

Mr. Marino’s
executive leadership experience in building both private and public companies, including strategy formulation, execution, and investor
relations;

Mr. Zipoy’s investment
experience in small and micro-cap companies and his participation in public and private equity financing;

Mr. Peterson’s
significant experience in the investment industry and personal connections with many regional businesses;

Mr. Gabbard’s
extensive management experience, expertise, and background on strategic, operational, accounting and financial matters for both
public and private companies; and

Mr. Klenk’s years
of leadership experience with emerging technology companies, his high levels of customer and employee focus, and his demonstrated
ability to lead companies through significant growth cycles.

<div align='center'>7</div>

Vote Required for Approval of Proposal 1

The affirmative vote
of the holders of a majority of the shares of Common Stock represented at the Annual Meeting in person or by proxy and entitled
to vote is required for approval of this proposal.

Vote Required for Approval of Proposal 2

Directors will be elected
by a plurality of the votes cast by holders of Common Stock represented at the Annual Meeting in person or by proxy and entitled
to vote on this proposal.

The Board of Directors recommends that shareholders vote FOR setting the number of directors at five and FOR the election of each director nominee listed above.

<div align='center'>8

SECURITY OWNERSHIP OF CERTAIN

BENEFICIAL OWNERS AND MANAGEMENT</div>

The following table
sets forth information, as of February 27, 2025, regarding the beneficial ownership of the outstanding shares of Common Stock by
persons known by the Company to beneficially own more than 5% of the outstanding shares of Common Stock, by directors and director
nominees, by the only executive officer named in the Summary Compensation Table, and by the Company’s current directors and
executive officer as a group. If an individual’s address is not provided, the individual’s address is 6111 Blue Circle
Drive Minnetonka MN 55343.

|                                               |     |          Common Stock