Company: LIDRW
Filing Date: 2025-04-10
Form Type: PREC14A
Source: 0001104659-25-033731
Chunk: 25

Company: AEye, Inc.
Filing Date: 2025-04-10
Form: PREC14A
Chunk 25
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 not be entitled
to vote your shares on any “non-routine” matters, absent instructions from you. We urge you to instruct your broker about
how you wish your shares to be voted.

VOTES REQUIRED FOR APPROVAL

Election of Directors ─ According
to the Company’s proxy statement, the Company has adopted a plurality vote standard for contested director elections (an election
in which the number of nominees for director is greater than the number of directors to be elected). Accordingly, the two (2) directors
receiving the highest number of affirmative votes will be elected as directors of the Company. Withhold votes and broker non-votes, if
any, will not affect the outcome of the vote on the election of directors. Brokers do not have authority to vote on the election of directors
without instructions from the beneficial owner.

Ratification of Selection of Independent Registered Public Accounting Firm ─ According to the Company’s proxy statement, the affirmative vote of the holders of a majority
of the voting power of the shares present or represented by proxy at the annual meeting and entitled to vote on the subject matter will
be required to ratify the Audit Committee’s selection of KPMG LLP as the Company’s independent registered public accounting
firm for the fiscal year ending December 31, 2025. Abstentions will have the same effect as a vote against the proposal.

Increase in Number of Shares of Common Stock Issuable under the Company’s 2021 Equity Incentive Plan─ According to the Company’s proxy statement, the affirmative
vote of the holders of a majority of the voting power of the shares present or represented by proxy at the annual meeting and entitled
to vote on the subject matter will be required to approve the amendment to the Company’s 2021 Equity Plan to increase the number
of shares available for issuance under the 2021 Equity Plan by 2,500,000 shares. Abstentions will have the same effect as a vote against
the proposal. Brokers do not have authority to vote on this Proposal without instructions from the beneficial owner.

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Recommendation of the declassification of the Board─ According to the Company’s proxy statement, the affirmative vote of the holders of a majority of the voting power
of the shares of stock present or represented by proxy at the Annual Meeting and entitled to vote on the subject matter will be required
to approve this Proposal. An abstention will have the same effect as a vote against the proposal because an abst