Company: VUZI
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001104659-25-040266
Chunk: 31

Company: Vuzix Corp
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 31
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 our growth and performance. The plan is administered by our Board of Directors. 28 The following table summarizes information as of the close of business on December 31, 2024 concerning the 2023 Plan and prior 2014 Plan and the options outstanding.

| Plan category                                              |     | Number of     
 securities to 
 be            
 issued upon   
 exercise of   
 Outstanding   
 options       
 (a)           |            |     | Weighted-   
 average     
 Exercise    
 price       
 of          
 Outstanding 
 options     
 (b)         |       |     | Securities              
 remaining               
 available               
 for future              
 issuance                
 under                   
 equity                  
 compensation            
 plans                   
 (excluding              
 securities reflected in 
 column (a))             
 (c)                     |           |
|:-----------------------------------------------------------|:----|:--------------|-----------:|:----|:------------|------:|:----|:------------------------|----------:|
| Equity compensation plans approved by security holders     |     |               | 10,367,990 |     | $           | 12.41 |     |                         | 1,031,737 |
| Equity compensation plans not approved by security holders |     |               |          — |     |             |     — |     |                         |         — |
| Total                                                      |     |               | 10,367,990 |     | $           | 12.41 |     |                         | 1,031,737 |

Employment Agreements Paul Travers On August 1, 2007, we entered into an employment agreement with Paul Travers providing for his continued service as our Chief Executive Officer and President. Effective January 1, 2021, the Compensation and Human Capital Committee increased Mr. Travers’ annual base salary to $575,000; it had previously been $500,000 since May 1, 2017. He is also eligible to receive such periodic, annual or other bonuses as the Board of Directors in its sole discretion shall determine and to participate in all bonus plans established for our senior executives. The agreement also provides that Mr. Travers may be awarded, at the sole discretion of the Board of Directors, stock options and other awards under any plan or arrangement for which our senior executives are eligible. The level of his participation in any such plan or arrangement shall be determined by the Board of Directors in its sole discretion. To the greatest extent permissible under the Internal Revenue Code (the Code) and the regulations thereunder, options granted to Mr. Travers shall be incentive stock options