Company: ANY
Filing Date: 2025-03-28
Form Type: PRE 14A
Source: 0001628280-25-015485
Chunk: 31

Company: Sphere 3D Corp.
Filing Date: 2025-03-28
Form: PRE 14A
Chunk 31
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 firm required by PCAOB Rule 3526, Communication with Audit Committees Concerning Independence, regarding the firm’s communications with the Audit Committee concerning the firm’s independence and has discussed with the independent registered public accounting firm the firm’s independence from Company management and the Company and considered the compatibility of non-audit services with the firm’s independence.

In reliance on the reviews and discussions referred to above, the Audit Committee recommended to the Board, and the Board has approved, that the audited consolidated financial statements be included in the Annual Report on Form 10-K for the year ended December 31, 2024 filed by the Company with the Securities and Exchange Commission.

THE AUDIT COMMITTEE:

Timothy Hanley, Chairman

Susan Harnett

Duncan McEwan

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PROPOSAL NO. 3 - APPROVAL OF THE 2025 PERFORMANCE INCENTIVE PLAN</div>

At the Meeting, shareholders will be asked to approve the Sphere 3D Corp. 2025 Performance Incentive Plan (the “ 2025 Plan ”) (the “ Incentive Plan Proposal ”). The 2025 Plan was adopted by the Board on March 25, 2025, subject to shareholder approval. The persons named in the enclosed form of proxy intend to vote “FOR” the approval of the 2025 Plan.

The Company believes that incentives and share-based awards focus employees on the objective of creating shareholder value and promoting the success of the Company, and that incentive compensation plans like the 2025 Plan are an important attraction, retention and motivation tool for participants in the plan.

The Company currently maintains the Sphere 3D Corp. 2015 Performance Incentive Plan, as amended (the “ 2015 Plan ”). As of the Record Date, a total of [●] of the Company’s common shares were then subject to outstanding awards granted under the 2015 Plan, and an additional [●] of the Company’s common shares were then available for new award grants under the 2015 Plan. The 2015 Plan will expire on May 14, 2025.

If shareholders do not approve the 2025 Plan, the Company will not have a plan under which to incentivize and attract employees with share-based awards due to the expiration of the 2015 Plan.

Summary Description of the 2025 Performance Incentive Plan

The principal terms of the 2025 Plan are summarized below. The following summary is qualified in its entirety by the