AEye (LIDR) Proxy Filing summary

Executive summary

• Urges stockholders to vote using the WHITE proxy card for Board nominees and against dissident proposals at the May 15, 2025 annual meeting.

• Highlights endorsements from ISS and Glass Lewis for current Board and management.

• Emphasizes recent milestones: Apollo product launch, partnership with LITEON, expanded customer pipeline, 75% reduction in quarterly spend, and $24M in new capital raised.

• Addresses dissident claims, asserting current leadership is executing a revitalized strategy and protecting shareholder value.

• Notes forward-looking statements regarding growth, value creation, and cost efficiencies, with associated risks disclosed in SEC filings.

Voting matters and shareholder proposals

• Recommends voting FOR Board nominees Timothy Dunn and Sue Zeifman, FOR Proposals 2 and 3, and WITHHOLD on dissident proposals 4 and 5.

• Dissident Group intends to present Proposal 6 as a floor proposal, which was not properly submitted and will be opposed by the Board.

• Only the latest dated proxy card will count; Board urges use of the WHITE universal proxy card.

Board of directors and corporate governance

• Board recently refreshed with new members, including Mr. Simon, to enhance diversity and expertise.

• Board nominees have experience in commercializing and scaling high-tech products; dissident nominees lack public company board experience.

• Board and management have constructively engaged with the Dissident Group but found no actionable plan from them.