Akoustis Technologies (AKTSQ) Proxy Filing summary

Executive summary

• The annual meeting will be held virtually on November 21, 2024, to address key governance and business matters.

• Stockholders will vote on director elections, executive compensation, a reverse stock split, and auditor ratification.

• The Board recommends voting in favor of all proposals and director nominees.

• The reverse stock split aims to maintain Nasdaq listing compliance and improve stock marketability.

Voting matters and shareholder proposals

• Six directors are nominated for one-year terms expiring at the 2025 annual meeting.

• Advisory vote on executive compensation is included, with annual frequency.

• Proposal to amend the certificate of incorporation for a reverse stock split at a ratio between 1-for-50 and 1-for-250, to be selected by the Board.

• Ratification of Marcum LLP as independent auditor for fiscal year ending June 30, 2025.

• No other business is anticipated at the meeting.

Board of directors and corporate governance

• Board consists of six members, with a majority deemed independent under Nasdaq rules.

• Leadership structure separates CEO and Co-Chairmen roles for independent oversight.

• Board committees include Audit, Compensation, Nominating, Technology, and IT Governance.

• Board diversity matrix and code of ethics are disclosed.

• Directors are encouraged to attend annual meetings; all attended in 2023.