Laser Photonics (LASE) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for August 30, 2024, will be held virtually, allowing shareholders to attend, submit questions, and vote online.

• Shareholders of record as of July 1, 2024, are eligible to vote on the election of four directors and the ratification of the independent auditor.

• Board recommends voting in favor of all proposals and emphasizes the importance of shareholder participation.

• Company targets government, Fortune 1000, and small/medium businesses with innovative laser technology solutions and has launched a Service Partner Network to expand market reach.

Voting matters and shareholder proposals

• Shareholders will vote on: (1) election of four directors; (2) ratification of Kreit & Chiu CPA LLP as independent auditor for fiscal 2024.

• Board recommends voting “FOR” all director nominees and auditor ratification.

• Shareholders may submit additional proposals for future meetings, with deadlines and requirements specified.

Board of directors and corporate governance

• Board consists of four directors, three of whom are independent under Nasdaq standards.

• Board committees include Audit, Compensation, and Nominating & Corporate Governance, each with defined responsibilities.

• Board values diversity in skills, experience, and demographics, and regularly holds executive sessions of independent directors.

• Company is a “controlled company” but maintains independent board practices.