Moving Image Technologies (MITQ) Proxy Filing summary

Executive summary

• Fiscal 2025 saw improved gross margin (25.2% vs. 23.3% prior year), reduced operating expenses by 9%, and positive operating cash flow, despite a modest revenue decline.

• Net cash position increased to $5.7M at FY'25 close, with a focus on higher-margin products and recurring revenue streams of $8–$9M annually.

• Acquired DCS loudspeaker product line in October 2025, expanding product offerings and global customer engagement opportunities.

• Strategic initiatives target diversification, operational efficiency, and international growth, positioning for future industry demand.

Voting matters and shareholder proposals

• Shareholders will vote to elect five directors and to ratify Haskell & White LLP as independent auditor for fiscal year ending June 30, 2026.

• Stockholders may submit proposals for the 2026 annual meeting between November 10 and December 10, 2026, following bylaw procedures.

Board of directors and corporate governance

• Board consists of five nominees, all currently serving, with three qualifying as independent under NYSE American rules.

• Board committees include Audit, Compensation, and Nominating, each fully independent and operating under written charters.

• Board leadership structure allows CEO and Chairman roles to be combined; independence and diversity are considered in nominations.

• Code of business conduct and ethics and insider trading policies are in place; directors and officers are indemnified.