AEye Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Regulation FD Disclosure, Financial Statements and Exhibits
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FORM
CURRENT REPORT
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| Item 5.07. | Submission of Matters to a Vote of Security Holders. |
On May 15, 2025, AEye, Inc. (the “Company”) held its 2025 Annual Meeting of Stockholders (the “Meeting”). Present in person or by proxy at the Meeting were shares of Common Stock representing 7,158,617 votes, or approximately 38.30% of the 18,690,177 shares outstanding and entitled to vote as of the record date of April 4, 2025, and which constituted a quorum.
At the Meeting, the Company’s stockholders: (i) elected the Company’s nominees, Timothy J. Dunn and Sue E. Zeifman, each to serve as a Class I director of the Company until the 2028 Annual Meeting of Stockholders; (ii) ratified the selection of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025 as described in Proposal Two; (iii) did not approve an increase in the number of shares of common stock issuable under our 2021 Equity Incentive Plan as described in Proposal Three; (iv) did not approve an advisory stockholder proposal to declassify the Board structure as described in Proposal Four; (v) did not approve an advisory stockholder proposal to reduce the number of authorized shares of common stock as described in Proposal Five; and (vi) did not approve an advisory stockholder floor proposal to reduce the number of authorized shares of common stock as presented at the Meeting.
The following tables set forth the results of the voting at the Meeting.
Proposal One – to elect two (2) Class I directors each to hold office until the Company’s 2028 Annual Meeting of Stockholders and until his or her successor is duly elected and qualified, or until his or her earlier death, resignation, or removal:
| Company’s Board of Director Nominees | For | Withheld | Broker Non-votes |
|
Timothy J. Dunn
|
3,615,850
|
3,281,941
|
0
|
| Sue E. Zeifman | 3,567,970 | 3,329,822 | 0 |
| Founders Group Nominees | For | Withheld | Broker Non-votes |
|
Pamela Bauer
|
3,124,338 |
3,778,292 |
0 |
|
Ransom P. Wuller
|
3,151,769 | 3,750,861 | 0 |
Each of the Company’s nominees, Timothy J. Dunn and Sue E. Zeifman, received the required affirmative vote of holders of a plurality of the votes cast and, therefore, each of the Company’s nominees was elected as a Class I director to hold office until the Company’s 2028 Annual Meeting of Stockholders, and until his or her successor is duly elected and qualified, or until his or her earlier death, resignation, or removal.
Proposal Two – to ratify the selection of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025:
| For | Against | Abstain | Broker Non-votes |
|
5,508,333 |
393,814 |
1,256,470 |
0 |
Proposal Two required the affirmative vote of the holders of a majority of the voting power of the shares of stock present at the Meeting or represented by proxy and entitled to vote thereon and was approved by stockholders as set forth in the table above.
Proposal Three – to approve an increase in the number of shares of Common Stock issuable under the Company’s 2021 Equity Incentive Plan by 2,500,000 shares:
| For | Against | Abstain | Broker Non-votes |
|
3,142,329 |
3,508,461 |
252,516 |
0 |
Proposal Three required the affirmative vote of the holders of a majority of the voting power of the shares of stock present at the Meeting or represented by proxy and entitled to vote thereon and was not approved by stockholders as set forth in the table above.
Proposal Four – to approve an advisory stockholder proposal to declassify the Board:
| For | Against | Abstain | Broker Non-votes |
|
3,435,466 |
3,247,141 |
220,699 |
0 |
Proposal Four required the affirmative vote of the holders of a majority of the voting power of the shares of stock present at the Meeting or represented by proxy and entitled to vote thereon and was not approved by stockholders as set forth in the table above.
Proposal Five – to approve an advisory stockholder proposal to reduce the number of authorized shares of common stock:
| For | Against | Abstain | Broker Non-votes |
|
3,277,220 |
3,466,913 |
159,173 |
0 |
Proposal Five required the affirmative vote of the holders of a majority of the voting power of the shares of stock present at the Meeting or represented by proxy and entitled to vote thereon and was not approved by stockholders as set forth in the table above.
Proposal Six – to approve an advisory stockholder floor proposal to reduce the number of authorized shares of common stock:
| For | Against | Abstain | Broker Non-votes |
|
2,310,009 |
4,808,788 |
39,820 |
0 |
Proposal Six required the affirmative vote of the holders of a majority of the voting power of the shares of stock present at the Meeting or represented by proxy and entitled to vote thereon and was not approved by stockholders as set forth in the table above.
| Item 7.01 | Regulation FD Disclosure. |
On May 20, 2025, the Company issued a press release (the “Press Release”) regarding the results of the Meeting. A copy of the Press Release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information provided in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
| Item 9.01. | Financial Statement and Exhibits. |
(d) Exhibits.
| Exhibit Number | Description |
| 99.1 | Press Release, dated May 20, 2025 |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| AEye, Inc. | |||
| Dated: May 20, 2025 | |||
| By: | /s/ Andrew S. Hughes | ||
| Andrew S. Hughes | |||
| Senior Vice President, General Counsel & Corporate Secretary | |||