Good morning. Welcome to the 2026 Annual Meeting of Shareholders of MicroVision, Inc. I'm Bob Carlile, Chairman of the Board and chair of this meeting. At this time, I call this meeting to order. As chair of the meeting, I have adopted the agenda that will govern the order of business at this meeting. The agenda is available for you to view near the bottom right section of your screen. This meeting is being recorded. Before we proceed with the business of the meeting, I would like to introduce our officers and directors who are in attendance today. Our executive officers are Glen De Vos, a Director and our Chief Executive Officer, Steve Hrynewich, our Interim Chief Financial Officer, Simon Biddiscombe, a Director and Executive Vice Chair, and Drew Markham, our General Counsel and Secretary. Drew will serve as secretary at this meeting. Glen, would you like to say a few words? Thank you, Bob. Good morning. Thank you all for attending our annual meeting. We will keep the focus this morning on the annual meeting topics, but I want you to know that it is important to me and the board that I do a good job communicating to shareholders about our vision, the strategy for MicroVision, and how we're executing that. I hope that our recent business update and shareholder Q&A, along with the subsequent Q&As that we shared, convey the key elements of our strategic plan, including where we're headed and how we'll measure our success. Our team is aggressively working to deliver on our objectives. I look forward to updating you on our progress during our next quarterly earnings call, where we will provide a business update in much more detail and address your questions, which we are receiving this morning and, as always, are very much appreciated. Returning to the focus of today's meeting, however, I'll turn things back over to Bob. Thank you, Glen. I would like to thank the company's officers, directors, and all of our employees for their hard work and contributions over the past year. I'll now introduce our independent directors. Jeff Herbst was a long tenured senior executive at Nvidia and co-founder of a venture capital firm. He is chair of our Compensation Committee and a member of our Audit Committee. Laura Peterson spent more than 20 years in leadership roles at Boeing and later served as CEO of Palladyne AI, where she led the company's strategic transformation. She is chair of our Nominating and Governance Committee and a member of our Compensation Committee. Peter Schabert was a long tenured senior executive at Daimler and now currently a management consultant advising companies in the automotive supply industry. He is a member of our Nominating and Governance Committee. Jada Smith is currently the Vice President, Global Program Management at Fluence Energy and has extensive leadership experience in the energy, automotive, and technology industries. She's a member of our Audit Committee and our Nominating and Governance Committee. Present virtually are representatives of Baker Tilly US, LLP, serving as our independent auditor and a representative Broadridge, who has been appointed by the board as Inspector of Election and has taken and subscribed and sworn to the customary oath of office to execute her duties with strict impartiality. We will file this oath with the records of the meeting. I will now turn the meeting over to Drew Markham, our general counsel and corporate secretary, who confirmed the mailing of the notice to shareholders and conduct the vote for the official portion of our meeting. Drew? Thank you, Bob. Good morning. The Board of Directors fixed May 28th, 2026, as the record date to determine the shareholders entitled to vote at this meeting. On June 11th, 2026, her proxy statement and annual report were made available to shareholders of record as of the record date, informing shareholders of the meeting date. Shareholders were also mailed or emailed copies of those proxy materials along with their proxy cards. I have available for inspection affidavits of mailing as evidence of timely and proper notice. This meeting has been duly called and notice properly given. We are informed by the Inspector of Election that sufficient shares of the company's outstanding capital stock and amount of the outstanding voting power are represented by proxy or in person to constitute a quorum for the items of business to be voted on at this annual meeting. A quorum is accordingly present. We may proceed with the transaction of business as stated in the notice of meeting. I will now briefly describe for you the proposals subject to a vote today. A more detailed description of those proposals can be found in the proxy statement. There are five proposals to be voted on at today's meeting. The first proposal is the election of seven directors to serve until the annual meeting of shareholders in 2027. The board of directors has nominated Simon Biddiscombe, Bob Carlile, Glen De Vos, Jeff Herbst, Laura Peterson, Peter Schabert, and Jada Smith for election at this meeting, as described in the proxy statement. The board of directors recommends that shareholders vote for each of these nominees. The second proposal is the approval of the issuance of shares of the company's common stock pursuant to the senior secured convertible notes issued to an institutional investor on February 23, 2026. The board of directors recommends that shareholders vote for this proposal. The third proposal is the approval of amendments to the company's certificate of incorporation, authorizing the MicroVision board of directors to effect a reverse stock split at a ratio of not less than 1: 5 and not more than 1: 15, and simultaneously reduce authorized shares to $150 million. With the exact ratio and effective time of the reverse stock split, if any, to be determined by our board of directors at any time within one year of the date of the 2026 annual meeting. The board of directors recommends that shareholders vote for this proposal. The fourth proposal is the approval on a non-binding advisory basis of the compensation of the company's named executive officers, as disclosed in the proxy statement under the heading Executive Compensation, commonly referred to as Say on Pay. The board of directors recommends that shareholders vote for this proposal. The fifth and final proposal to be voted on today is the ratification of the selection of Baker Tilly US, LLP as our independent registered public accounting firm for the 2026 fiscal year. The board of directors recommends that shareholders vote for this proposal. We are now ready to vote on the proposals. The board chair and I declare the polls officially open. The time is currently 9:07 A.M. Pacific Time. Anyone who has previously voted by proxy need not vote at this time, as such proxies will be officially voted. If you would like to vote now and you registered using your control number to get into this meeting, you can click on the Vote Here button on the virtual annual meeting page, make your selections, and click Submit. Votes submitted online today will be transmitted to our Inspector of Elections. If you have already voted by mail, telephone or online, you do not need to take any action now. Now we'll pause for a moment to allow people to vote. The board chair and I now declare the polls closed. The time is currently 9:09 A.M. Pacific Time. Before the meeting, the Inspector of Election informed me of the preliminary results based on proxy votes received prior to the meeting. Any votes submitted during the meeting just now will be certified, and the votes included in the final report of the Inspector Broadridge. The final voting results will also be included in a current report on Form 8-K that we will file with the SEC. On proposal one, Simon Biddiscombe, Bob Carlile, Glen De Vos, Jeff Herbst, Laura Peterson, Peter Schabert, and Jada Smith are the candidates for director who have received the highest number of affirmative votes in the election of directors, and therefore these seven individuals have been elected to serve as directors until the 2027 annual meeting. On proposal two, the proposal to approve the issuance of shares of the company's common stock pursuant to the senior secured convertible notes issued to an institutional investor on February 23, 2026, as described in the proxy statement, has received the affirmative vote of a majority of the votes properly cast of MicroVision common stock, and therefore proposal two has been approved. Proposal three is the proposal to approve the amendments to the company's certificate of incorporation to effect a reverse stock split of common stock and simultaneously reduce authorized shares to 150 million, as described in the proxy statement. It has received the affirmative vote of a majority of the votes properly cast of MicroVision common stock and has therefore been approved. Proposal four, regarding the advisory approval of named executive officer compensation as described in the proxy statement, has received more votes in favor of the proposal than votes against the proposal and therefore has been approved. Proposal five, to ratify the appointment of Baker Tilly US, LLP as MicroVision's independent registered public accounting firm for the 2026 fiscal year, has received more votes in favor of the proposal than votes against the proposal, and therefore Baker Tilly's appointment has been ratified. This concludes the formal business of the MicroVision 2026 Annual Meeting of Shareholders. The shareholder meeting is now adjourned. I'll now turn things back over to our board chair, Bob Carlile. Bob? Thank you, Drew. Before we end the session today, I'd like to say a few words to our loyal and longtime shareholders. Thank you. Thank you very much for providing the tools we need to pursue the company's strategic plan. I sincerely believe that the company is in the best strategic position it has been in the nine years I've been involved with the company. It's now up to the board and the management team to execute. We're going to do everything we can to do that. Thank you very much. We appreciate your continuing support. This concludes our session. This concludes today's annual meeting. You may now disconnect.
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