| TIME AND DATE | | | LOCATION | |
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Friday, May 20, 2022
10:00 a.m. Eastern Time |
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Online Meeting Only — No Physical Meeting Location
Virtual Meeting Site: www.virtualshareholdermeeting.com/AEYE2022 |
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| Internet | | | Telephone | | | | | Webcast | | |
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Visit the Web site noted on your proxy card or your Notice of Internet Availability to vote via the Internet.
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Use the toll-free telephone number on your proxy card to vote by telephone.
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Sign, date and return your proxy card in the enclosed envelope to vote by mail, if you have requested or receive paper copies of the proxy materials.
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Participate in the meeting and vote electronically at
www.virtualshareholdermeeting.com/AEYE2022. |
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| | | | | A-1 | | | |
| | | | | B-1 | | |
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Board Diversity Matrix (As of March 23, 2022)
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Total Number of Directors
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| | | | 5 | | | |
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| | | | | | | | |
Female
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Male
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Did Not
Disclose Gender |
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Part I: Gender Identity | | | | | | | | | | | | | | | | | | | | | | | | | |
Directors
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| | | | | | | | | | — | | | | | | 2 | | | | | | 3 | | |
Part II: Demographic Background | | | | | | | | | | | | | | | | | | | | | | | | | |
White
|
| | | | | | | | | | — | | | | | | 2 | | | | | | — | | |
LGBTQ+
|
| | | | 1 | | | | | | |||||||||||||||
Did Not Disclose Demographic Background
|
| | | | 3 | | | | | | |||||||||||||||
Directors with Disabilities
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| | | | 1 | | | | | | |||||||||||||||
Directors who identify as Middle Eastern/North African
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| | | | 1 | | | | | |
Director Name
|
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Fees Earned or
Paid in Cash ($) |
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Stock
Awards ($)(1)(2) |
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Total ($)
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Dr. Carr Bettis
|
| | | | 89,059 | | | | | | 150,457(3) | | | | | | 239,516 | | |
Anthony Coelho
|
| | | | — | | | | | | 129,029(4) | | | | | | 129,029 | | |
Marc Lehmann
|
| | | | — | | | | | | 116,824(5) | | | | | | 116,824 | | |
Jamil Tahir
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| | | | — | | | | | | 199,618(6) | | | | | | 199,618 | | |
Name
|
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Title
|
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David Moradi(1) | | | Chief Executive Officer | |
Christopher Hundley(2) | | | President | |
Kelly Georgevich(3) | | | Chief Financial Officer | |
Name and Principal Position
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Year
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Salary
($) |
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Bonus
($) |
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Stock
Awards(1) ($) |
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All Other
Compensation ($) |
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Total
($) |
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David Moradi(2)
Chief Executive Officer and Director |
| | | | 2021 | | | | | | 1 | | | | | | — | | | | | | 2,773,500(3) | | | | | | — | | | | | | 2,773,500 | | |
| | | 2020 | | | | | | 1 | | | | | | — | | | | | | 4,934,293(4) | | | | | | — | | | | | | 4,934,293 | | | ||
Christopher Hundley,
President |
| | | | 2021 | | | | | | 273,269 | | | | | | — | | | | | | 1,603,722(5) | | | | | | — | | | | | | 1,876,991 | | |
Kelly Georgevich
Chief Financial Officer |
| | | | 2021 | | | | | | 156,198 | | | | | | 26,575 | | | | | | 574,671(6) | | | | | | — | | | | | | 757,444 | | |
Performance Condition
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Number of Performance
Stock Units Vesting if Performance Condition Achieved |
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Monthly recurring revenue greater than or equal to $3.0 million for two consecutive calendar months
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| | | | 55,000 | | |
Monthly recurring revenue greater than or equal to $5.0 million for two consecutive calendar months
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| | | | 50,000 | | |
Volume Weight Average Price (“VWAP”) greater than or equal to $25 on The Nasdaq
Stock Market LLC (“Nasdaq”) over 20 consecutive trading days |
| | | | 55,000 | | |
VWAP greater than or equal to $50 on Nasdaq over 20 consecutive trading days
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| | | | 50,000 | | |
VWAP greater than or equal to $100 on Nasdaq over 20 consecutive trading days
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| | | | 50,000 | | |
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Stock Awards
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Name
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Number of
shares or units of stock that have not vested (#) |
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Market value
of shares or units of stock that have not vested ($)(1) |
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Equity
Incentive Plan Awards: Number of unearned shares, units or other rights that have not vested (#)(2) |
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Equity
Incentive Plan Awards: Market or payout value of unearned shares, units or other rights that have not vested ($)(1) |
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David Moradi
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| | | | — | | | | | | — | | | | | | 205,000 | | | | | | 1,439,100 | | |
Christopher Hundley(3)
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| | | | 65,916 | | | | | | 462,730 | | | | | | 17,446 | | | | | | 122,471 | | |
Kelly Georgevich(4)
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| | | | 28,852 | | | | | | 202,541 | | | | | | 23,740 | | | | | | 166,655 | | |
Name
|
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Value of
Accelerated RSUs and PSUs ($) |
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David Moradi
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| | | | 1,439,100 | | |
Christopher Hundley
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| | | | 585,201 | | |
Kelly Georgevich
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| | | | 369,196 | | |
Name
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Number of Shares Subject to Awards (#)
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David Moradi, Chief Executive Officer
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| | | | 100,000 | | |
Christopher Hundley, President
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| | | | 89,472 | | |
Kelly Georgevich, Chief Financial Officer
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| | | | 57,704 | | |
All current executive officers as a group
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| | | | 256,266 | | |
All non-employee directors as a group
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| | | | 24,526 | | |
Name
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Number of Shares Subject to Awards (#)
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All employees, other than executive officers, as a group
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| | | | 472,687 | | |
All consultants, as a group
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| | | | 27,277 | | |
Plan Category
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(a)
Number of securities to be issued upon exercise of outstanding options or settlement of outstanding RSUs and PSUs |
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(b)
Weighted-average exercise price of outstanding options(1) |
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(c)
Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) |
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Equity compensation plans approved by security holders
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| | | | 1,342,395(2) | | | | | $ | 12.94 | | | | | | 246,199(3) | | |
Equity compensation plans not approved by securityholders
|
| | | | — | | | | | | — | | | | | | — | | |
Total
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| | | | 1,342,395 | | | | | | 12.94 | | | | | | 246,199 | | |
| | | | Audit Committee | |
| | | | | |
| | | |
Jamil Tahir (Chairman)
Anthony Coelho Marc Lehmann |
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Year Ended December 31,
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2021
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2020
|
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Audit Fees
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| | | $ | 179,000 | | | | | $ | 146,000 | | |
Audit-Related Fees
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| | | | 13,000 | | | | | | 18,650 | | |
Tax Fees
|
| | | | — | | | | | | — | | |
All Other Fees
|
| | | | — | | | | | | — | | |
Total
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| | | $ | 192,000 | | | | | $ | 164,500 | | |
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Common Stock
|
| |||||||||
5% or Greater Beneficial Owners
|
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Number of
Shares Beneficially Owned(1) |
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Percentage
Beneficially Owned(1)(2) |
| ||||||
Keith Kosow
KTK Capital, Inc. Cedar Holdings MGMT(3) |
| | | | 621,058(4) | | | | | | 5.4% | | |
J. Carlo Cannell
Cannell Capital LLC(5) |
| | | | 595,614(6) | | | | | | 5.2% | | |
Directors and Executive Officers | | | | | | | | | | | | | |
David Moradi
|
| | | | 3,227,252(7) | | | | | | 28.1% | | |
Dr. Carr Bettis
|
| | | | 793,835(8) | | | | | | 6.9% | | |
Kelly Georgevich
|
| | | | 5,112(9) | | | | | | * | | |
Dominic Varacalli
|
| | | | 25,254(10) | | | | | | * | | |
Marc Lehmann
|
| | | | 96,638(11) | | | | | | * | | |
Jamil Tahir
|
| | | | 200,000(12) | | | | | | 1.7% | | |
Anthony Coelho
|
| | | | 85,471(13) | | | | | | * | | |
Christopher Hundley
|
| | | | 22,029(14) | | | | | | * | | |
All current directors and executive officers as a group (8 persons)
|
| | | | 4,455,591(15) | | | | | | 38.8% | | |
| By Order of the Board of Directors | | | | |
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/s/ JAMES SPOLAR
James Spolar
General Counsel and Secretary |
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