MicroVision (MVIS) Proxy filing summary

Executive summary

• Leadership transition brought a new CEO and strategic plan focused on commercializing lidar technology and expanding product offerings.

• Achieved initial milestones, shifted from R&D to commercial operations, and now aggressively pursuing commercial strategy.

• Diversified revenue streams targeted across automotive, industrial, defense, and other sectors, with over 100 customer engagements in progress.

• Emphasis on building a scalable perception platform with hardware and software solutions for multiple industries.

• Leadership team strengthened with experienced executives to drive execution and rebuild shareholder trust.

Voting matters and shareholder proposals

• Proposal 2 seeks approval for issuing shares to repay 2026 Convertible Notes using equity, conserving cash for operations.

• Proposal 3 requests authorization for a reverse stock split and reduction of authorized shares from 510 million to 150 million to maintain Nasdaq compliance.

• Board recommends voting in favor of both proposals to provide flexibility and support the strategic plan.

Board of directors and corporate governance

• Board and management emphasize the need for tools to manage capital resources and compliance risks.

• Board Chair and Executive Vice Chair participated in shareholder Q&A to address concerns and explain proposals.