RCS - MicroVision, Inc. - Proxy Advisory Firms: Vote FOR MVIS Proposals

MicrovisionAnnouncement

04/05/2023 08:15

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RNS Number : 3456Y  MicroVision, Inc.  03 May 2023

Independent Proxy Advisory Firms ISS & Glass Lewis Recommend MicroVision
Shareholders Vote FOR Proposals at Upcoming Annual Meeting of Shareholders

REDMOND, WA / ACCESSWIRE / May 3, 2023 / MicroVision, Inc. (NASDAQ:MVIS), a
leader in MEMS-based solid-state automotive lidar and advanced
driver-assistance systems (ADAS) solutions, today announced that leading
independent proxy advisory firms Institutional Shareholder Services Inc.
("ISS") and Glass Lewis & Co. ("Glass Lewis") have each recommended that
MicroVision shareholders vote "FOR" the Company's proposals at its Annual
Meeting of Shareholders to be held on May 17, 2023 at 9:00 am PT (the "Annual
Meeting").

At the Annual Meeting, shareholders will be asked to elect seven director
nominees, approve an amendment to the Company's certificate of incorporation
increasing MicroVision's authorized shares of common stock from 210 million
shares to 310 million shares, provide two advisory votes related to executive
compensation, and ratify the appointment of auditors for the current fiscal
year.

"We are pleased that both ISS and Glass Lewis agree with the Board that a vote
to increase the authorized number of shares of MicroVision's common stock is
in the best interest of the Company and shareholders," said Sumit Sharma,
Chief Executive Officer. "Every vote is important and I encourage shareholders
to support the Company by voting to approve the proposals in our Proxy
Statement in advance of the Annual Meeting."

As an independent proxy advisory firm, ISS has approximately 3,400 clients
including many of the world's leading institutional investors who rely on ISS'
objective and impartial analysis to make important voting decisions. Glass
Lewis is an independent proxy advisor to institutional investors, covering
30,000 shareholder meetings each year, across approximately 100 global
markets. Clients of ISS and Glass Lewis include the majority of the world's
largest pension plans, mutual funds, and asset managers who collectively
manage over $40 trillion in assets.

EVERY SHAREHOLDER'S VOTE IS IMPORTANT - PLEASE VOTE TODAY

Detailed information about the proposals can be found in MicroVision's Proxy
Statement, which is available to shareholders at
ir.microvision.com/sec-filings. Using their control number, shareholders can
vote at www.proxyvote.com (https://pr.report/ohDyL3ln) . Shareholders can
participate electronically in MicroVision's virtual Annual Meeting at
www.virtualshareholdermeeting.com/MVIS2023 (https://pr.report/5HcM-OQ7) .

If shareholders have any questions or need assistance voting shares, they may
contact the firm assisting the Company in solicitation of proxies: Saratoga
Proxy Consulting LLC at (212) 257-1311, (888) 368-0379 or
info@saratogaproxy.com.

About MicroVision

With over 350 employees and global presence in Redmond, Detroit, Hamburg, and
Nuremberg, MicroVision is a pioneering company in MEMS-based laser beam
scanning technology that integrates MEMS, lasers, optics, hardware, algorithms
and machine learning software into its proprietary technology to address
existing and emerging markets. The Company's integrated approach uses its
proprietary technology to provide automotive lidar sensors and solutions for
advanced driver-assistance systems (ADAS) and for non-automotive applications
including industrial, smart infrastructure and robotics. The Company has been
leveraging its experience building augmented reality micro-display engines,
interactive display modules, and consumer lidar modules.

For more information, visit the Company's website at www.microvision.com
(https://pr.report/Yax37bzt) , on Facebook at www.facebook.com/microvisioninc
(https://pr.report/OUmJYGDh) , and LinkedIn at
https://www.linkedin.com/company/microvision/ (https://pr.report/yOt4zf3o) .

MicroVision, MAVIN, MOSAIK, and MOVIA are trademarks of MicroVision, Inc. in
the United States and other countries. All other trademarks are the properties
of their respective owners.

Investor Relations Contact:

Jeff Christensen

Darrow Associates Investor Relations

MVIS@darrowir.com

Media Contact:

Robyn Komachi

Marketing@MicroVision.com

SOURCE: MicroVision, Inc.

 

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