Atlas Lithium (ATLX) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for May 28, 2025, to be held virtually, with voting and Q&A available online.

• Four main proposals: election of five directors, ratification of external auditor, approval of non-employee director compensation, and amendment to the stock incentive plan.

• Only stockholders of record as of April 1, 2025, are eligible to vote; proxy materials are available online.

Voting matters and shareholder proposals

• Proposals include: electing five directors, ratifying Pipara & Co. LLP as auditor, approving non-employee director compensation, and amending the 2023 Stock Incentive Plan to increase reserved shares from 2M to 3M.

• Board recommends voting FOR all proposals.

• Voting can be done online, by phone, or by mail; instructions provided in proxy materials.

• Shareholders may submit additional proposals for the 2026 meeting by December 16, 2025.

Board of directors and corporate governance

• Board consists of five directors, three of whom are independent per Nasdaq rules.

• CEO Marc Fogassa holds 65.6% of voting power, making the company a "controlled company" under Nasdaq rules.

• Board committees: Audit, Compensation, and Nominations, all comprised of independent directors.

• Board met 25 times in 2024; all directors attended at least 75% of meetings.

• Board has policies on insider trading, hedging, and a clawback policy for incentive compensation.