Avax One Technology (AVX) Proxy filing summary

Executive summary

• Annual Meeting scheduled for November 25, 2024, with record date set as October 15, 2024.

• Shareholders will vote on five key proposals, including director elections, auditor ratification, a reverse stock split, and a new equity incentive plan.

• The Board unanimously recommends approval of all proposals.

• Proxy materials are available online, and shareholders are encouraged to vote by proxy if not attending in person.

Voting matters and shareholder proposals

• Election of five directors for a one-year term expiring in 2025.

• Ratification of Marcum LLP as independent auditor for fiscal year 2024.

• Approval of a reverse stock split at a ratio between 1:15 and 1:100 to regain Nasdaq compliance.

• Approval of the 2024 Equity Incentive Plan, reserving 30 million shares for awards.

• Other business may be transacted as properly brought before the meeting.

Board of directors and corporate governance

• Board consists of five directors, all serving until the 2025 annual meeting if reelected.

• Four directors are considered independent under Nasdaq standards.

• Three standing committees: Audit, Nominations and Corporate Governance, and Compensation.

• Advance notice provisions govern director nominations.