AXT (AXTI) Proxy filing summary

Executive summary

• Annual Meeting convened on May 14, 2026, was adjourned due to lack of quorum and will reconvene on June 4, 2026 at company headquarters.

• No business was conducted at the initial meeting; proposals remain unchanged for the reconvened meeting.

• Proxy solicitor Alliance Advisors engaged to help achieve quorum and solicit additional votes.

• Record date for voting remains March 20, 2026; proxies representing about 48% of shares had been submitted at adjournment.

• Stockholders who already voted and do not wish to change their vote need take no further action.

Voting matters and shareholder proposals

• Proposals to be voted on are unchanged from those in the definitive proxy statement filed March 31, 2026.

• Additional time provided for stockholders to vote due to insufficient quorum at the original meeting.

• Company continues to encourage eligible stockholders to vote or provide instructions to their brokers.

Risk oversight and compliance

• Forward-looking statements highlight risks and uncertainties regarding achieving quorum at the reconvened meeting.

• Risks and uncertainties are detailed in the company's SEC filings, including Form 10-K and 10-Q.