Moving Image Technologies (MITQ) Proxy Filing summary

Executive summary

• Fiscal 2024 began with strong revenue growth but was impacted by Hollywood strikes, causing delays in customer spending and short-term headwinds.

• Strategic initiatives included a 758,000 share repurchase and the launch of higher-margin recurring revenue products such as MiTranslator, E-caddy, and CineQC.

• Expansion into Esports and smart venue technology, with MovEsports and E-caddy gaining traction in new markets.

• Management implemented $600,000 in annualized cost reductions to enhance efficiency and operating leverage.

• The cinema industry is entering a technology refresh cycle, presenting significant sales opportunities over the next four years.

Voting matters and shareholder proposals

• Shareholders will vote to elect five directors and to ratify the appointment of Haskell & White LLP as the independent registered public accounting firm for fiscal year ending June 30, 2025.

• Stockholders may submit proposals for the 2025 annual meeting by July 10, 2025, and director nominations must comply with bylaw procedures.

• Voting can be conducted via internet, mail, email, fax, or in person at the annual meeting.

Board of directors and corporate governance

• The board consists of five nominees, all with significant industry, financial, or legal experience.

• Three directors are independent under NYSE American rules; board committees are fully independent.

• Board leadership combines CEO and Chairman roles; risk oversight is a collective board responsibility, with committees handling specific risks.

• The board encourages diversity and evaluates nominees based on integrity, experience, and skills.

• Non-employee directors receive equity-based compensation to align interests with shareholders.