NeoVolta (NEOV) Proxy Filing summary

Executive summary

• The annual meeting is scheduled for December 10, 2024, with voting on director elections, auditor ratification, and an amendment to the 2019 Stock Plan.

• Proxy materials are distributed primarily via the Internet to expedite delivery and reduce costs.

• Only stockholders of record as of October 18, 2024, are eligible to vote.

Voting matters and shareholder proposals

• Stockholders will vote on electing five directors, ratifying MaloneBailey, LLP as auditor for FY ending June 30, 2025, and approving an amendment to increase shares under the 2019 Stock Plan by 5,000,000.

• The Board recommends voting FOR all proposals.

• Shareholder proposals and director nominations for the 2025 meeting must be submitted by July 3, 2025.

Board of directors and corporate governance

• The Board consists of five members, with a majority being independent under Nasdaq rules.

• Committees include Audit, Compensation, and Nominating and Governance, all composed of independent directors.

• The Board emphasizes diversity, ethics, and risk oversight, and has adopted policies on insider trading and hedging.

• Directors are encouraged, but not required, to attend annual meetings.