Nexalin Technology (NXL) Proxy filing summary

Executive summary

• Annual Meeting scheduled for August 26, 2024, to be held virtually, with voting on key proposals including director elections, equity plan amendment, and auditor ratification.

• Record date for voting is July 17, 2024; shareholders can vote online, by phone, or mail.

• Proxy materials and annual report are available electronically to promote cost savings and environmental responsibility.

Voting matters and shareholder proposals

• Shareholders will vote on electing five directors, amending the 2023 Equity Incentive Plan, and ratifying Marcum LLP as independent auditors for 2024.

• Amendment to the equity plan seeks to increase reserved shares from 1,500,000 to 6,000,000.

• Shareholders may submit proposals for the 2025 meeting by January 1, 2025.

Board of directors and corporate governance

• Board consists of five members, with three deemed independent under NASDAQ standards.

• Board committees include Audit, Compensation, and Nominating, each with defined charters and independent membership.

• Board diversity matrix discloses gender and racial composition; one female and four male directors.

• Board leadership structure separates Chairman and CEO roles for enhanced governance.