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Independent Proxy Advisory Firms Glass Lewis Recommends MicroVision Shareholders Vote for Proposals at Upcoming Annual Meeting of Shareholders
REDMOND, WA / ACCESS Newswire / June 25, 2026 / MicroVision, Inc. (NASDAQ:MVIS), a leader in advanced perception solutions for industrial, security, defense, and automotive applications, today announced that leading independent proxy advisory firm ...
About this update from Microvision, Inc.
REDMOND, WA / ACCESS Newswire / June 25, 2026 / MicroVision, Inc. (NASDAQ:MVIS), a leader in advanced perception solutions for industrial, security, defense, and automotive applications, today announced that leading independent proxy advisory firm Glass Lewis & Co. ("Glass Lewis") has recommended that MicroVision shareholders vote "FOR" the Company's proposals at its Annual Meeting of Shareholders to be held on July 10, 2026 at 9:00 am PT (the "Annual Meeting"). At the Annual Meeting, shareholders will be asked to elect seven director nominees, approve the issuance of shares under existing convertible notes to allow the Company to pay off the notes in equity rather than cash, approve amendments to the Company's certificate of incorporation authorizing the Board of Directors to effect a reverse stock split at a ratio between 1-for-5 and 1-for-15 and simultaneously reducing MicroVision's authorized shares of common stock from 510 million shares to 150 million shares, provide an advisory vote related to executive compensation, and ratify the appointment of auditors for the current fiscal year. "We are pleased that Glass Lewis supports the Board's recommended proposals, in particular, they agree that a vote to give the Board discretion to do a reverse stock split is in the best interest of the Company and shareholders," said Robert Carlile, Chairman of the Board. "Every vote is important and I encourage shareholders to vote to approve the proposals in our Proxy Statement in advance of the Annual Meeting." Glen DeVos, Chief Executive Officer, added, "By voting to support the Board's proposals, shareholders give us the tools we need to aggressively drive the strategic commercial objectives that I outlined earlier this year. I am confident that we are on the right path and making clear progress on our plan to establish MicroVision as the leader in lidar-based perception solutions." Glass Lewis is an independent proxy advisor to institutional investors, covering 30,000+ shareholder meetings each year, across 100+ global markets. Clients of Glass Lewis include some of the world's largest pension plans, mutual funds, and asset managers who collectively manage over $40 trillion in assets. EVERY SHAREHOLDER'S VOTE IS IMPORTANT - PLEASE VOTE TODAY Detailed information about the proposals can be found in MicroVision's Proxy Statement, which is available to shareholders at ir.microvision.com/sec-filings . Using their control number, shareholders can vote at www.proxyvote.com . Shareholders can participate electronically in MicroVision's virtual Annual Meeting at www.virtualshareholdermeeting.com/MVIS2026 .