Shareholders elected both the company’s director nominees to the Board of AEye, Inc (LIDR)

Market Cap: $12 million | AEye, Inc., together with its subsidiaries, provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the United States and Europe.

 On April 11, 2025, the Founders Group, comprising Ransom and Valerie Wuller, Luis Dussan, and Pamela Bauer, collectively holding 474,214 shares in AEye, Inc., seeks significant changes to the company's board due to severe underperformance, including a 99% stock price decline over three years, massive dilution exceeding 70%, and excessive compensation to directors and the CEO. They propose electing two independent nominees, Pamela Bauer and Ransom P. Wuller, aiming to bring genuine oversight and enhance shareholder value. Additionally, Luis Dussan has introduced a proposal (Proposal 6) to limit authorized common shares to 125% of the fully diluted shares outstanding. Shareholders are encouraged to vote via the GREEN proxy card to support these initiatives at the May 15, 2025, Annual Meeting. Source

On April 21, 2025, the Founders Group filed proxy materials seeking support for its nominees.

On May 6, 2025, the Founders Group stated that the company’s market cap has plummeted 99% since its 2021 IPO—from $1.3B to just $13M—under the current board’s watch, marked by excessive compensation, 70%+ dilution, loss of key partnerships like Continental, and no RFQ wins. The Founders Group—long-time shareholders and original builders of AEye—are urging change by nominating Ransom Wuller and Pamela Bauer to restore oversight, enforce pay-for-performance, cap dilution, and realign strategy. They urged shareholders to reject the Company’s white proxy and vote GREEN to declassify the board, limit authorized shares, and support candidates with a credible plan to rebuild value. Source

At the AGM held on May 15, 2025, shareholders elected both the company’s director nominees to the Board.