| | | | Very truly yours, | |
| | | |
/s/ William Santana Li
William Santana Li
Chairman and Chief Executive Officer |
|
|
Annual Meeting Date
|
| | Thursday, July 20, 2023 | |
|
Time
|
| | 1:00 p.m., Pacific Time | |
|
Place
|
| | www.meetnow.global/MMK2GSH | |
|
Items of Business
|
| |
(1)
To elect four directors to the Board of Directors (the “Board”) to serve until the 2024 annual meeting of stockholders and until their respective successors are elected and qualified;
(2)
To ratify the appointment of BPM LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023; and
(3)
To transact any other business that properly comes before the Annual Meeting and any adjournment or postponement of the Annual Meeting
|
|
|
Record Date
|
| | Holders of record of our capital stock on June 2, 2023, are entitled to receive notice of, and to vote at, the Annual Meeting and any postponement or adjournment of the Annual Meeting. | |
|
Voting
|
| | Your vote is important. We encourage you to read the accompanying proxy materials and submit your vote as soon as possible. You can find information about how to cast your vote in the question-and-answer section of the accompanying proxy statement. | |
| | | | By Order of the Board of Directors of Knightscope, Inc. | |
| | | |
/s/ William Santana Li
William Santana Li
Chairman and Chief Executive Officer |
|
| | | | | 1 | | | |
| | | | | 8 | | | |
| | | | | 12 | | | |
| | | | | 14 | | | |
| | | | | 15 | | | |
| | | | | 22 | | | |
| | | | | 25 | | | |
| | | | | 26 | | | |
| | | | | 28 | | | |
| | | | | 29 | | | |
| | | | | 29 | | | |
| | | | | 30 | | | |
| | | | | 31 | | |
|
Proposal
|
| |
Vote
Required |
| |
Effect of
Abstentions |
| |
Broker
Discretionary Voting Allowed |
| |
Effect of
Broker Non-Vote |
|
|
(1)
To elect four directors to the Board to serve until the 2024 annual meeting of stockholders and until their respective successors are elected and qualified
|
| |
More votes FOR
than AGAINST |
| |
No effect
|
| |
No
|
| |
No effect
|
|
|
(2)
To ratify the appointment of BPM as our independent registered public accounting firm for the fiscal year ending December 31, 2023
|
| |
More votes FOR
than AGAINST |
| |
No effect
|
| |
Yes
|
| |
Not
applicable |
|
|
Name
|
| |
Title/Position
|
| |
Age
|
|
| William (“Bill”) Santana Li | | | Chairman and Chief Executive Officer | | |
53
|
|
| Linda Keene Solomon | | | Director | | |
59
|
|
| Patricia L. Watkins | | | Director | | |
64
|
|
| Patricia Howell | | | Director | | |
55
|
|
| |
OUR BOARD RECOMMENDS A VOTE “FOR” THE ELECTION
OF EACH OF THE FOUR DIRECTOR NOMINEES. |
| |
|
Total Number of Directors:
|
| | 4 | | |||||||||||||||||||||
| | | |
Female
|
| |
Male
|
| |
Non-Binary
|
| |
Did Not
Disclose Gender |
| ||||||||||||
| Part I: Gender Identity | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Directors
|
| | | | 3 | | | | | | 1 | | | | | | – | | | | | | – | | |
| Part II: Demographic Background | | | | | | | | | | | | | | | | | | | | | | | | | |
|
African American or Black
|
| | | | 1 | | | | | | – | | | | | | – | | | | | | – | | |
|
Alaskan Native or Native American
|
| | | | – | | | | | | – | | | | | | – | | | | | | – | | |
|
Asian
|
| | | | – | | | | | | – | | | | | | – | | | | | | – | | |
|
Hispanic or Latinx
|
| | | | – | | | | | | – | | | | | | – | | | | | | – | | |
|
Native Hawaiian or Pacific Islander
|
| | | | – | | | | | | – | | | | | | – | | | | | | – | | |
|
White
|
| | | | 2 | | | | | | – | | | | | | – | | | | | | – | | |
|
Two or More Races or Ethnicities
|
| | | | – | | | | | | 1 | | | | | | – | | | | | | – | | |
|
LGBTQ+
|
| | | | – | | | | | | – | | | | | | – | | | | | | – | | |
|
Did Not Disclose Demographic Background
|
| | | | – | | | | | | – | | | | | | – | | | | | | – | | |
| | | |
2022
|
| |
2021
|
| ||||||
|
Audit Fees
|
| | | $ | 546,022 | | | | | $ | 531,700 | | |
|
Audit-Related Fees
|
| | | $ | 8,025 | | | | | | – | | |
|
Tax Fees
|
| | | | – | | | | | | – | | |
|
All Other Fees
|
| | | | – | | | | | | – | | |
|
Total Fees
|
| | | $ | 554,047 | | | | | $ | 531,700 | | |
| |
OUR BOARD RECOMMENDS A VOTE “FOR” THE RATIFICATION OF THE APPOINTMENT OF BPM LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2023.
|
| |
| | | | |
Audit
Committee |
| |
Compensation
Committee |
| |
| |
William Santana Li
|
| | | | | | | |
| |
Linda Keene Solomon
|
| |
|
| |
|
| |
| |
Patricia L Watkins
|
| |
|
| |
|
| |
| |
Patricia Howell
|
| |
|
| |
|
| |
|
Chair
|
| |
Member
|
| |
Financial Expert
|
|
|
Name
|
| |
Title/Position
|
| |
Age
|
|
| William (“Bill”) Santana Li | | | Chairman and Chief Executive Officer | | |
53
|
|
| Stacy Dean Stephens | | | Chief Client Officer | | |
51
|
|
| Mallorie Burak | | | Chief Financial Officer | | |
52
|
|
| Mercedes Soria | | | Chief Intelligence Officer | | |
49
|
|
| Aaron J. Lehnhardt | | | Chief Design Officer | | |
50
|
|
| Peter M. Weinberg | | | General Counsel | | |
62
|
|
|
Name and Principal Position
|
| |
Year
|
| |
Salary
($) |
| |
Bonus
($) |
| |
Option
Awards ($)(1) |
| |
Total
($) |
| |||||||||||||||
|
William Santana Li
Chairman and Chief Executive Officer |
| | | | 2022 | | | | | | 496,907 | | | | | | 278,261 | | | | | | 635,896 | | | | | | 1,411,064 | | |
| | | 2021 | | | | | | 300,000 | | | | | | 230,000 | | | | | | — | | | | | | 530,000 | | | |||
|
Mallorie Burak
President and Chief Financial Officer |
| | | | 2022 | | | | | | 344,391 | | | | | | 264,457 | | | | | | 238,564 | | | | | | 847,412 | | |
| | | 2021 | | | | | | 250,000 | | | | | | 205,000 | | | | | | 3,038,387 | | | | | | 3,493,387 | | | |||
|
Mercedes Soria(2)
Chief Intelligence Officer |
| | | | 2022 | | | | | | 344,391 | | | | | | 164,457 | | | | | | 210,595 | | | | | | 719,443 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | |
Option Awards
|
| |||||||||||||||||||||||||||
|
Name
|
| |
Grant Date
|
| |
Number of
Securities Underlying Unexercised Options (#) Exercisable |
| |
Number of
Securities Underlying Unexercised Options (#) Unexercisable |
| |
Option
Exercise Price ($) |
| |
Option
Expiration Date |
| |||||||||||||||
| William Santana Li | | | | | 7/12/2022 | | | | | | — | | | | | | 383,100(1)(2) | | | | | | 3.04 | | | | | | 7/11/2032 | | |
|
Mallorie Burak
|
| | | | 10/8/2020 | | | | | | 270,833 | | | | | | 229,167 (1)(2) | | | | | | 2.34 | | | | | | 10/7/2030 | | |
| | | 12/23/2021 | | | | | | 125,000 | | | | | | 375,000(1)(2) | | | | | | 10.00 | | | | | | 12/22/2031 | | | |||
| | | 7/12/2022 | | | | | | — | | | | | | 143,724(1)(2) | | | | | | 3.04 | | | | | | 7/11/2032 | | | |||
|
Mercedes Soria
|
| | | | 4/21/2014 | | | | | | 113,000 | | | | | | —(1)(3) | | | | | | 0.16 | | | | | | 4/20/2024 | | |
| | | 11/17/2016 | | | | | | 187,000 | | | | | | —(1)(3) | | | | | | 0.60 | | | | | | 11/17/2026 | | | |||
| | | 4/22/2018 | | | | | | 200,000 | | | | | | —(1)(2) | | | | | | 1.26 | | | | | | 4/21/2028 | | | |||
| | | 5/9/2019 | | | | | | 447,916 | | | | | | 52,084(1)(2) | | | | | | 1.24 | | | | | | 5/9/2029 | | | |||
| | | 2/27/2020 | | | | | | 70,833 | | | | | | 29,167(1)(2) | | | | | | 0.91 | | | | | | 2/26/2030 | | | |||
| | | 6/24/2020 | | | | | | 21,875 | | | | | | 13,125(1)(2) | | | | | | 0.91 | | | | | | 6/23/2030 | | | |||
| | | 7/12/2022 | | | | | | — | | | | | | 126,874(1)(2) | | | | | | 3.04 | | | | | | 7/11/2032 | | |
|
Name
|
| |
Severance(1)
($) |
| |
Health Benefits(1)
($) |
| |
Total
($) |
| |||||||||
| William Santana Li | | | | | 252,500 | | | | | | 3,583 | | | | | | 256,083 | | |
| Mallorie Burak | | | | | 175,000 | | | | | | 12,600 | | | | | | 187,600 | | |
| Mercedes Soria | | | | | 175,000 | | | | | | 3,583 | | | | | | 178,583 | | |
|
Name
|
| |
Severance(1)
($) |
| |
Bonus(2)
($) |
| |
Acceleration
of Equity Awards(3) ($) |
| |
Health
Benefits(1) ($) |
| |
Total
($) |
| |||||||||||||||
| William Santana Li | | | | | 505,000 | | | | | | 505,000 | | | | | | — | | | | | | 7,165 | | | | | | 1,017,165 | | |
| Mallorie Burak | | | | | 350,000 | | | | | | 350,000 | | | | | | — | | | | | | 25,199 | | | | | | 725,199 | | |
| Mercedes Soria | | | | | 350,000 | | | | | | 350,000 | | | | | | — | | | | | | 7,165 | | | | | | 707,165 | | |
|
Name
|
| |
Fees Earned
or Paid in Cash ($)(3) |
| |
Option
Awards ($)(1)(4) |
| |
Total ($)
|
| |||||||||
| Kristi Ross(2) | | | | | 70,000 | | | | | | 62,983 | | | | | | 132,983 | | |
| Linda Keene Solomon | | | | | 60,000 | | | | | | 62,983 | | | | | | 122,983 | | |
| Jackeline V. Hernandez Fentanez(2) | | | | | 70,000 | | | | | | 62,983 | | | | | | 132,983 | | |
| Patricia L. Watkins | | | | | 60,000 | | | | | | 62,983 | | | | | | 122,983 | | |
| Patricia Howell | | | | | 60,000 | | | | | | 62,983 | | | | | | 122,983 | | |
| Suzanne Muchin(2) | | | | | 60,000 | | | | | | 63,021 | | | | | | 123,021 | | |
| | | |
Class A
Common Stock Beneficially Owned |
| |
Class B
Common Stock Beneficially Owned |
| |
Series A
Preferred Stock Beneficially Owned |
| |
Series B
Preferred Stock Beneficially Owned |
| |
Series m-2
Preferred Stock Beneficially Owned |
| |
Combined
Voting Power(1) |
| ||||||||||||||||||||||||||||||||||||||||||||||||
|
Name of Beneficial Owner
|
| |
Number
|
| |
%
|
| |
Number
|
| |
%
|
| |
Number
|
| |
%
|
| |
Number
|
| |
%
|
| |
Number
|
| |
%
|
| | | | | | | ||||||||||||||||||||||||||||||
| 5% Stockholders: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
William (“Bill”) Santana Li(2)(3)
|
| | | | 806,770 | | | | | | 1.7% | | | | | | 7,300,000 | | | | | | 68.5% | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 34.2% | | |
| Stacy Dean Stephens | | | | | — | | | | | | — | | | | | | 3,000,000 | | | | | | 29.0% | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 14.1% | | |
|
NetPosa Technologies (Hong Kong) Limited(4)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,450,860 | | | | | | 70.0% | | | | | | — | | | | | | — | | | | | | 11.5% | | |
| F50 Ventures Fund LP(5) | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 559,785 | | | | | | 39.5% | | | | | | 183,248 | | | | | | 5.2% | | | | | | — | | | | | | — | | | | | | 3.5% | | |
| Lab IX(6) | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 223,914 | | | | | | 15.8% | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1.1% | | |
| Godfrey Sullivan(7) | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 158,452 | | | | | | 11.2% | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | * | | |
| V Swaminathan(8) | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 111,957 | | | | | | 7.9% | | | | | | 73,525 | | | | | | 2.1% | | | | | | — | | | | | | — | | | | | | * | | |
| Brett Hershey(9) | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 111,957 | | | | | | 7.9% | | | | | | 61,300 | | | | | | 1.8% | | | | | | — | | | | | | — | | | | | | * | | |
| Andrew M. Brown(10) | | | | | 1,153,383 | | | | | | 2.5% | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | * | | |
|
Andrew M. Brown Family Protection Trust(11)
|
| | | | 1,242,424 | | | | | | 2.7% | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | * | | |
|
Series Knightscope LLC F50 Global Syndicate Fund LLC(12)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 434,733 | | | | | | 12.4% | | | | | | — | | | | | | — | | | | | | 2.0% | | |
|
AIDS Healthcare Foundation(13)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 270,060 | | | | | | 7.7% | | | | | | 150,000 | | | | | | 93.8% | | | | | | 2.0% | | |
| Equity Trust Company(14) | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 10,000 | | | | | | 6.2% | | | | | | * | | |
|
Named Executive Officers and Directors:
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
William (“Bill”) Santana Li(2)(3)
|
| | | | 806,770 | | | | | | 1.7% | | | | | | 7,300,000 | | | | | | 68.5% | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 34.2% | | |
| Mallorie Burak(15) | | | | | 510,413 | | | | | | * | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | * | | |
| Mercedes Soria(2)(3) | | | | | 806,770 | | | | | | 1.7% | | | | | | 7,300,000 | | | | | | 68.5% | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 33.0% | | |
| Linda Keene Solomon(15) | | | | | 40,000 | | | | | | * | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | * | | |
| Patricia L. Watkins(15) | | | | | 40,000 | | | | | | * | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | * | | |
| Patricia Howell(15) | | | | | 40,000 | | | | | | * | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | * | | |
|
All executive officers and directors as a group (12 individuals)(2)(16)
|
| | | | 2,483,536 | | | | | | 5.1% | | | | | | 10,600,000 | | | | | | 96.7% | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 48.5% | | |
| | | | By Order of the Board of Directors, | |
| | | | /s/ William Santana Li | |
| | | | William Santana Li | |
| | | | Chairman and Chief Executive Officer | |