UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
14A
Proxy
Statement Pursuant to Section 14(a) of the
Securities
Exchange Act of 1934
Filed
by the Registrant ☒
Filed
by a party other than the Registrant ☐
Check
the Appropriate Box:
| ☐ |
Preliminary
Proxy Statement |
| ☐ |
Confidential,
for Use of the Commission Only (as Permitted by Rule 14a-6(e)(2)) |
| ☒ |
Definitive
Proxy Statement |
| ☐ |
Definitive
Additional Materials |
| ☐ |
Soliciting
Material Pursuant to §240.14a-12 |
THE
GLIMPSE GROUP, INC.
(Name
of Registrant as Specified In Its Charter)
(Name
of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment
of filing fee (Check the appropriate box):
| ☒ |
No
fee required. |
| ☐ |
Fee
paid previously with preliminary materials |
| ☐ |
Fee
computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 |
THE
GLIMPSE GROUP, INC.
15
West 38th St., 12th Fl
New
York, NY 10018
Notice
of Annual Meeting of Stockholders
| Date:
|
|
December
13, 2024 |
| Time:
|
|
9:30
a.m. EST |
| Location: |
|
15
West 38th St., 4th Fl
New
York, NY 10018 |
| Record
Date: |
|
October
21, 2024 |
Proposals:
| |
1. |
Re-elect
two Class I directors to the Board of Directors (the “Board”) of The Glimpse Group, Inc. (the “Company”)
for a three-year term expiring at the 2027 annual meeting of stockholders; |
| |
|
|
| |
2. |
To
hold an advisory vote on executive compensation (the “Say-on-Pay Proposal”); |
| |
|
|
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3. |
Ratify
the appointment of Turner, Stone & Company, L.L.P as the independent registered public accounting firm of the Company for the
fiscal year ending June 30, 2025; and |
| |
|
|
| |
4. |
To
transact such other business as may properly come before the meeting or any adjournments or postponements thereof. |
THE
BOARD RECOMMENDS THAT YOU VOTE “FOR” EACH OF THE TWO CLASS I DIRECTOR NOMINEES NAMED IN PROPOSAL NO. 1, AND “FOR”
PROPOSALS NO. 2 AND NO. 3.
Holders
of record of the Company’s common stock at the close of business on October 21, 2024 (the “Record Date”) will be entitled
to notice of, and to vote at the 2024 annual meeting of stockholders of the Company (the “Meeting”) and any adjournment or
postponement thereof. Each share of common stock entitles the holder thereof to one vote.
Your
vote is important, regardless of the number of shares you own. Even if you plan to attend the Meeting in person, it is strongly recommended
that you complete the enclosed proxy card before the meeting date, to ensure that your shares will be represented at the Meeting if you
are unable to attend.
A
complete list of stockholders of record entitled to vote at the Meeting will be available for 10 days before the Meeting at the principal
executive office of the Company for inspection by stockholders during ordinary business hours for any purpose germane to the Meeting.
This
notice and the enclosed proxy statement are first being mailed to stockholders on or about October 21, 2024.
You
are urged to review carefully the information contained in the enclosed proxy statement prior to deciding how to vote your shares.
| |
|
|
By
Order of the Board, |
| |
|
|
|
|
| Date: |
October
21, 2024 |
|
By: |
/s/
Lyron Bentovim |
| |
|
|
Name: |
Lyron
Bentovim |
| |
|
|
Title: |
Chief
Executive Officer
(Principal
Executive Officer) |
IF
YOU RETURN YOUR PROXY CARD WITHOUT AN INDICATION OF HOW YOU WISH TO VOTE, YOUR SHARES WILL BE VOTED “FOR” EACH OF THE TWO
CLASS I DIRECTOR NOMINEES NAMED IN PROPOSAL NO. 1, AND “FOR” PROPOSALS NO. 2 AND NO. 3.
Important
Notice Regarding the Availability of Proxy Materials for the 2024 Annual Meeting of Stockholders to be held at 9:30 a.m. EST on December
13, 2024.
The
Notice of the 2024 Annual Meeting of Stockholders, this proxy statement, and our Annual Report on Form 10-K for the period ended June
30, 2024 (the “Annual Report”) are available at https://ir.theglimpsegroup.com/filings/ .
TABLE
OF CONTENTS
QUESTIONS
AND ANSWERS ABOUT THESE PROXY MATERIALS
In
this proxy statement, we refer to The Glimpse Group, Inc. as the “Company,” “we,” “us,” or “our.”
Why
am I receiving this proxy statement?
This
proxy statement describes the proposals on which our Board would like you, as a stockholder, to vote at the Meeting, which will take
place on December 13, 2024 at 9:30 a.m., EST, at 15 West 38th St., 4th Fl, New York, NY 10018.
Stockholders
are being asked to consider and vote upon proposals to (i) re-elect two Class I directors to the Board for a three-year term expiring
at the 2027 annual meeting of stockholders, (ii) provide an advisory vote on executive compensation (the “Say-on-Pay Proposal”),
(iii) ratify the appointment of Turner, Stone & Company, L.L.P as the independent registered public accounting firm of the Company
for the fiscal year ending June 30, 2025.
This
proxy statement also gives you information on the proposals so that you can make an informed decision. You should read it carefully.
Your vote is important. You are encouraged to submit your proxy card as soon as possible after carefully reviewing this proxy statement.
Who
is soliciting my proxy?
Our
Board is soliciting proxies for the Meeting.
Who
can vote at the Meeting?
Stockholders
who owned shares of our common stock on the Record Date may attend and vote at the Meeting. There were 18,166,217 shares of common stock
outstanding on the Record Date. All shares of common stock shall have one vote per share. Information about the stockholdings of our
directors, executive officers, and significant stockholders is contained in the section entitled “Security Ownership of Certain
Beneficial Owners and Management” beginning on page 17 of this proxy statement.
What
is the proxy card?
The
card enables you to appoint each of Lyron Bentovim and Maydan Rothblum, each acting alone, as your representative at the Meeting. By
completing and returning the proxy card, you are authorizing this person to vote your shares at the Meeting in accordance with your instructions
on the proxy card. This way, your shares will be voted whether or not you attend the Meeting. Even if you plan to attend the Meeting,
it is strongly recommended to complete and return your proxy card before the Meeting date just in case your plans change. If a proposal
comes up for vote at the Meeting that is not on the proxy card, the proxy will vote your shares, under your proxy, according to his best
judgment.
How
does the Board recommend that I vote?
Our
Board unanimously recommends that stockholders vote “FOR” each of the Class I director nominees named in proposal No. 1,
and “FOR” proposals No. 2 and No. 3.
What
is the difference between holding shares as a stockholder of record and as a beneficial owner?
Certain
of our stockholders hold their shares in an account at a brokerage firm, bank, or other nominee holder, rather than holding share certificates
in their own name. As summarized below, there are some distinctions between shares held of record and those owned beneficially.
Stockholder
of Record/Registered Stockholders
If,
on the Record Date, your shares were registered directly in your name with our transfer agent, ClearTrust, LLC, you are a “stockholder
of record” who may vote at the Meeting, and we are sending these proxy materials directly to you. As the stockholder of record,
you have the right to direct the voting of your shares by returning the enclosed proxy card to us or to vote in person at the Meeting.
Whether or not you plan to attend the Meeting, please complete, date, and sign the enclosed proxy card to ensure that your vote is counted.
Beneficial
Owner
If,
on the Record Date, your shares were held in an account at a brokerage firm or at a bank or other nominee holder, you are considered
the beneficial owner of shares held “in street name,” and these proxy materials are being forwarded to you by your broker
or nominee who is considered the stockholder of record for purposes of voting at the Meeting. As the beneficial owner, you have the right
to direct your broker on how to vote your shares and to attend the Meeting. However, since you are not the stockholder of record, you
may not vote these shares in person at the Meeting unless you receive a valid proxy from your brokerage firm, bank, or other nominee
holder. To obtain a valid proxy, you must make a special request of your brokerage firm, bank, or other nominee holder. If you do not
make this request, you can still vote by using the voting instruction card enclosed with this proxy statement; however, you will not
be able to vote in person at the Meeting.
What
are broker non-votes?
Broker
non-votes are shares held by brokers that do not have discretionary authority to vote on the matter and have not received voting instructions
from their clients. Brokers holding shares of record for customers generally are not entitled to vote on “non-routine” matters,
unless they receive voting instructions from their customers. The proposed ratification of the appointment of Turner, Stone & Company,
L.L.P as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2025 is considered a “routine”
matter. All other matters are considered “non-routine” matters. Accordingly, brokers are entitled to vote uninstructed shares
only with respect to the ratification of the appointment of Turner, Stone & Company, L.L.P as our independent registered public accounting
firm.
If
my bank, broker or other nominee holds my shares in “street name,” will such party vote my shares for me?
For
all “non-routine” matters, not without your direction. Your broker, bank or other nominee will be permitted to vote your
shares on any “non-routine” proposal only if you instruct your broker, bank or other nominee on how to vote. Under applicable
stock exchange rules, brokers, banks or other nominees have the discretion to vote your shares on routine matters if you fail to instruct
your broker, bank or other nominee on how to vote your shares with respect to such matters. The proposals to be voted upon by our stockholders
described in this proxy statement, except for the ratification of the appointment of our independent registered public accounting firm,
are “non-routine” matters, and brokers, banks and other nominees therefore cannot vote on these proposals without your instructions.
The proposed ratification of the appointment of Turner, Stone & Company, L.L.P as the Company’s independent registered public
accounting firm for the fiscal year ending June 30, 2025 is considered a “routine” matter. Accordingly, brokers, banks and
other nominees are entitled to vote uninstructed shares only with respect to the ratification of the appointment of Turner, Stone &
Company, L.L.P as our independent registered public accounting firm. Therefore, it is important that you instruct your broker, bank or
nominee on how you wish to vote your shares.
How
do I vote my shares if I hold my shares in “street name” through a bank, broker or other nominee?
If
you hold your shares as a beneficial owner through a bank, broker or other nominee, you should have received instructions on how to vote
your shares from your broker, bank or other nominee. Please follow their instructions carefully. You must provide voting instructions
to your bank, broker or other nominee by the deadline provided in the materials you receive from your bank, broker or other nominee to
ensure your shares are voted in the way you would like at the Meeting.
How
do I vote?
If
you were a stockholder of record of the Company’s common stock on the Record Date, you may vote in person at the Meeting or by
submitting a proxy. Each share of common stock that you own in your name entitles you to one vote, in each case, on the applicable proposals.
| (1) | You
may submit your proxy by mail. You may submit your proxy by mail by completing, signing,
and dating your proxy card and returning it in the enclosed, postage-paid, and addressed
envelope. If we receive your proxy card prior to the Meeting and if you mark your voting
instructions on the proxy card, your shares will be voted: |
| | ● | as
you instruct, and |
| | | |
| ● | according
to the best judgment of the proxies if a proposal comes up for a vote at the Meeting that
is not on the proxy card. |
We
encourage you to examine your proxy card closely to make sure you are voting all of your shares in the Company.
Mark,
sign, and date your proxy card and return it in the postage-paid envelope we have provided or return it to ClearTrust, LLC.
If
you return a signed card, but do not provide voting instructions, your shares will be voted:
| ● | FOR
each of the two named Class I director nominees; |
| | | |
| ● | FOR
passing an advisory vote on executive compensation; |
| | | |
| ● | FOR
the ratification of the appointment of Turner, Stone & Company, L.L.P as our independent
registered public accounting firm for the fiscal year ending June 30, 2025; and |
| | | |
| ● | According
to the best judgment of Maydan Rothblum, the Company’s Chief Financial Officer and
Chief Operating Officer, or Lyron Bentovim, the Company President and Chief Executive Officer,
if a proposal comes up for a vote at the Meeting that is not on the proxy card. |
| | (2) | You
may vote in person at the Meeting. We will pass out written ballots to any stockholder of
record who wants to vote at the Meeting. |
| | | |
| | (3) | You
may vote online. You may use the website: WWW.CLEARTRUSTONLINE.COM/VRAR to
transmit your voting instructions and for electronic delivery of information up until 11:59
p.m., EST, December 12, 2023. Have your proxy card in hand when you access the website and
follow the instructions to obtain your records and to create an electronic voting instruction
form. |
| | | |
| (4) | You
may vote via mail. Mark, sign and date your proxy card and return it in the postage-paid
envelope we have provided or return it to Vote Processing, c/o ClearTrust, LLC, 16540 Pointe
Village Drive, Ste 210, Lutz, FL 33558 |
| | | |
| (5) | You
may vote via fax. You may fax your signed voting card to 1-813-388-4549. |
What
happens if I abstain?
If
you abstain, whether by proxy or in person at the Meeting, or if you instruct your broker, bank or other nominee to abstain your abstention
will not be counted for or against the proposals, but will be counted as “present” at the Meeting in determining whether
or not a quorum exists.
Abstentions
will have no effect on the outcome of the vote on any of the proposals set forth in this proxy statement.
If
I plan on attending the Meeting, should I return my proxy card?
Yes.
Whether or not you plan to attend the Meeting, after carefully reading and considering the information contained in this proxy statement,
please complete and sign your proxy card, and then return the proxy card in the pre-addressed, postage-paid envelope provided herewith
as soon as possible, so your shares may be represented at the Meeting.
May
I change my mind after I return my proxy?
Yes.
You may revoke your proxy and change your vote at any time before the polls close at the Meeting. You may do this by:
| ● | sending
a written notice to the Secretary of the Company at the Company’s executive offices
stating that you would like to revoke your proxy of a particular date; |
| | | |
| ● | signing
another proxy card with a later date and returning it to the Secretary before the polls close
at the Meeting; or |
| | | |
| ● | attending
the Meeting and voting in person. |
What
does it mean if I receive more than one proxy card?
You
may have multiple accounts at the transfer agent and/or with brokerage firms. Please sign and return all proxy cards to ensure that all
of your shares are voted.
What
happens if I do not indicate how to vote my proxy?
Signed
and dated proxies received by the Company without an indication of how the stockholder desires to vote on a proposal will be voted in
favor of each director and proposal presented to the stockholders.
Will
my shares be voted if I do not sign and return my proxy card?
If
you do not sign and return your proxy card, your shares will not be voted unless you vote in person at the Meeting.
What
vote is required to re-elect the Class I director nominees?
The
re-election of each of the named Class I director nominees requires the affirmative vote of a majority of the votes cast at the Meeting
by the holders of shares of common stock entitled to vote. Abstentions and broker non-votes will have no effect on the outcome of the
vote on proposal no. 1.
How
many votes are required to approve the executive compensation?
The
proposal to approve executive compensation requires the affirmative vote of a majority of the votes cast at the Meeting by the holders
of shares of common stock entitled to vote. Abstentions and broker non-votes will have no effect on the outcome of the vote on proposal
no. 2.
How
many votes are required to ratify the appointment of Turner, Stone & Company, L.L.P as the Company’s independent registered
public accounting firm for fiscal year ending June 30, 2025?
The
proposal to ratify the appointment of Turner, Stone & Company, L.L.P to serve as our independent registered public accounting firm
for the fiscal year ending June 30, 2025 requires the affirmative vote of a majority of the votes cast at the Meeting by the holders
of shares of common stock entitled to vote. Abstentions will have no effect on the outcome of the vote on proposal no. 3. There will
be no broker non-votes with respect to proposal no. 3 since proposal no. 3 is a “routine” matter.
Is
my vote kept confidential?
Proxies,
ballots, and voting tabulations identifying stockholders are kept confidential and will not be disclosed, except as may be necessary
to meet legal requirements.
Where
do I find the voting results of the Meeting?
We
will announce voting results at the Meeting and also file a Current Report on Form 8-K with the U.S. Securities and Exchange Commission
(the “SEC”) reporting the voting results.
Who
can help answer my questions?
You
can contact the Company’s Chief Financial Officer and Chief Operating Officer, Maydan Rothblum, at (917) 292-2685 or via email
maydan@theglimpsegroup.com or by sending a letter to the offices of the Company at 15 West 38th St., 12th Fl, New York, NY 10018, with
any questions about proposals described in this proxy statement or how to execute your vote.
GENERAL
INFORMATION ABOUT THE MEETING AND VOTING
We
are furnishing this proxy statement to you, as a stockholder of The Glimpse Group, Inc., as part of the solicitation of proxies by our
Board for use at the Meeting to be held on December 13, 2024, and any adjournment or postponement thereof. This proxy statement is first
being furnished to stockholders on or about October 21, 2024. This proxy statement provides you with information you need to know to
be able to vote or instruct your proxy how to vote at the Meeting.
| Date,
Time, and Place of the Meeting |
|
The
Meeting will be held on December 13, 2024, at 9:30 a.m., EST, at 15 West 38th St., 4th Fl, New York, NY 10018, or such other date,
time, and place to which the Meeting may be adjourned or postponed. |
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| Purpose
of the Meeting |
|
At
the Meeting, the Company will ask stockholders to consider and vote upon the following proposals: |
| |
1. |
Re-elect
two Class I directors to the Board for a three-year term expiring at the 2027 annual meeting of stockholders; |
| |
|
|
| |
2. |
To
hold an advisory vote on executive compensation; |
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|
|
| |
3. |
Ratify
the appointment of Turner, Stone & Company, L.L.P as the independent registered public accounting firm of the Company for the
fiscal year ending June 30, 2025; |
| |
|
|
| |
4. |
To
transact such other business as may properly come before the meeting or any adjournments or postponements thereof. |
| Record
Date and Voting Power |
|
Our
Board fixed the close of business on October 21, 2024, as the record date for the determination of the outstanding shares of common
stock entitled to notice of, and to vote on, the matters presented at the Meeting. As of the Record Date, there were 18,166,217 shares
of common stock outstanding. Each share of common stock entitles the holder thereof to one vote. |
| Quorum
and Required Vote |
|
A
quorum of stockholders is necessary to hold a valid meeting. A quorum will be present at
the meeting if the holders of one-third (33 1/3%) of the voting power of the outstanding
shares of capital stock of the Company entitled to vote at the Meeting is represented in
person or by proxy. Abstentions and broker non-votes (i.e., shares held by brokers on behalf
of their customers, which may not be voted on certain matters because the brokers have not
received specific voting instructions from their customers with respect to such matters)
will be counted solely for the purpose of determining whether a quorum is present at the
Meeting.
Proposal
1 (re-election of two Class I directors) requires the affirmative vote of a majority of the votes cast at the Meeting by the holders
of shares of common stock entitled to vote. Abstentions and broker non-votes will have no effect on the outcome of the vote on proposal
no. 1. |
| |
|
Proposal
No. 2 (Say-on-Pay Proposal) requires the affirmative vote of a majority of the votes cast
at the Meeting by the holders of shares of common stock entitled to vote. Abstentions and
broker non-votes will have no effect on the outcome of the vote on proposal no. 2.
Proposal
No. 3 (ratification of appointment of Turner, Stone & Company, L.L.P to serve as our independent registered public accounting
firm for fiscal year ending June 30, 2025) requires the affirmative vote of a majority of the votes cast at the Meeting by the holders
of shares of common stock entitled to vote. Abstentions will have no effect on the outcome of the vote on proposal no. 3.
There will be no broker non-votes with respect to proposal no. 3 since proposal no. 3 is a “routine” matter. |
| |
|
|
| Revocability
of Proxies |
|
Any
proxy may be revoked by the person giving it at any time before it is voted. A proxy may be revoked by (A) sending to our Secretary,
at The Glimpse Group, Inc., 15 West 38th St., 12th Fl, New York, NY 10018, either (i) a written notice of revocation bearing a date
later than the date of such proxy or (ii) a subsequent proxy relating to the same shares, or (B) by attending the Meeting and voting
in person. |
| |
|
|
| Proxy
Solicitation Costs |
|
The
cost of preparing, assembling, printing, and mailing this proxy statement and the accompanying form of proxy, and the cost of soliciting
proxies relating to the Meeting, will be borne by the Company. If any additional solicitation of the holders of our outstanding shares
of common stock is deemed necessary, we (through our directors and officers) anticipate making such solicitation directly. The solicitation
of proxies by mail may be supplemented by telephone, telegram, and personal solicitation by officers, directors, and other employees
of the Company, but no additional compensation will be paid to such individuals. |
| No
Right of Appraisal |
|
None
of Nevada law, our Certificate of Incorporation, or our Bylaws provides for appraisal or other similar rights for dissenting stockholders
in connection with any of the proposals to be voted upon at the Meeting. Accordingly, our stockholders will have no right to dissent
on any of the proposals presented at the Meeting. |
| |
|
|
| Who
Can Answer Your Questions about Voting Your Shares |
|
You
can contact the Company’s Chief Financial Officer & Chief Operating Officer, Maydan Rothblum, at (917) 292-2685 or via
email maydan@theglimpsegroup.com or by sending a letter to the offices of the Company at 15 West 38th St., 12th Fl, New York, NY
10018, with any questions about proposals described in this proxy statement or how to execute your vote. |
| |
|
|
| Principal
Offices |
|
The
principal executive offices of our Company are located at 15 West 38th St., 12th Fl, New York, NY 10018. The Company’s telephone
number is (917) 292-2685. |
PROPOSAL
NO. 1 — RE-ELECTION OF CLASS I DIRECTORS
Pursuant
to our Certificate of Incorporation and our Bylaws, the total number of directors constituting our Board is fixed from time to time by
the Board. The current authorized number of directors is fixed at seven. The Board is divided into three classes, each containing as
nearly as possible an equal number of directors. The current term of office of our Class I directors expires at the Meeting, while the
term for our Class II directors will expire at our 2025 annual meeting of stockholders and the term for our Class III directors expires
at our 2026 annual meeting of stockholders.
Our
Nominating and Corporate Governance Committee, has nominated, and our Board has approved the nomination of, Ian Charles and Tamar Elkeles,
both current Class I directors, to stand for re-election as class I directors of the Company. Each Class I director elected at the Meeting
will serve a three-year term expiring at our 2027 annual meeting of stockholders and until his or her successor is duly elected and qualified
as a Class I director, or until his or her earlier death, resignation or removal. At the Meeting, proxies cannot be voted for a greater
number of individuals than the two nominees named in this proxy statement.
If,
for any reason, any nominee becomes unavailable for re-election prior to the Meeting, the proxies will be voted for such substitute nominee(s)
as the Board may propose.
We
believe that the skills, experiences, and qualifications of our directors provide our Board with the expertise and experience necessary
to advance the interests of our stockholders. While our Nominating and Corporate Governance Committee does not have any specific, minimum
qualifications that must be met by each of our directors, our Nominating and Corporate Governance Committee uses a variety of criteria
to evaluate the qualifications and skills necessary for each member of the Board. In addition to the individual attributes of each of
our Class I directors described below, we believe that our directors should have the highest professional and personal ethics and values,
consistent with our longstanding values and standards. They should have broad experience at the policy-making level in business, exhibit
commitment to enhancing stockholder value, and have sufficient time to carry out their duties and to provide insight and practical wisdom
based on their past experiences.
Class
I Director Nominees Biographies
Set
forth below is biographical information for each nominee, which includes the specific experience, qualifications, attributes and skills
which led our Board to conclude that each such nominee should serve on the Board at this time.
Ian
Charles, 56, has served as a member of our Board since January 2022. Mr. Charles has approximately 25 years of executive leadership
experience in technology, public markets, mergers and acquisitions, and multinational operations. Since 2022, Mr. Charles has served
as the Chief Financial Officer of Filevine, a provider of legal SaaS solutions. From 2019 to 2021, Mr. Charles served as the Chief Financial
Officer of Scoop Technologies, Inc., a workplace management software provider. From 2014 to 2019, Mr. Charles served as the Chief Financial
Officer of Planful (formerly Host Analytics), a financial planning and analysis platform that provides financial planning, consolidation,
reporting and analytics.
Tamar
Elkeles, 55, has served as a member of our Board since April 2024. Dr. Elkeles has nearly 30 years of experience in the high
technology industry. She was the Chief Learning Officer at Qualcomm from 1992 to 2015. Afterward, she served in senior executive positions
at several technology companies and investment firms. Dr. Elkeles recently served on the board of directors of GP Strategies Corporation,
an NYSE-listed company until its sale to Learning Technologies Group, a London Stock Exchange company. She currently serves on the board
of directors of OpenSesame and on the Board of Advisors of the Forbes School of Business & Technology at The University of Arizona.
Dr. Elkeles also serves as a strategic advisor to several start-up companies in the technology sector. She holds both an M.S. and Ph.D.
in Organizational Psychology.
Board
Recommendation
THE
BOARD RECOMMENDS A VOTE “FOR” EACH OF THE TWO NAMED CLASS I DIRECTOR NOMINEES.
Additional
Biographical Information about Other Directors Not Standing for Election at this Meeting
Class
II Directors with Terms Expiring at the 2025 Annual Meeting Biographies
Maydan
Rothblum, 51, has been Chief Operating Officer and Chief Financial Officer since he co-founded the Company in 2016 and a member
of our Board since July 2021. From 2004 to 2016, Mr. Rothblum served as the co-founder, Managing Director and Chief Operating Officer
of Sigma Capital Partners, a middle-market private equity firm focused on making negotiated investments directly onto the balance sheets
of, primarily, small-to-mid sized publicly traded technology companies. In addition to his role as principal investor, Mr. Rothblum oversaw
the fund’s portfolio, managed the fund’s day-to-day operations and financial reporting. Prior to working at Sigma Capital
Partners, Mr. Rothblum held positions at Apax Partners, a global private equity fund, and Booz, Allen & Hamilton, a global strategic
consultancy. Additionally, Mr. Rothblum served as an Engineer for the Israel Defense Forces. Mr. Rothblum holds an MBA from Columbia
Business School and a BS in Industrial Engineering and Management from the Technion - Israel Institute of Technology.
Jeff
Enslin, 58, has served as a member our Board since July 2018. From 1995 to 2018, Mr. Enslin was a senior partner and senior portfolio
manager at Caxton Associates LP, a macro-focused hedge fund. Mr. Enslin is the founder and managing member of Perimetre Capital LLC since
2018, where he actively manages a wide portfolio of early stage technology investments. Mr. Enslin has served on the Investment Committees
at Lehigh University (2010 to 2019) and the Peddie School (2010 to present, Advisory Trustee). Mr. Enslin is an active mentor at both
Creative Destruction Labs and Endless Frontier Labs. Mr. Enslin received his MBA in finance and international business from New York
University’s Stern School of Business and his B.S. in Finance from Lehigh University.
Alexander
Ruckdaeschel, 52, has served as a member of our Board since July 2021. Mr. Ruckdaeschel has worked in the financial industry
for over 20 years in the United States and Europe as a co-founder, partner and senior executive. Since 2012 to June 2021, he served on
the board of directors of Vuzix (Nasdaq: VUZI), a leading supplier of smart glasses and AR technology products and services and was the
Chairman of Vuzix’s compensation committee. Mr. Ruckdaeschel co-founded Herakles Capital Management and AMK Capital Advisors in
2008. He was also a partner with Alpha Plus Advisors and Nanostart AG, where he was the head of their U.S. group. Mr. Ruckdaeschel has
significant experience in startup operations as the manager of DAC Nanotech-Fund and Biotech-Fund, and sits on several boards. Following
service in the German military, Mr. Ruckdaeschel was a research assistant at Dunmore Management focusing on intrinsic value and identifying
firms that were undervalued and had global scale potential.
Class
III Directors with Terms Expiring at the 2026 Annual Meeting Biographies
Lyron
Bentovim, 55, has been our President and Chief Executive Officer, and the Chairman and a member of our Board since he co-founded
the Company in 2016. From July 2014 to August 2015, Mr. Bentovim was Chief Operating Officer and Chief Financial Officer of Top Image
Systems, a Nasdaq-listed company. From March 2013 to July 2014, Mr. Bentovim served as Chief Operating Officer and Chief Financial Officer
of NIT Health and Chief Operating Officer and Chief Financial Officer and Managing Director at Cabrillo Advisors. From August 2009 until
July 2012, Mr. Bentovim served as the Chief Operating Officer and Chief Financial Officer of Sunrise Telecom, Inc. a Nasdaq-listed company.
Prior to Sunrise Telecom, Inc., from January 2002 to July 2009, Mr. Bentovim was a Portfolio Manager for Skiritai Capital LLC, an investment
advisor. Prior to Skiritai Capital LLC, Mr. Bentovim served as the President, Chief Operating Officer and co-founder of WebBrix, Inc.
Mr. Bentovim serves on the board of directors of Manhattan Bridge Capital, a Nasdaq-listed company, and has served on the board of directors
of the following publicly traded companies: Blue Sphere, RTW Inc., Ault, Inc., Top Image Systems Ltd., Three-Five Systems Inc., Sunrise
Telecom Inc., and Argonaut Technologies Inc. Additionally, Mr. Bentovim was a Senior Engagement Manager with strategy consultancies USWeb/CKS,
Mitchell Madison Group LLC and McKinsey & Company Inc. Mr. Bentovim has an MBA from Yale School of Management and a law degree from
the Hebrew University, Israel.
Lemuel
Amen, 58, has served as a member of our Board since May 2021. Mr. Amen is the Founder and Chairman of Altius Manufacturing Group,
LLC, an equity growth management firm, and has held senior executive positions and led global business units for Electronic Data Systems
and 3M. Mr. Amen has served on the board of directors for a privately held technology firm, AbeTech Inc., since 2009, and on the board
of advisors of a privately held industrial firm, Diversified Chemical Technology, Inc., since 2018. Additionally, Mr. Amen is an experienced
board governance professional serving high-growth technology, industrial services, and application software firms. Prior board governance
service positions include: Chairman of the board of directors for Viking Engineering and Development Inc. (2011 to 2017); board director
and operating committee member for Bauer Welding & Metal Fabricators, Inc. (2013 to 2016); and board President and lead director
for HighJump Software, Inc. (2005 to 2008). Mr. Amen served as Chairman for the Federal Reserve Bank of Minneapolis, Ninth District Advisory
Council from 2012 to 2015. Additional governance and board director service post includes: University of Michigan - Dearborn, College
of Business, Board of Advisors (2019 to present); State of Minnesota Governor’s Workforce Development Council (2016 to 2019); Ordway
Center for the Performing Arts (2015 to 2018); Junior Achievement Worldwide Inc., Global Board of Directors (2003 to 2008); and Northwestern
University, McCormick School of Engineering & Computer Science, Industrial Advisory Board (2000 to 2006). Mr. Amen earned his M.S.
in Civil and Environmental Engineering from Northwestern University, and his B.S. in Mechanical Engineering at California State University-Northridge.
Executive
Officers
The
following table sets forth certain information about our executive officers:
| Name |
|
Age |
|
Position |
| Lyron
Bentovim |
|
55 |
|
President,
Chief Executive Officer and Chairman of the Board |
| Maydan
Rothblum |
|
51 |
|
Chief
Financial Officer, Chief Operating Officer, Secretary and Director |
| David
J. Smith |
|
48 |
|
Chief
Creative Officer |
| Tyler
Gates |
|
38 |
|
Chief
Futurist Officer |
The
following is a biographical summary of the experience of our executive officers, with the exception of Mr. Bentovim and Mr. Rothblum,
whose biographical summaries are set forth under the caption “Additional Biographical Information about Other Directors Not Standing
for Election at this Meeting.”
David
J. Smith has been our Chief Creative Officer since he co-founded the Company in 2016, and was a member of our Board from the
Company’s inception until December 2023. Since June 2016, Mr. Smith has served as the co-founder and Organizer of NYVR Meetup.
Prior to co-founding the Company, Mr. Smith served as the Senior Project Manager at Avison Young, where he managed construction and real
estate development projects. From April 2016 to August 2020, Mr. Smith was the Founder of VRTech Consulting LLC, which provided consulting
for real estate development projects and virtual reality. Mr. Smith holds a B.S. in Civil Engineering from Pennsylvania State University.
Tyler
Gates has been the General Manager of Brightline Interactive, LLC (“BLI”) since August 1, 2022 and the Company’s
Chief Futurist Officer since August 1, 2022. Mr. Gates is also a non-voting board observer of our Board. Prior to the closing of our
acquisition of BLI, Mr. Gates was the Chief Executive Officer of BLI, and has been with BLI in several executive leadership roles since
2012. Additionally, Mr. Gates served as the founding and former President of the VR/AR Association (VRARA) Washington DC’s Chapter
and was the former host of the VRARA Podcast. Mr. Gates holds a BA Degree in Corporate Communications and Interpersonal Psychology from
Lenoir-Rhyne University.
Corporate
Governance Practices and Policies
Board
and Committee Independence
The
Board determines whether each of our directors is considered independent. For a director to be considered independent, the director must
meet the bright-line independence standards under the Nasdaq listing standards. The Board must also affirmatively determine that, in
its opinion, each director has no relationship that would interfere with the directors’ exercise of independent judgment in carrying
out the director’s responsibilities. In addition to the Nasdaq listing standards, the Board will consider all relevant facts and
circumstances in determining whether a director is independent. The Board has affirmatively determined that each of Ian Charles, Lemuel
Amen, Alexander Ruckdaeschel, Tamar Elkeles and Jeff Enslin, is independent in accordance with the Nasdaq listing standards. Our Board
has also affirmatively determined that each member of our Audit Committee, Nominating and Corporate Governance Committee And Compensation
Committee is an independent director.
Board
Committees and Meetings
The
Board held five meetings during fiscal year 2024. No director attended fewer than 75% of the aggregate number of all meetings of the
Board and committees on which he or she served during fiscal year 2024. The Company expects the directors to attend the Meeting either
in person or by conference call.
Board
Committees
The
Board has created four standing committees: an Audit Committee, a Compensation Committee, a Nominating and Corporate Governance Committee,
and a Strategy Committee. The Board has adopted a formal, written charter for each of the committees under which each committee operates.
The charters can be found in the Corporate Governance section of the Investor Relations tab on the Company’s website at https://ir.theglimpsegroup.com/corpgov/.
As a matter of routine corporate governance, each committee intends to review its charter and practices on an annual basis to determine
whether its charter and practices are consistent with listing standards of Nasdaq.
Committee
Composition
| Director |
|
Audit
Committee |
|
Compensation
Committee |
|
Nominating
and Corporate Governance Committee |
|
Strategy
Committee |
| Ian
Charles |
|
(1)(2) |
|
|
|
(1) |
|
|
| Jeff
Enslin |
|
(1) |
|
(1) |
|
(1)(2) |
|
|
| Lemuel
Amen |
|
(1) |
|
(1) |
|
|
|
(1)(2) |
| Alexander
Ruckdaeschel |
|
|
|
(1)(2) |
|
(1) |
|
(1) |
| Tamar
Elkeles |
|
|
|
|
|
|
|
(1) |
| Lyron
Bentovim |
|
|
|
|
|
|
|
(1) |
| (1) | Committee
member. |
| | | |
| (2) | Committee
chair. |
Audit
Committee
Our
Audit Committee consists of Ian Charles, Lemuel Amen and Jeff Enslin. The Chair of our Audit Committee is Ian Charles. Our Board has
determined that each member of the Audit Committee (i) is “independent” as that term is defined in Nasdaq rules, (ii) meets
the heightened independence requirements for audit committee members required under the Securities Exchange Act of 1934, as amended (the
“Exchange Act”) and related SEC and Nasdaq rules, (iii) has sufficient knowledge in financial and auditing matters to serve
on the audit committee, and (iv) can read and understand fundamental financial statements in accordance with applicable requirements.
In addition, our Board has determined that Ian Charles is an “audit committee financial expert” within the meaning of SEC
regulations. In arriving at these determinations, our Board has examined each audit committee member’s scope of experience and
the nature of their employment.
Our
audit committee has a written charter. Our audit committee reviews and reassesses the adequacy of the written charter on an annual basis.
The
primary purpose of our Audit Committee is to provide assistance to the Board in fulfilling its oversight responsibility to our stockholders
and others relating to (i) the integrity of the Company’s financial statements, (ii) the effectiveness of the Company’s internal
control over financial reporting, (iii) the Company’s compliance with legal and regulatory requirements, and (iv) the independent
auditor’s qualifications and independence. Specific responsibilities of our audit committee include:
| ● | Reviewing
and reassessing the charter at least annually and obtaining the approval of the Board; |
| | | |
| ● | Reviewing
and discussing quarterly and annual financial statements; |
| ● | Discussing
the Company’s policies on risk assessment and risk management; |
| | | |
| ● | Discussing
with the independent auditor the overall scope and plans for their audit, including the adequacy
of staffing and budget or compensation; and |
| | | |
| ● | Reviewing
and approving related party transactions. |
The
Audit Committee held four meetings in fiscal year 2024.
Compensation
Committee
Our
Compensation Committee consists of Alexander Ruckdaeschel, Lemuel Amen and Jeff Enslin. The Chair of our Compensation Committee is Alexander
Ruckdaeschel. The Board has affirmatively determined that each member of the Compensation Committee meets the additional independence
criteria applicable to compensation committee members under Nasdaq and SEC rules.
Our
compensation committee has a written charter. Our compensation committee reviews and reassesses the adequacy of the written charter on
an annual basis.
The
primary purpose of our compensation committee is to discharge the responsibilities of our Board with respect to all forms of compensation
for the Company’s executive officers and to administer the Company’s equity incentive plan for employees. Specific responsibilities
of our compensation committee include:
| ● | Reviewing
and overseeing the Company’s overall compensation philosophy, and overseeing the development
and implementation of compensation programs aligned with the Company’s business strategy; |
| | | |
| ● | Determining
the form and amount of compensation to be paid or awarded to the Chief Executive Officer
and all other executive officers of the Company; |
| | | |
| ● | Annually
reviewing and approving all matters related to Chief Executive Officer compensation; |
| | | |
| ● | Reviewing,
adopting, amending, and terminating incentive compensation and equity plans, severance agreements,
profit sharing plans, bonus plans, change-of-control protections, and any other compensatory
arrangements for our executive officers and other senior management; and |
| | | |
| ● | Reviewing
and establishing general policies relating to compensation and benefits of our employees,
including our overall compensation philosophy. |
The
Compensation Committee held four meetings in fiscal year 2024.
Nominating
and Corporate Governance Committee
The
members of our nominating and corporate governance committee are Jeff Enslin, Alexander Ruckdaeschel and Ian Charles. Jeff Enslin serves
as the Chairperson of the committee. Our nominating and corporate governance committee has a written charter. Our nominating and corporate
governance committee reviews and reassesses the adequacy of the written charter on an annual basis. Our nominating and corporate governance
committee’s responsibilities include:
| ● | identifying
individuals qualified to become Board members; |
| | | |
| ● | recommending
to our Board the persons to be nominated for election or appointed as directors and to each
Board committee; |
| ● | reviewing
and recommending to our Board corporate governance principles, procedures and practices,
and reviewing and recommending to our Board proposed changes to our corporate governance
principles, procedures and practices from time to time; and |
| | | |
| ● | reviewing
and making recommendations to our Board with respect to the composition, size and needs of
our Board. |
The
Nominating and Corporate Governance Committee held one meeting in fiscal year 2024.
Strategy
Committee
The
members of our Strategy Committee are Lemuel Amen, Alexander Ruckdaeschel, Jeff Enslin, Tamar Elkeles and Lyron Bentovim. Lemuel Amen
serves as the Chairperson of the Strategy Committee. The Strategy Committee’s responsibilities include:
| ● | identifying
strategic trends within the Company and industry; |
| | | |
| ● | analyzing
the potential strategic impact of various financial, operational, technological and M&A
alternatives; and |
| | | |
| ● | reviewing
and making recommendations to our Board with respect to the Company’s strategic directions. |
The
Strategy Committee held two meetings in fiscal year 2024.
Board
Diversity Matrix
Our
Board Diversity Matrix as of October 21, 2024 is set forth below.
To
see our Board Diversity Matrix as of October 13, 2023, please see the proxy statement filed with the SEC on October 16, 2023.
Board
Diversity Matrix (As of October 21, 2024)
Total
Number of Directors - 7
| |
|
Female |
|
Male |
|
Non-Binary |
|
Did
Not
Disclose
Gender |
| Part
I: Gender Identity |
|
|
|
|
|
|
|
|
| Directors |
|
1 |
|
6 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Part
II: Demographic Background |
|
|
|
|
|
|
|
|
| African
American or Black |
|
|
|
1 |
|
|
|
|
| Alaskan
Native or Native American |
|
|
|
|
|
|
|
|
| Asian |
|
|
|
|
|
|
|
|
| Hispanic
or Latinx |
|
|
|
|
|
|
|
|
| Native
Hawaiian or Pacific Islander |
|
|
|
|
|
|
|
|
| White |
|
1 |
|
5 |
|
|
|
|
| Two
or More Races or Ethnicities |
|
|
|
|
|
|
|
|
| LGBTQ+ |
|
|
|
|
|
|
|
|
| Did
Not Disclose Demographic Background |
|
|
|
|
|
|
|
|
Board
Role in Risk Oversight
Our
Audit Committee is primarily responsible for overseeing our risk management processes on behalf of the Board, including with respect
to cybersecurity risks. The Audit Committee receives reports from management on at least a quarterly basis regarding management’s
assessment of risks to the Company.
In
addition, the Audit Committee reports regularly to our Board, which also monitors our risk profile. The Audit Committee and the Board
focus on the most significant risks we face and our general risk management strategies, while our management team coordinates responses
to day-to-day risks.
Employee,
officer and director hedging
None
Code
of Conduct and Ethics
We
have adopted a written code of ethics and business conduct that applies to our directors, officers and employees, including our principal
executive officer, principal financial officer, principal accounting officer or controller or persons performing similar functions. The
code is updated periodically. While we make ministerial and technical amendments to the code from time to time, if we make any substantive
amendments to, or grant any waivers from, the code for any officer or director, we will disclose the nature of such amendment or waiver
in a current report on Form 8-K.
Family
Relationships
No
family relationships exist among any of our executive officers or directors.
Stockholder
Communications with the Board
We
have not implemented a formal policy or procedure by which our stockholders can communicate directly with our Board. However, Shareholders
have access to the Company’s management via a direct email link that can be foundon the Company’s website, and, in addition,
the LinkedIn address of each Board member appears on the Company’s website. We endeavor to ensure that the views of stockholders
are heard by the Board, and that appropriate responses are provided to stockholders in a timely manner. During the upcoming year, our
Board will continue to monitor whether it would be appropriate to adopt such a more formal process.
Insider
Trading Policy
We
have adopted an insider trading policy that governs the purchase and sale or other dispositions of our securities by us, our directors,
officers and employees, that are reasonably designed to promote compliance with insider trading laws, rules and regulations, and any
listing standards applicable to us. A copy of our insider trading policy has been filed as Exhibit 19.1 to our Annual Report on Form
10-K for fiscal year ending June 30, 2024.
Director
Compensation
Because
we are still in the development stage, our directors do not receive any cash compensation other than reimbursement for expenses incurred
during the performance of their duties or their separate duties as officers of the Company.
The
following table sets forth information concerning equity-based compensation for the fiscal year ending June 30, 2024 of our directors
serving at such time who are not also named executive officers.
| Name | |
Fiscal Year | | |
Options Granted (1) | | |
Stock Awards ($) | | |
Total
($) | |
| Jeffrey Enslin* | |
2024 | | |
$ | - | | |
$ | 340,352 | | |
$ | 340,352 | |
| | |
| | |
| | | |
| | | |
| | |
| Lemuel Amen* | |
2024 | | |
$ | - | | |
$ | 65,064 | | |
$ | 65,064 | |
| | |
| | |
| | | |
| | | |
| | |
| Alexander Ruckdaeschel* | |
2024 | | |
$ | - | | |
$ | 59,011 | | |
$ | 59,011 | |
| | |
| | |
| | | |
| | | |
| | |
| Ian Charles ** | |
2024 | | |
$ | 61,279 | | |
$ | - | | |
$ | 61,279 | |
| | |
| | |
| | | |
| | | |
| | |
| Tamar Elkeles | |
2024 | | |
$ | 21,333 | | |
$ | - | | |
$ | 40,853 | |
| | |
| | |
| | | |
| | | |
| | |
| Sharon Rowlands | |
2024 | | |
$ | 27,174 | | |
$ | - | | |
$ | 27,174 | |
*
Common shares issued in lieu of the cancelation of previously issued and fully vested stock options, and Board compensation for the fiscal
year
**
Includes stock options issued in lieu of the cancelation of previously issued and fully vested stock options, and Board compensation
for the fiscal year.
| (1) | The
amounts disclosed represent the approximate aggregate grant date fair value of stock options
granted to our directors during fiscal year ended June 30, 2024 under the Plan (as defined
below). The assumptions used to compute the fair value are disclosed in Note 9 to our audited
financial statements included in our Annual Report on Form 10-K for the year ended June 30,
2024. Such grant date fair values do not take into account any estimated forfeitures related
to service-vesting conditions. These amounts do not reflect the actual economic value that
will be realized by the named director upon the vesting of the stock options, the exercise
of the stock options, or the sale of common stock acquired under such stock options. |
| | |
| (2) | As
June 30, 2024, Mr. Enslin held options to purchase 0 shares of our common stock. |
| | |
| (3) | As
June 30, 2024, Mr. Amen held options to purchase 0 shares of our common stock. |
| | |
| (4) | As
June 30, 2024, Mr. Ruckdaeschel held options to purchase 0 shares of our common stock. |
| | |
| (5) | As
June 30, 2024, Mr. Charles held options to purchase 32.475 shares of our common stock. |
| | |
| (6) | Tamar
Elkeles was appointed to our Board, effective April 29, 2024. As June 30, 2024, Dr. Elkeles
held options to purchase 5,000 shares of our common stock. |
| | |
| (7) | Sharon
Rowlands resigned as a member of our Board, effective December 15, 2023. As June 30, 2024,
Ms. Rowlands held options to purchase 148,517 shares of our common stock. |
Executive
Compensation
This
section discusses the material components of our executive compensation program for our executive officers who are named in the “Summary
Compensation Table” below. For the fiscal year ended June 30, 2024, our “named executive officers” and their positions
were as follows:
| ● | Lyron
Bentovim, President and Chief Executive Officer; |
| | | |
| ● | Maydan
Rothblum, Chief Financial Officer and Chief Operating Officer; |
| | | |
| ● | David
J. Smith, Chief Creative Officer. |
Summary
Compensation Table
The
following table represents information regarding the total compensation awarded to, earned by or paid to our named executive officers
during the fiscal years ended June 30, 2024 and 2023:
| Name and Principal Position | |
Fiscal Year | | |
Salary | | |
Stock Awards ($) | | |
Option Award* | | |
All Other Compensation | | |
Total | |
| Lyron Bentovim | |
2024 | | |
$ | 265,000 | | |
| - | | |
$ | 69,638 | | |
$ | - | | |
$ | 334,638 | |
| President & CEO | |
2023 | | |
$ | 231,875 | | |
| 51,255 | | |
$ | 460,810 | | |
$ | 331 | | |
$ | 744,271 | |
| | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Maydan Rothblum | |
2024 | | |
$ | 235,000 | | |
| - | | |
$ | 357,746 | | |
$ | - | | |
$ | 592,746 | |
| CFO & COO | |
2023 | | |
$ | 211,500 | | |
| 36,360 | | |
$ | 293,243 | | |
$ | 4,622 | | |
$ | 545,725 | |
| | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| David J Smith | |
2024 | | |
$ | 210,000 | | |
| - | | |
$ | 49,686 | | |
$ | - | | |
$ | 259,686 | |
| CCO | |
2023 | | |
$ | 189,000 | | |
| - | | |
$ | 101,418 | | |
$ | 1,120 | | |
$ | 291,538 | |
*
FY ‘24 stock option award is primarily in lieu of cancelation of previously issued and fully vested stock options
| (1) | In
addition to serving as our President and Chief Executive Officer, Mr. Bentovim serves as
the Chairman and a member of our Board but receives no additional compensation for his service
on our Board. |
| | |
| (2) | In
addition to serving as our Chief Financial Officer and Chief Operating Officer, Mr. Rothblum
serves as a member of our Board but receives no additional compensation for his service on
our Board. |
| | |
| (3) | In
addition to serving as our Chief Creative Officer, Mr. Smith served as a member of our Board
until December 15, 2023 but received no additional compensation for such service on our Board. |
Employment
Agreements
Lyron
Bentovim
We
have entered into an executive employment agreement with Lyron Bentovim, which employment agreement shall continue until terminated by
either us or Mr. Bentovim. Pursuant to Mr. Bentovim’s employment agreement, he receives an annual base cash salary of $265,000.
In addition, Mr. Bentovim is eligible to receive performance bonuses as determined by our Compensation Committee.
Maydan
Rothblum
We
have entered into an executive employment agreement with Maydan Rothblum, which employment agreement shall continue until terminated
by either us or Mr. Rothblum. Pursuant to Mr. Rothblum’s employment agreement, he receives an annual cash base salary of $235,000.
In addition, Mr. Rothblum is eligible to receive performance bonuses as determined by our Compensation Committee.
David
J. Smith
We
have entered into an executive employment agreement with David J. Smith, which employment agreement shall continue until terminated by
either us or Mr. Smith. Pursuant to Mr. Smith’s employment agreement, he receives an annual cash base salary of $210,000. In addition,
Mr. Smith is eligible to receive performance bonuses as determined by our Compensation Committee.
Equity
Incentive Plan
In
October 2016, our stockholders approved our Equity Incentive Plan, as amended (the “Plan”), which is administered by our
Compensation Committee. Pursuant to the Plan, we are authorized to grant options and other equity awards to employees of the Company,
non-employee directors or key consultants to the Company and any person who has been offered employment by the Company, provided that
such prospective employee may not receive any payment or exercise any right relating to an award until such person has commenced employment
with the Company (the “Eligible Persons”). The purchase price of each share of common stock purchasable under an award issued
pursuant to the Plan, shall be determined by our Compensation Committee, in its sole discretion, at the time of grant, but shall not
be less than 100% of the fair market of such share of common stock on the date the award is granted, subject to adjustment. Our Compensation
Committee also has sole authority to set the terms of all awards at the time of grant.
Pursuant
to the Plan, a maximum of 10,000,000 shares of our common stock shall be set aside and reserved for issuance. In addition, subject to
adjustment as provided in the Plan, the share reserve will automatically increase on January 1 of each calendar year until (and including)
January 1, 2030 (each, an “Evergreen Date”) in an amount equal to 5% of the total number of shares of our common stock outstanding
on the December 31st immediately preceding the applicable Evergreen Date (the “Evergreen Increase”). Notwithstanding the
foregoing, our Board may act prior to the Evergreen Date of a given year to provide that there will be no Evergreen Increase for such
year, or that the Evergreen Increase for such year will be a lesser number of shares of our common stock than would otherwise occur pursuant
to the preceding sentence. Any common stock delivered under the Plan shall consist of authorized and unissued shares or treasury shares.
Pursuant to these provisions, effective January 1, 2024 the number of shares of our common stock set aside for the Plan automatically
increased to a total of approximately 12.2 million.
Under
the Plan, an Eligible Person may be granted options, stock appreciation rights, restricted stock, phantom stock, sale phantom stock,
stock granted as a bonus, a performance award, other stock-based awards or an annual incentive award, together with any related right
or interest.
The
term of each award under the Plan shall be for such period as may be determined by our compensation committee, subject to the express
limitations set forth in the Plan.
Unless
earlier terminated by our Board, the Plan will remain in effect until such time as no shares of common stock remain available for delivery
under the Plan and the Company has no further rights or obligations under the Plan with respect to outstanding awards under the Plan.
Outstanding
Equity Awards at Fiscal Year-End
The
following table discloses information regarding outstanding equity awards granted or accrued as of June 30, 2024, for our named executive
officers.
| Outstanding Equity Awards |
| | |
Option Awards | |
| | |
| | |
| | |
| | |
| |
| | |
Number of | | |
Number of | | |
| | |
| |
| | |
Securities | | |
Securities | | |
| | |
| |
| | |
Underlying | | |
Underlying | | |
| | |
| |
| | |
Unexercised | | |
Unexercised | | |
Option | | |
Option | |
| | |
Options (#) | | |
Options (#) | | |
Exercise | | |
Expiration | |
| Name | |
Exercisable | | |
Unexercisable | | |
Price | | |
Date | |
| Lyron Bentovim | |
| 30,250 | | |
| 90,750 | | |
$ | 7.00 | | |
| 2/15/2033 | |
| | |
| - | | |
| 24,051 | | |
$ | 3.00 | | |
| 3/1/2031 | |
| | |
| - | | |
| 24,051 | | |
$ | 2.50 | | |
| 3/1/2031 | |
| | |
| - | | |
| 24,051 | | |
$ | 2.00 | | |
| 3/1/2031 | |
| | |
| - | | |
| 1,089,000 | | |
$ | 7.00 | | |
| 2/15/2033 | |
| | |
| | | |
| | | |
| | | |
| | |
| Maydan Rothblum | |
| 3,805 | | |
| - | | |
$ | 7.00 | | |
| 2/15/2033 | |
| | |
| 15,445 | | |
| 57,750 | | |
$ | 7.00 | | |
| 2/15/2033 | |
| | |
| 16,302 | | |
| 233,698 | | |
$ | 1.50 | | |
| 3/1/2034 | |
| | |
| - | | |
| 729 | | |
$ | 3.00 | | |
| 3/1/2031 | |
| | |
| - | | |
| 17,986 | | |
$ | 3.00 | | |
| 3/1/2031 | |
| | |
| - | | |
| 875 | | |
$ | 2.50 | | |
| 3/1/2031 | |
| | |
| - | | |
| 17,840 | | |
$ | 2.50 | | |
| 3/1/2031 | |
| | |
| - | | |
| 1,094 | | |
$ | 2.00 | | |
| 3/1/2031 | |
| | |
| - | | |
| 17,621 | | |
$ | 2.00 | | |
| 3/1/2031 | |
| | |
| - | | |
| 693,000 | | |
$ | 7.00 | | |
| 2/15/2033 | |
| | |
| | | |
| | | |
| | | |
| | |
| D.J. Smith | |
| 5,500 | | |
| 16,500 | | |
$ | 7.00 | | |
| 2/15/2033 | |
| | |
| - | | |
| 17,160 | | |
$ | 3.00 | | |
| 3/1/2031 | |
| | |
| - | | |
| 17,160 | | |
$ | 2.50 | | |
| 3/1/2031 | |
| | |
| - | | |
| 17,160 | | |
$ | 2.00 | | |
| 3/1/2031 | |
| | |
| - | | |
| 198,000 | | |
$ | 7.00 | | |
| 2/15/2033 | |
Risk
Management
The
Company does not believe risks arising from its compensation policies and practices for its employees are reasonably likely to have a
material adverse effect on the Company.
SECTION
16(A) COMPLIANCE
Section
16(a) of the Exchange Act, requires our directors, officers, and persons who own more than 10% of our common stock to file with the SEC
initial reports of ownership and reports of changes in ownership of common stock and other of our equity securities. To our knowledge,
based solely on review of the copies of such reports furnished to us, as of the date of this proxy, all Section 16(a) filings applicable
to officers, directors, and greater than 10% stockholders were made.
SECURITY
OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
Except
as otherwise indicated below, the following table sets forth certain information regarding beneficial ownership of our common stock as
of the Record Date by:
| ● | each
of our current directors; |
| | | |
| ● | each
of our named executive officers; |
| ● | each
person or group of affiliated persons known to us to be the beneficial owner of more than
5% of our common stock; and |
| | | |
| ● | all
of our directors and executive officers as a group. |
Beneficial
ownership is determined in accordance with the rules of the SEC and generally includes voting or investment power with respect to the
securities. Common stock issuable upon the exercise, conversion or settlement of options, warrants, restricted stock units or other rights
to acquire common stock that are currently exercisable, convertible or subject to settlement, or exercisable, convertible or subject
to settlement within 60 days of the Record Date are deemed to be outstanding and beneficially owned by the holder for the purpose of
computing share and percentage ownership of that holder, but are not treated as outstanding for the purpose of computing the percentage
ownership of any other person. Except as indicated in the footnotes to the table below, and subject to community property laws where
applicable, we believe the persons and entities named in the table below have sole voting and investment power with respect to all common
stock shown as beneficially owned by them. Unless otherwise indicated, the address of each of the individuals and entities named below
is c/o The Glimpse Group, Inc., 15 West 38th St., 12th Floor, New York, NY 10018. The percentage of shares beneficially owned is computed
on the basis of 18,166,217 shares of common stock outstanding as of the Record Date.
| Name of Beneficial Owner | |
Common Stock Beneficially Owned |
| |
Percentage of Common Stock Owned | |
| | |
|
| |
| |
| Directors and Officers: | |
| |
| |
| | |
| | |
| |
| |
| | |
| Lyron L. Bentovim | |
| |
| |
| | |
| President, Chief Executive Officer and Chairman of the Board | |
| 1,084,167 |
(1) | |
| 5.96 | % |
| | |
| |
| |
| | |
| Maydan Rothblum | |
| |
| |
| | |
| Chief Operating Officer, Chief Financial | |
| |
| |
| | |
| Officer, Secretary and Treasurer | |
| 532,870 |
(2) | |
| 2.93 | % |
| | |
| |
| |
| | |
| D.J. Smith | |
| |
| |
| | |
| Chief Creative Officer and Director | |
| 1,008,048 |
(3) | |
| 5.55 | % |
| | |
| |
| |
| | |
| Jeff Enslin | |
| |
| |
| | |
| Director and Chair of Audit Committee | |
| 335,405 |
(4) | |
| 1.85 | % |
| | |
| |
| |
| | |
| Lemuel Amen | |
| |
| |
| | |
| Director | |
| 148,122 |
(5) | |
| 0.82 | % |
| | |
| |
| |
| | |
| Alexander Ruckdaeschel | |
| |
| |
| | |
| Director | |
| 48,889 |
(6) | |
| 0.27 | % |
| | |
| |
| |
| | |
| Ian Charles | |
| |
| |
| | |
| Director and Chair of Audit Committee | |
| 36,475 |
(7) | |
| 0.20 | % |
| | |
| |
| |
| | |
| Tamar Elkeles | |
| |
| |
| | |
| Director | |
| 10,000 |
(8) | |
| 0.06 | % |
| | |
| |
| |
| | |
| All officers and directors | |
| 3,958,672 |
| |
| 21.47 | % |
| | |
| |
| |
| | |
| Beneficial owners of more than 5% | |
| |
| |
| | |
| | |
| |
| |
| | |
| VRTech Consulting LLC | |
| 1,002,298 |
(9) | |
| 5.52 | % |
| | |
| |
| |
| | |
| Darklight Partners LLC | |
| 1,001,945 |
(10) | |
| 5.52 | % |
(1)
Includes: 1,053,916 shares of common stock, of which 1,001,945 shares are owned by Darklight Partners LLC (an entity owned and managed
by Mr. Bentovim) and fully vested options to purchase 30,250 shares of common stock.
(2)
Includes: 486,450 shares of common stock, 35,552 fully vested options and 10,868 options that vest within 60 days. An additional 3,528
shares of common stock are held by Mr. Rothblum’s mother.
(3)
Includes: 1,002,298 shares of common stock owned by VRTech Consulting LLC (an entity owned and managed by Mr. Smith) and fully vested
options to purchase 5,500 shares of common stock.
(4)
Includes: 332,405 shares of common stock owned by Perimetre Capital, LLC (an entity owned and managed by Mr. Enslin).
(5)
Represents 148,405 shares of common stock
(6)
Represents 48,889 shares of common stock
(7)
Represents 32,475 fully vested options and 4,000 options that vest within 60 days
(8)
Represents 5,000 fully vested options and 5,000 options that vest within 60 days.
(9)
VRTech Consulting LLC is an entity owned and managed by Mr. Smith, our Chief Creative Officer.
(10)
Darklight Partners LLC is an entity owned and managed by Mr. Bentovim, our President, Chief Executive Officer and Chairman.
CERTAIN
RELATIONSHIPS AND RELATED PARTY TRANSACTIONS
Related
Party Transactions
None.
PROPOSAL
NO. 2 - ADVISORY VOTE ON EXECUTIVE COMPENSATION
The
SEC has adopted final rules requiring most public companies to provide stockholders with periodic advisory (non-binding) votes on executive
compensation, also referred to as “say-on-pay” proposals. The Company presents the following proposal, which gives you as
a stockholder the opportunity to endorse or not endorse the Company’s compensation for the named executive officers listed under
“Executive Compensation” in this proxy statement, by voting for or against the following resolution.
“RESOLVED,
that the compensation paid to the Company’s named executive officers, as disclosed pursuant to Item 402 of Regulation S-K, including
the compensation tables and narrative discussion is hereby approved.”
Pursuant
to Rule 14a-21 of the Exchange Act, this vote will not be binding on the Board or the Compensation Committee and may not be construed
as overruling a decision by the Board, creating or implying any change to the fiduciary duties of the Board or any additional fiduciary
duty by the Board or restricting or limiting the ability of stockholders to make proposals for inclusion in proxy materials related to
executive compensation. The Compensation Committee, however, may take into account the outcome of the vote when considering future executive
compensation arrangements.
Required
Stockholder Vote and Recommendation of Our Board
In
voting to approve the above resolution, stockholders may vote for the resolution, against the resolution or abstain from voting. This
matter will be decided by the affirmative vote of a majority of the votes cast at the Meeting by the holders of shares of common stock
entitled to vote.
Board
Recommendation
OUR
BOARD RECOMMENDS THAT YOU VOTE
“FOR”
THE RESOLUTION IN THE SAY-ON-PAY PROPOSAL
PROPOSAL
NO. 3 — RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
While
stockholder ratification of the Company’s independent registered public accountants is not required by our Certificate of Incorporation,
Bylaws, or otherwise, the Audit Committee and management believe that it is desirable and a matter of good corporate practice for stockholders
to ratify the Company’s selection of the independent registered public accountants. The Audit Committee has selected Turner, Stone
& Company, L.L.P to serve as the independent registered public accounting firm of the Company for the fiscal year ending June 30,
2025. Therefore, we are requesting that stockholders approve the proposal to ratify the appointment of Turner, Stone & Company, L.L.P
as our independent registered public accounting firm.
The
Audit Committee values the input of our stockholders. In the event that stockholders do not approve this proposal, the Audit Committee
may reconsider this appointment.
We
have been advised by Turner, Stone & Company, L.L.P that neither the firm nor any of its associates had any relationship during the
last fiscal year with our Company other than the usual relationship that exists between independent registered public accountant firms
and their clients. Representatives of Turner, Stone & Company, L.L.P are not expected to attend the Meeting in person and therefore
are not expected to be available to respond to any questions. As a result, representatives of Turner, Stone & Company, L.L.P will
not make a statement at the Meeting.
As
reported in our Current Report on Form 8-K filed with the SEC on December 21, 2023, Hoberman & Lesser, CPAs LLP (“Hoberman”)
resigned as independent registered public accounting firm of the Company effective as of December 20, 2023.
Hoberman’s
audit reports on the Company’s consolidated financial statements as of and for the fiscal years ended June 30, 2023 and 2022, did
not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting
principles.
During
the fiscal years ended June 30, 2023 and 2022, and the subsequent interim period through December 20, 2023, there were no (i) disagreements
(as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) between the Company and Hoberman on any matter of accounting
principles or practices, financial statement disclosure or auditing scope or procedure, which would have caused it to make reference
to the subject matter of such a disagreement in connection with its audit reports on the Company’s financial statements for such
years, or (ii) reportable events (as described in Item 304(a)(1)(v) of Regulation S-K).
On
December 20, 2023, the Company appointed Turner, Stone & Company, L.L.P. as the Company’s new independent registered public
accounting firm effective as of December 20, 2023. The Audit Committee approved the appointment of Turner, Stone & Company, L.L.P.
During
the fiscal years ended June 30, 2023 and 2022, and the subsequent interim period through December 20, 2023, neither the Company, nor
anyone acting on its behalf, consulted with Turner, Stone & Company, L.L.P. regarding (i) the application of accounting principles
to a specified transaction, either completed or proposed, or the type of audit opinion that may be rendered on the Company’s financial
statements, and Turner, Stone & Company, L.L.P. did not provide either a written report or oral advice to the Company that was an
important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue, or (ii)
any matter that was either the subject of a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions)
or a reportable event (as described in Item 304(a)(1)(v) of Regulation S-K.
Board
Recommendation
The
Board recommends that you vote “for” ratifying the appointment of Turner, Stone & Company, L.L.P. to serve as the Company’s
independent registered public accounting firm for the FISCAL year endING June 30, 2025.
Fees
Paid to the Independent Registered Public Accounting Firm
The
following is a summary of the fees billed or expected to be billed to us for professional services rendered with respect to the fiscal
years ended June 30, 2024 and 2023:
| | |
For the Year Ended | |
| | |
June 30, | |
| | |
2024 | | |
2023 | |
| Audit fees | |
$ | 108,000 | | |
$ | 158,000 | |
| Audit fees – benefit plan | |
| 20,000 | | |
| — | |
| Tax fees | |
| 13,000 | | |
| — | |
| Other fees | |
| — | | |
| 9,000 | |
| Total Fees | |
$ | 141,000 | | |
$ | 167,000 | |
“Audit
Fees” represent fees for respective fiscal year audits, including the review of our quarterly financial statements.
Policy
on Audit Committee Pre-Approval of Audit and Permissible Non-Audit Services of Independent Auditors
Our
Board has adopted a policy governing the pre-approval by the Audit Committee of all services, audit and non-audit, to be provided to
our Company by our independent auditors. Under the policy, the Audit Committee has pre-approved the provision by our independent auditors
of specific audit, audit related, tax and other non-audit services as being consistent with auditor independence. Requests or applications
to provide services that require the specific pre-approval of the Audit Committee must be submitted to the Audit Committee by the independent
auditors, and the independent auditors must advise the Board as to whether, in the independent auditor’s view, the request or application
is consistent with the SEC’s rules on auditor independence.
The
Audit Committee has considered the nature and amount of the fees billed by Turner, Stone & Company, L.L.P. and believes that the
provision of the services for activities unrelated to the audit is compatible with maintaining the independence of Turner, Stone &
Company, L.L.P.
Audit
Committee Report
The
primary purpose of the Audit Committee is to assist the Board in fulfilling its responsibility to oversee our financial reporting activities.
The Audit Committee is responsible for reviewing with both our independent registered public accounting firm and management, our accounting
and reporting principles, policies and practices, and our accounting, financial, and operating controls and staff. The Audit Committee
has reviewed and discussed our audited financial statements with management, and has discussed with our independent registered public
accounting firm the matters required to be discussed by the Public Company Accounting Oversight Board (the “PCAOB”) and the
SEC. Additionally, the Audit Committee has received the written disclosures and the letter from our independent registered public accounting
firm, as required by the applicable requirements of the PCAOB regarding the independent accountant’s communications with the Audit
Committee concerning independence, and has discussed with the independent registered public accounting firm’s independence. Based
upon such review and discussion, the Audit Committee recommended to the Board that the audited financial statements be included in our
Annual Report on Form 10-K for the fiscal year ended June 30, 2024 for filing with the SEC. The Audit Committee has also approved, subject
to stockholders’ ratification, the appointment of Turner, Stone & Company, L.L.P. to serve as the Company’s independent
registered public accounting firm for the fiscal year ending June 30, 2025.
Respectfully
submitted by the Audit Committee,
Ian
Charles (Chair)
Lemuel Amen
Jeff Enslin
OTHER
MATTERS
Our
Board knows of no other matter to be presented at the Meeting. If any additional matter should properly come before the Meeting, it is
the intention of the persons named in the enclosed proxy to vote such proxy in accordance with their judgment on any such matters.
STOCKHOLDER
PROPOSALS
Stockholder
Director Nominations or Other Stockholder Proposals
Our
bylaws provide that, for stockholder nominations of persons for election to our Board or other stockholder proposals to be considered
at an annual meeting of our stockholders, (i) a stockholder must give timely notice thereof in proper written form to our Secretary at
The Glimpse Group, Inc., 15 West 38th St., 12th Fl, New York, NY 10018, not later than the close of business 90 days, nor earlier than
the close of business 120 days, prior to the first anniversary of the date of the preceding year’s annual meeting, and (ii) in
the case of business other than nominations, such other business must otherwise be a proper matter for stockholder action. However, our
bylaws also provide that in the event the date of the annual meeting is more than 30 days before or more than 90 days after such anniversary
date, or if no annual meeting was held in the preceding year, notice by a stockholder must be delivered not earlier than the 120th day
prior to such annual meeting and not later than the close of business on the later of the 90th day prior to such annual meeting and the
10th day following the day on which public announcement of the date of such meeting is first made. Any nomination must include all information
relating to the nominee that is required to be disclosed in solicitations of proxies for election of directors in election contests or
is otherwise required under Regulation 14A of the Exchange Act, the person’s written consent to be named in the proxy statement
and to serve as a director if elected, such other information as is required under our bylaws, and such other information as we might
reasonably require to determine the eligibility of the person to serve as a director. As to other business, the notice must include a
brief description of the business desired to be brought before the meeting, the text of the proposal, the reasons for conducting such
business at the meeting, any material interest of such stockholder (and the beneficial owner) in the proposal, and such other information
as is required under our bylaws.
In
addition, to make a nomination or proposal, (i) the stockholder must be entitled to vote at the meeting on the election of directors
or such business, as applicable, (ii) the stockholder must have held such stockholder’s shares in the Company for no less than
one year prior to the date of the proposal, (iii) such stockholder’s shares must represent no less than 1% of our securities entitled
to be voted on the proposal or have an aggregate value no less than $2,000, and (iv) such stockholder must be a stockholder of record
at the time such notice is delivered to our Secretary.
The
foregoing requirements may preclude stockholders from bringing matters before our stockholders at an annual meeting.
Deadline
for Submission of Stockholder Proposals for 2025 Annual Meeting of Stockholders
For
any proposal to be considered for inclusion in our proxy statement and form of proxy for submission to the stockholders at our 2025 Annual
Meeting of Stockholders, it must be submitted in writing and comply with the requirements of Rule 14a-8 of the Exchange Act. Such proposals
must be received by the Company at its offices at 15 West 38th St., 12th Fl, New York, NY 10018, no later than 6:00 p.m. on June 30,
2025.
If
we are not notified of a stockholder proposal within a reasonable time prior to the time we send our proxy statement for our 2025 Annual
Meeting of Stockholders, our Board will have discretionary authority to vote on the stockholder proposal, even though the stockholder
proposal is not discussed in the proxy statement. In order to curtail any controversy as to the date on which a stockholder proposal
was received by us, it is suggested that stockholder proposals be submitted by certified mail, return receipt requested, and be addressed
to The Glimpse Group, Inc., 15 West 38th St., 12th Floor, New York, NY 10018. The foregoing shall not affect any rights of stockholders
to request inclusion of proposals in our proxy statement pursuant to Rule 14a-8 under the Exchange Act nor grant any stockholder a right
to have any nominee included in our proxy statement.
OTHER
IMPORTANT INFORMATION
Proxy
Solicitation
The
solicitation of proxies is made on behalf of the Board and we will bear the cost of soliciting proxies. Clear Trust, LLC has been engaged
to assist in the proxy solicitation. Proxies may be solicited through the mail and through telephonic or telegraphic communications to,
or by meetings with, stockholders or their representatives by our directors, officers, and other employees who will receive no additional
compensation therefor. We may also retain a proxy solicitation firm to assist us in obtaining proxies by mail from record and beneficial
holders of shares for the Meeting. If we retain a proxy solicitation firm, we expect to pay such firm reasonable and customary compensation
for its services, including out-of-pocket expenses.
We
request persons such as brokers, nominees, and fiduciaries holding stock in their names for others, or holding stock for others who have
the right to give voting instructions, to forward proxy material to their principals and to request authority for the execution of the
proxy. We will reimburse such persons for their reasonable expenses.
Annual
Report
The
Annual Report is being sent with this proxy statement to each stockholder and is available at https://ir.theglimpsegroup.com/corpgov/
as well as on the SEC’s website at www.sec.gov.
Delivery
of Proxy Materials to Households
Only
one copy of this proxy statement is being delivered to multiple registered stockholders who share an address unless we have received
contrary instructions from one or more of the stockholders. A separate form of proxy and a separate notice of the Meeting are being included
for each account at the shared address. Registered stockholders who share an address and would like to receive a separate copy of this
proxy statement, or have questions regarding the householding process, may contact ClearTrust, LLC, by calling +1-813-235-4490, or via
email inbox@cleartrusttransfer.com or by forwarding a written request addressed to ClearTrust, LLC, 16540 Pointe Village
Drive, Ste 210, Lutz, FL 33558.
Promptly
upon request, a separate copy of this proxy statement will be sent. By contacting ClearTrust, LLC, registered stockholders sharing an
address can also (i) notify the Company that the registered stockholders wish to receive separate annual reports to stockholders, proxy
statements, and/or Notices of Internet Availability of Proxy Materials, as applicable, in the future or (ii) request delivery of a single
copy of annual reports to stockholders and proxy statements in the future if registered stockholders at the shared address are receiving
multiple copies.
Many
brokers, brokerage firms, broker/dealers, banks, and other holders of record have also instituted “householding” (delivery
of one copy of materials to multiple stockholders who share an address). If your family has one or more “street name” accounts
under which you beneficially own shares of our common stock, you may have received householding information from your broker, brokerage
firm, broker/dealer, bank, or other nominee in the past. Please contact the holder of record directly if you have questions, require
additional copies of this proxy statement or our Annual Report or wish to revoke your decision to household and thereby receive multiple
copies. You should also contact the holder of record if you wish to institute householding.
WHERE
YOU CAN FIND ADDITIONAL INFORMATION
We
are subject to the informational requirements of the Exchange Act and in accordance therewith files reports, proxy statements, and other
information with the SEC. Such reports, proxy statements, and other information are available on the SEC’s website at www.sec.gov.
Stockholders who have questions in regard to any aspect of the matters discussed in this proxy statement should contact the Company’s
Chief Financial Officer & Chief Operating Officer, Maydan Rothblum, at (917) 292-2685 or via email maydan@theglimpsegroup.com or
by mail at 15 West 38th St., 12th Fl, New York, NY 10018 or by telephone on (917) 292-2685.
Important
Notice Regarding the Availability of Proxy Materials for the Annual Meeting: The Notice & Proxy Statement and the Annual Report
are available at https://ir.theglimpsegroup.com/corpgov/ .
Glimpse (NASDAQ:VRAR)
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過去 株価チャート
から 12 2023 まで 12 2024
