DEFA14A: MicroVision Updates Proxy Statement Following Auditor Merger, Appoints Baker Tilly as Successor

MicroVision, Inc. has filed a supplement to its proxy statement to inform shareholders of the merger between its independent auditor, Moss Adams LLP, and Baker Tilly US, LLP, resulting in Baker Tilly's appointment as the new auditor.

Summary

• MicroVision, Inc. filed a Supplement to its Proxy Statement for the Annual Meeting of Shareholders to be held on June 6, 2025.
• The supplement specifically addresses Proposal Five, which concerns the ratification of the selection of the independent registered accounting firm.
• On June 3, 2025, MicroVision was notified that its independent registered public accounting firm, Moss Adams LLP, merged with Baker Tilly US, LLP, effective the same day.
• Following the merger, the combined audit practices will operate under the name Baker Tilly US, LLP.
• As a result of the merger, Moss Adams has resigned as MicroVision's auditor.
• The Audit Committee of MicroVision's Board of Directors has approved the appointment of Baker Tilly as the successor independent registered public accounting firm.
• The supplement clarifies that all references to Moss Adams in Proposal Five of the definitive proxy statement (filed April 28, 2025) are modified to include any successor firm, specifically Baker Tilly.
• Shareholder votes 'FOR' Proposal Five will now indicate support for the ratification of the appointment of Moss Adams or any successor firm, including Baker Tilly, for the current fiscal year.
• No other changes have been made to the original Proxy Statement.
• This Supplement was first released to shareholders on or about June 5, 2025, and should be read in conjunction with the original Proxy Statement.

Sentiment

Score: 5

Explanation: Neutral. The document reports a standard administrative change (auditor merger and succession) with no apparent positive or negative operational or financial implications for the company.

Positives

• The company's Audit Committee promptly approved Baker Tilly as the successor auditor, ensuring continuity of audit services.
• The transition appears to be a smooth administrative process following a standard industry event (auditor merger).

Future Outlook

The document provides no forward-looking financial statements or guidance. It solely clarifies an administrative matter regarding the company's independent auditor for the upcoming Annual Meeting of Shareholders.

Management Comments

• "MicroVision is filing this supplement to clarify that all references to Moss Adams are modified to include any successor firm, such as Baker Tilly, in Proposal Five of the definitive proxy statement."

Industry Context

Mergers and acquisitions among accounting firms are a common occurrence in the professional services industry. This event reflects a standard administrative adjustment for a client company following such a consolidation, ensuring continuity of audit services under the new combined entity.

Corporate Governance

Stakeholder Impact

• Shareholders: Informed of the change in the independent auditor for voting purposes at the upcoming Annual Meeting. Their vote on Proposal Five will now ratify Baker Tilly as the auditor.

Next Steps

• Shareholders will vote on Proposal Five, which now includes the ratification of Baker Tilly as the independent registered public accounting firm, at the Annual Meeting on June 6, 2025.

Key Dates

Recommendation

Keywords

MicroVision, MVIS, SEC filing, DEFA14A, proxy statement, auditor, independent registered public accounting firm, Moss Adams, Baker Tilly, merger, corporate governance, audit committee, shareholder meeting