M-tron Industries Inc

1. 1

   Election of Directors

   ManagementBoard: FOR

   Elect seven (7) director nominees to serve until the 2027 Annual Meeting of Stockholders.

2. 2

   Advisory Vote to Approve Executive Compensation

   ManagementBoard: FOR

   Non-binding advisory 'say-on-pay' proposal to approve the compensation of the Company's Named Executive Officers for the year ended December 31, 2025, as disclosed in the Proxy Statement.

   More detail

   This non-binding advisory proposal asks shareholders to approve the compensation of the Company's Named Executive Officers as disclosed in the proxy, commonly referred to as a 'say-on-pay' vote. Management is submitting this annual advisory vote to provide shareholders an opportunity to express their views on executive pay despite prior strong shareholder support (approximately 95.2% in favor at the 2025 Annual Meeting). Management asserts that the compensation program aligns executives with stockholder interests by tying a meaningful portion of pay to performance metrics (base salary, annual incentives, and long-term equity awards), linking pay to revenue growth, EBITDA, EPS, return on equity, and long-term market value. The Board notes the vote is advisory and non-binding but will be considered by the Compensation Committee and Board if there is significant opposition, and the Company has adopted a policy of providing annual advisory approvals. Key contextual elements include the recent appointment of a permanent CEO with a revised compensation arrangement blending fixed and performance-based elements and the Company's use of equity awards as a principal compensation tool. Management argues that the structure encourages long-term value creation while retaining and motivating executives in a competitive market. Opposing viewpoints (not present in the filing) would typically focus on pay quantum, performance metric appropriateness, or disclosure clarity; management attempts to address these through its CD&A, benchmarking practices, and disclosure of incentive structures and clawback policy. For a sophisticated analyst, relevant evaluation points include the historic say-on-pay voting results, the explicit performance measures used, the mix of fixed versus at-risk pay, the Compensation Committee’s governance practices, and potential disconnects between realized pay and company performance as captured in the proxy’s pay-versus-performance disclosure. The Board’s recommendation is grounded in its view that the program supports recruitment and retention and aligns executive incentives with stockholder value creation.

3. 3

   Approval of the Second Amended and Restated M-tron Industries, Inc. 2022 Incentive Plan

   ManagementBoard: FOR

   Approve the Second A&R 2022 Incentive Plan to increase the share reservation by 1,000,000 shares (to a total of 1,500,000), increase the ISO limit, extend the plan term to the 10th anniversary of the 2026 Annual Meeting, and make other technical and market-standard updates.

   More detail

   This management proposal requests shareholder approval to adopt the Second Amended and Restated 2022 Incentive Plan, effectively increasing the plan's share reserve by 1,000,000 shares (from 500,000 originally authorized to a total of 1,500,000), raising the ISO limit, extending the plan term to the 10th anniversary of the 2026 Annual Meeting, and making market-standard and technical updates. Management explains the need by citing the limited remaining availability under the current Amended 2022 Plan (136,263 shares as of the April 27, 2026 record date) and projects that without additional shares the company could be unable to grant equity awards beyond 2028 based on hiring and retention needs, historic grant rates, and current share price. The Board and Compensation Committee argue that equity compensation is a core component of executive and employee remuneration that aligns long-term employee incentives with stockholder value creation and helps attract and retain talent; they also note governance features in the new plan (no liberal share recycling, no repricing without shareholder approval, no evergreen feature, annual director compensation limits, and clawback provisions). From a governance and investor-intelligence perspective, key considerations include the dilution impact and overhang (the filing quantifies current overhang at 5.8% without the requested shares and 20.8% with them), the Company’s historical burn rate (three-year average 4.2%), the anticipated plan longevity (management estimates ~10 years of run-rate), and the Compensation Committee’s rationale referencing benchmarking and its consultant’s advice. The board’s recommendation is rooted in operational needs (recruiting, retention), market practice, and a desire to preserve the equity-based component of compensation rather than substituting cash which could increase expense and weaken alignment. Potential shareholder concerns center on dilution, the size of the share request relative to company market cap, and whether grant practices and governance safeguards are sufficient — these are mitigated in part by the disclosed governance protections and the Committee’s stated consideration of burn rate and institutional voting guidelines. For an analyst, the proposal merits assessment of the requested share pool relative to comparable companies, expected dilution trajectory under likely grant scenarios, details of grant recipients and limits, and the strength of the plan’s anti-dilution and governance protections.

4. 4

   Ratification of Appointment of Independent Registered Public Accounting Firm

   ManagementBoard: FOR

   Ratify the appointment of PKF O'Connor Davies, LLP as M-tron's independent registered public accounting firm for the year ending December 31, 2026.

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When is the M-tron Industries Inc 2026 annual meeting?

M-tron Industries Inc (MPTI) holds its 2026 annual shareholder meeting on Tuesday, June 16, 2026.

What is the record date for the M-tron Industries Inc 2026 meeting?

The record date for the M-tron Industries Inc 2026 meeting is Monday, April 27, 2026. Shareholders of record on or before that date are eligible to vote.

Who are the director nominees for M-tron Industries Inc's 2026 meeting?

The board is presenting 7 director nominees at the M-tron Industries Inc 2026 meeting, listed with their independence status and background.

What proposals will shareholders vote on at the M-tron Industries Inc 2026 meeting?

Shareholders will vote on 4 proposals at the M-tron Industries Inc 2026 meeting, each tagged with who proposed it and the board's recommendation.