On May 17, 2023, Carol DiBattiste resigned as a member and Chairperson of the Board of Directors, and the Audit, Compensation, and Nominating and Corporate Governance Committees of AEye, Inc., effective as of May 18, 2023, to accept a position with the U.S. Government. Ms. DiBattiste's resignation was not due to any disagreement with the Company on any matter relating to the Company's operations, policies, or practices. In light of the resignation of Ms. DiBattiste, the Board appointed Matthew Fisch, the Company's Chief Executive Officer, as the Chairman of the Board, and Timothy J. Dunn, as the Company's lead independent director.