AWARE INC /MA/
For the period ended Jul 15, 2026. Filed May 22, 2026.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Jul 15, 2026 · Filed May 22, 2026
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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 (Amendment No. )
| 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 Under Rule 14a-12 |
AWARE, 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 b item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0.11 |
May 25, 2026
Dear Fellow Stockholder:
You are cordially invited to attend the 2026 Annual Meeting of Stockholders of Aware, Inc. ("Aware") to be held at Aware’s corporate office, located at 76 Blanchard Road in Burlington, Massachusetts 01803 on Wednesday, July 15, 2026 at 10:00 a.m. local time. The attached notice and proxy statement describe the formal business to be transacted at the meeting.
We are furnishing proxy materials to our shareholders over the Internet. You may read, print and download our 2025 Annual Report to Stockholders and our Proxy Statement atwww.proxydocs.com/AWRE. On May 25, 2026, we mailed our stockholders a notice containing instructions on how to access these materials and how to vote their shares. The notice provides instructions on how you can request a paper copy of these materials by mail, by telephone or by email. If you requested your materials via email, the email contains voting instructions and links to the materials on the Internet.
You may vote your shares by proxy or in person at the Annual Meeting. The Annual Meeting is being held so that stockholders may consider:
the re-election of Ajay K. Amlani and Peter R. Faubert as Class III directors,
an advisory resolution with respect to the compensation of Aware's named executive officers, as described in this Proxy Statement,
the ratification of the appointment of RSM US LLP as Aware’s independent registered public accounting firm for the year ending December 31, 2026; and
To approve an amendment to the Company’s 2023 Equity and Incentive Plan to increase the number of shares of common stock authorized for issuance thereunder by 1,000,000 shares.
The board of directors of Aware has determined that the matters to be considered at the Annual Meeting are in the best interests of Aware and its stockholders. For the reasons set forth in the Proxy Statement, the board of directors unanimously recommends a vote “FOR” the re-election of Messrs. Amlani and Faubert, "FOR" the approval on an advisory basis of the executive compensation descried in this Proxy Statement, and "FOR" the ratification of RSM US LLP as Aware's independent registered public accounting firm for the year ending December 31, 2026.
On behalf of the board of directors and the officers and employees of Aware, I would like to take this opportunity to thank our stockholders for their continued support of Aware. We look forward to seeing you at the meeting.
Sincerely,
/s/ Ajay K. Amlani
Ajay K. Amlani
Chief Executive Officer and President
Notice of Annual Meeting of Stockholders
to be held on July 15, 2026
Aware, Inc. hereby gives notice that it will hold its annual meeting of stockholders at the offices of Aware, Inc., 76 Blanchard Road, Burlington, Massachusetts on Wednesday, July 15, 2026, beginning at 10:00 a.m., local time, for the following purposes:
To consider and vote upon the re-election of Ajay K. Amlani and Peter R. Faubert as our Class III directors;
To conduct an advisory vote to approve the compensation of our named executive officers;
To ratify the appointment by our audit committee of RSM US LLP as our independent registered public accounting firm for our fiscal year ended December 31, 2026;
To approve an amendment to the Company’s 2023 Equity and Incentive Plan to increase the number of shares of common stock authorized for issuance thereunder by 1,000,000 shares; and
To transact such other business as may properly come before the annual meeting or any adjournment thereof.
The board of directors has fixed the close of business on May 19, 2026 as the record date for the determination of the stockholders of Aware entitled to receive notice of the annual meeting and to vote at the meeting. Only stockholders of record on that date are entitled to receive notice of the annual meeting and to vote at the meeting or any adjournment thereof.
By order of the board of directors,
AJAY K. AMLANI
Chief Executive Officer and President
May 25, 2026
Burlington, Massachusetts
YOUR VOTE IS IMPORTANT
Please sign and return the enclosed proxy or vote your proxy over the Internet or by telephone,
whether or not you plan to attend the meeting.
Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Stockholders to Be Held on July 15, 2026. The Proxy Statement and our 2025 Annual Report to Stockholders are available on the following web site: www.proxydocs.com/AWRE.
This website does not use “cookies” to track or identify visitors.
(781) 687-0300
PROXY STATEMENT
ANNUAL MEETING OF STOCKHOLDERS
to be held on July 15, 2026
This proxy statement relates to the 2026 annual meeting of stockholders of Aware, Inc. (“Aware”). The annual meeting will take place as follows:
Date: July 15, 2026
Time: 10:00 a.m.
Place: Aware, Inc.
Our board of directors is soliciting proxies for the annual meeting and adjournments of the annual meeting. If a stockholder returns a properly executed proxy or votes his or her proxy over the Internet or by telephone, the shares represented by the proxy will be voted in accordance with the stockholder’s directions. If a stockholder does not specify a vote on any proposal, the shares covered by his or her proxy will be voted on that proposal as management recommends. We encourage stockholders to vote on all proposals. A stockholder may revoke his, her or its proxy at any time before it has been exercised.
A Notice of Internet Availability of Proxy Materials is being mailed and the Proxy Statement, Annual Report and the form of proxy are first being sent or made available to stockholders on or about May 21, 2026.
PROXY STATEMENT
table of contents
| Annual Meeting of Stockholders | 2 |
|---|---|
| Purpose of the annual meeting | 2 |
| Record date | 2 |
| Shares Held by Brokers or Nominees | 3 |
| Quorum | 4 |
| Vote required; tabulation of votes | 4 |
| Revocation of proxies | 5 |
| Solicitation of proxies | 5 |
| Matters To Be Considered At The Annual Meeting | 6 |
| Proposal One—Re-Election of Class III Directors | 6 |
| Proposal Two—Advisory Vote on Executive Compensation | 6 |
| Proposal Three— Ratification of the Selection of our Independent Registered Public Accounting Firm | 7 |
| Proposal Four— To approve an amendment to the Company's 2023 Equity and Incentive Plan to increase the number of shares of common stock authorized for issuance thereunder by 1,000,000 shares | 7 |
| Corporate Governance | 15 |
| Directors and Executive Officers | 16 |
| Directors and executive officers | 16 |
| Board leadership structure and role in risk oversight | 20 |
| Certain relationships and related transactions | 20 |
| Committees and meetings of the board | 21 |
| Policy regarding board attendance | 22 |
| Communications with our board of directors | 23 |
| Code of ethics | 23 |
| Compensation committee interlocks and insider participation | 23 |
| Compensation of Executive Officers and Directors | 24 |
| DIRECTOR COMPENSATION | 34 |
| Report of the Audit Committee | 35 |
| Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 36 |
| Principal stockholders | 36 |
| Equity compensation plan information | 37 |
| Delinquent Section 16(a) Reports | 39 |
| Independent Registered Public Accounting Firm | 40 |
| Fees for professional services | 40 |
| Attendance at annual meeting | 40 |
| Pre-approval policies and procedures | 40 |
| Stockholder Proposals | 41 |
| Available Information | 41 |
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.