SolarMax Technology, Inc.
For the period ended Nov 10, 2025. Filed Oct 14, 2025.
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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.
Nov 10, 2025 · Filed Oct 14, 2025
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DEF 14A 1 solarmax_def14a.htm DEF 14A
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
(Rule 14a-101)
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 Commission Only (as permitted by Rule 14a-6(e)(2))
☒ Definitive Proxy Statement
☐ Definitive Additional Materials
☐ Soliciting Material Pursuant to §240.14a-12
SOLARMAX TECHNOLOGY, INC.
(Name of Registrant as Specified in its Charter)
N/A
(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 below per Exchange Act Rules 14a-6(i)(1) and 0-11. |
|---|
NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
November 10, 2025
NOTICE IS HEREBY GIVEN that the 2025 annual meeting of stockholders of SolarMax Technology, Inc., a Nevada corporation, will be held on a virtual basis on Monday, November 10, 2025, at 5:00 P.M. Pacific time, for the following purposes:
| 1. | Election of five director nominees named in this proxy statement, each for a term of one year expiring at our 2026 annual meeting of stockholders or until their respective successors are duly elected and qualified (“Proposal 1” or the “Director Election Proposal”); |
| 2. | To ratify the appointment by the Board of Directors of CBIZ CPAs P.C. as the Company’s independent registered public accounting firm for the year ending December 31, 2025 (“Proposal 2” or the “Auditor Ratification Proposal”); and |
| 3. | To transact, in the discretion of the Company’s Board of Directors, such other business as may properly come before the Meeting or any adjournment thereof. |
The board of directors has fixed the close of business on October 6, 2025 as the record date for the determination of stockholders entitled to notice of and to vote at the annual meeting.
The meeting will be a completely virtual meeting of stockholders, which will be conducted via live webcast. You will be able to attend the meeting online, vote and submit your questions during the meeting by visiting https://www.cstproxy.com/solarmaxtech/2025. We are pleased to utilize the virtual stockholder meeting technology to provide ready access and cost savings for our stockholders and the Company. The virtual meeting format allows attendance from any location in the world.
On or about October 14, 2025, we will commence mailing to our stockholders this Notice of Annual Meeting and Proxy Statement and our Form 10-K Annual Report for the year ended December 31, 2024.
Even if you are planning on attending the Meeting online, please promptly submit your proxy vote via the Internet, by telephone or by completing, dating, signing and returning the enclosed proxy, so your shares will be represented at the Meeting. Instructions on voting your shares are on the proxy materials you received for the Meeting.
Details regarding admission to the Meeting and the business to be conducted at the meeting are more fully described in the accompanying Notice of Meeting of Stockholders and proxy statement.
We hope you will be able to attend the Meeting. Whether or not you plan to attend the Meeting, please promptly sign, date and return the enclosed proxy card or voting instruction card in the envelope provided, or submit your proxy over the Internet or by telephone (if those options are available to you) in accordance with the instructions on the enclosed proxy card or voting instruction card.
The Board unanimously recommends a vote “FOR” each of the Director candidates nominated by the Board, a vote “FOR” the ratification of the Company’s independent registered public accounting firm, and a vote “FOR” approval of such other business as may be properly be submitted at the meeting by the Board. The enclosed proxy statement contains information pertaining to the matters to be voted on at the annual meeting.
By order of the Board of Directors
David Hsu
Chief Executive Officer
Riverdale, California
October 14, 2025
ii
TABLE OF CONTENTS
| Page Number | |
|---|---|
| QUESTIONS AND ANSWERS ABOUT THESE PROXY MATERIALS | 1 |
| INTRODUCTION | 5 |
| 2025 Annual Meeting of Stockholders | 5 |
| Record Date; Mailing Date | 5 |
| Proposals to be Submitted at the Meeting | 5 |
| Principal Offices | 5 |
| Information Concerning Solicitation and Voting | 5 |
| Expenses | 6 |
| Revocability of proxies | 6 |
| PROPOSAL 1. ELECTION OF DIRECTORS | 6 |
| Directors and Executive Officers | 7 |
| Committees of the Board of Directors | 9 |
| Section 16(a) Beneficial Ownership Reporting Compliance | 10 |
| Code of Conduct | 11 |
| Board Leadership Structure | 12 |
| Role of Board in Risk Oversight Process | 12 |
| EXECUTIVE COMPENSATION | 12 |
| Summary Compensation Table | 12 |
| Employment Agreements | 13 |
| Clawback Policy | 13 |
| Employee Benefit Plans | 14 |
| Outstanding Equity Awards | 14 |
| Director Compensation | 15 |
| CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS | 15 |
| PROPOSAL 2. RATIFICATION OF THE APPOINTMENT OF THE COMPANY’S REGISTERED PUBLIC ACCOUNTING FIRM FOR 2025 | 17 |
| BENEFICIAL OWNERSHIP OF PRINCIPAL STOCKHOLDERS, OFFICERS AND DIRECTORS | 18 |
| OTHER INFORMATION | 19 |
| Proxy Solicitation | 19 |
| Proxies | 19 |
| Other Business | 19 |
| Legal Proceedings | 19 |
| Future Stockholder Proposals | 20 |
| Stockholder Communications | 20 |
| Householding of Proxy Materials | 20 |
| Additional Information | 20 |
iii
Table of Contents
PROXY STATEMENT
Annual Meeting of Stockholders
to be held via live webcast on Monday, November 10, 2025 at 5:00 P.M., Pacific Time
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.