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SolarMax Technology, Inc.

For the period ended Nov 10, 2025. Filed Oct 14, 2025.

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About this filing

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

SMXT$3.80+0.3%Stored close · as of Nov 6, 2026
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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 MATERIALS1
INTRODUCTION5
2025 Annual Meeting of Stockholders5
Record Date; Mailing Date5
Proposals to be Submitted at the Meeting5
Principal Offices5
Information Concerning Solicitation and Voting5
Expenses6
Revocability of proxies6
PROPOSAL 1. ELECTION OF DIRECTORS6
Directors and Executive Officers7
Committees of the Board of Directors9
Section 16(a) Beneficial Ownership Reporting Compliance10
Code of Conduct11
Board Leadership Structure12
Role of Board in Risk Oversight Process12
EXECUTIVE COMPENSATION12
Summary Compensation Table12
Employment Agreements13
Clawback Policy13
Employee Benefit Plans14
Outstanding Equity Awards14
Director Compensation15
CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS15
PROPOSAL 2. RATIFICATION OF THE APPOINTMENT OF THE COMPANY’S REGISTERED PUBLIC ACCOUNTING FIRM FOR 202517
BENEFICIAL OWNERSHIP OF PRINCIPAL STOCKHOLDERS, OFFICERS AND DIRECTORS18
OTHER INFORMATION19
Proxy Solicitation19
Proxies19
Other Business19
Legal Proceedings19
Future Stockholder Proposals20
Stockholder Communications20
Householding of Proxy Materials20
Additional Information20

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

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.