SolarMax Sets Virtual 2025 Annual Meeting for Nov. 10; Board Seeks Director, Auditor Approval

TL;DR

**SMXT's upcoming virtual annual meeting is a routine governance check, but investors should still vote FOR the board's recommendations to maintain stability and auditor oversight.**

AI Summary

SolarMax Technology, Inc. (SMXT) is holding its 2025 Annual Meeting of Stockholders on November 10, 2025, virtually at 5:00 P.M. Pacific time. The primary purposes of the meeting are the election of five director nominees, each for a one-year term expiring at the 2026 annual meeting, and the ratification of CBIZ CPAs P.C. as the company's independent registered public accounting firm for the year ending December 31, 2025. The Board of Directors unanimously recommends a 'FOR' vote for all director candidates and for the auditor ratification. As of the record date, October 6, 2025, there were 54,302,950 shares of Common Stock outstanding, with each share entitled to one vote. The company will commence mailing the Notice of Annual Meeting, Proxy Statement, and its Form 10-K Annual Report for the year ended December 31, 2024, on or about October 14, 2025. The virtual meeting format is intended to provide ready access and cost savings for stockholders and the company.

Why It Matters

This DEF 14A filing outlines SolarMax Technology's upcoming annual meeting, which is crucial for corporate governance and investor participation. The election of five directors will shape the company's strategic direction and oversight for the next year, directly impacting long-term value creation. Ratifying CBIZ CPAs P.C. as the auditor ensures continued financial transparency and compliance, which is vital for investor confidence. In a competitive renewable energy market, strong governance and clear financial reporting are essential for SolarMax to attract capital and maintain stakeholder trust, especially as it navigates potential growth opportunities and operational challenges.

Risk Assessment

Risk Level: low — The filing primarily concerns routine corporate governance matters: the election of five directors and the ratification of the independent auditor, CBIZ CPAs P.C., for the year ending December 31, 2025. There are no indications of contentious proposals, significant changes in company strategy, or unusual financial risks presented within this DEF 14A. The Board unanimously recommends 'FOR' all proposals, suggesting a lack of internal dissent.

Analyst Insight

Investors should review the director nominees' qualifications and promptly cast their votes 'FOR' the Board's recommendations to ensure stable governance and auditor continuity. Participating in the virtual meeting on November 10, 2025, or submitting a proxy by November 9, 2025, is crucial for exercising shareholder rights.

Key Numbers

• 5 — Number of director nominees (To be elected for a one-year term)
• 2025-11-10T00:00:00.000Z — Annual Meeting Date (Virtual meeting at 5:00 P.M. Pacific time)
• 2025-10-06T00:00:00.000Z — Record Date (For stockholders entitled to vote)
• 54,302,950 — Shares of Common Stock outstanding (As of the Record Date, each entitled to one vote)
• 2025-12-31T00:00:00.000Z — Fiscal year end (For which CBIZ CPAs P.C. is appointed auditor)
• 2025-10-14T00:00:00.000Z — Mailing Date (Approximate date for proxy materials and 10-K)
• 11:59 p.m. Eastern Time — Internet/Telephone Voting Deadline (On Sunday, November 9, 2025)
• 3080 12th Street, Riverside, California 92507 — Principal Executive Offices (Company headquarters)
• (951) 300-0788 — Company Telephone Number (Contact for questions)

Key Players & Entities

• SolarMax Technology, Inc. (company) — Registrant
• CBIZ CPAs P.C. (company) — Independent registered public accounting firm for 2025
• David Hsu (person) — Chief Executive Officer and proxy representative
• Stephen Brown (person) — Chief Financial Officer and proxy representative
• Securities and Exchange Commission (regulator) — Governing body for filings
• Continental Stock Transfer and Trust Company (company) — Transfer agent
• Nevada (regulator) — State of incorporation
• Broadridge (company) — Provider of Internet voting options

FAQ

Industry Context

SolarMax Technology operates within the solar energy sector, a rapidly evolving industry driven by global demand for renewable energy and government incentives. The competitive landscape includes established global players and emerging domestic companies, all vying for market share in solar panel manufacturing, installation, and related services. Key industry trends include technological advancements in panel efficiency, energy storage solutions, and grid integration.

Regulatory Implications

As a publicly traded company, SolarMax Technology is subject to SEC regulations governing proxy solicitations and annual meetings, ensuring transparency and fair voting processes. Compliance with financial reporting standards and disclosure requirements is critical. Changes in energy policy or environmental regulations at federal, state, or local levels could also impact the company's operations and market opportunities.

What Investors Should Do

1. Review the proxy statement and Form 10-K for detailed information on director nominees, auditor ratification, and the company's financial performance for the year ended December 31, 2024.
2. Vote FOR the election of the five director nominees to ensure continuity and experienced leadership on the Board of Directors.
3. Vote FOR the ratification of CBIZ CPAs P.C. as the independent registered public accounting firm to maintain audit integrity and financial oversight.
4. Participate in the virtual annual meeting on November 10, 2025, to exercise voting rights and stay informed about company matters.
5. Ensure votes are submitted by the deadline of 11:59 p.m. Eastern Time on November 9, 2025, via internet or telephone.

Key Dates

• 2025-11-10: 2025 Annual Meeting of Stockholders — Key decisions on director elections and auditor ratification will be made.
• 2025-10-06: Record Date — Determines which stockholders are eligible to vote at the annual meeting.
• 2025-10-14: Mailing Date for Proxy Materials and 10-K — Provides stockholders with essential information for the annual meeting and review of the prior fiscal year.
• 2025-11-09: Internet/Telephone Voting Deadline — Last opportunity for stockholders to cast their votes before the meeting.

Glossary

DEF 14A

A proxy statement filing required by the U.S. Securities and Exchange Commission (SEC) for annual meetings of stockholders. (This document contains the information presented in this analysis, detailing the agenda and proposals for SolarMax Technology's annual meeting.)

Common Stock

A class of stock that represents ownership in a corporation and entitles the owner to voting rights. (The outstanding shares of common stock, as of the record date, determine the voting power at the annual meeting.)

Director Nominees

Individuals proposed by the company's board of directors to be elected as members of the board. (Stockholders will vote on the election of these five nominees to serve on SolarMax Technology's board.)

Independent Registered Public Accounting Firm

An external audit firm that meets specific independence requirements set by regulatory bodies, responsible for auditing a company's financial statements. (Stockholders are asked to ratify the appointment of CBIZ CPAs P.C. as the auditor for the fiscal year ending December 31, 2025.)

Year-Over-Year Comparison

This filing is a proxy statement for the 2025 Annual Meeting, focusing on upcoming proposals rather than a comparative financial review. Information regarding revenue growth, margin changes, or new risks from the previous year's filing (likely a 2024 DEF 14A or 10-K) would be found in the Form 10-K for the year ended December 31, 2024, which is being mailed concurrently with this proxy statement.

Key Financial Figures

• $0.001 — d shares of our common stock, par value $0.001 per share (the " Common Stock " and suc

Filing Documents

• solarmax_def14a.htm (DEF 14A) — 345KB
• solarmax_def14aimg1.jpg (GRAPHIC) — 1KB
• solarmax_def14aimg2.jpg (GRAPHIC) — 1KB
• solarmax_def14aimg6.jpg (GRAPHIC) — 2KB
• solarmax_def14aimg8.jpg (GRAPHIC) — 1KB
• 0001640334-25-001818.txt ( ) — 354KB

EXECUTIVE COMPENSATION

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

Legal Proceedings 19 Future Stockholder Proposals 20 Stockholder Communications 20 Householding of Proxy Materials 20 Additional Information 20 iii Table of Contents SOLARMAX TECHNOLOGY, INC. 3080 12th Street Riverside, California 92507 PROXY STATEMENT Annual Meeting of Stockholders to be held via live webcast on Monday, November 10, 2025 at 5:00 P.M., Pacific Time QUESTIONS AND ANSWERS ABOUT THESE PROXY MATERIALS Why am I receiving this Proxy Statement? This Proxy Statement describes the proposals on which our Board of Directors (the " Board ") would like you, as a stockholder, to vote on at our 2025 Annual Meeting of the Stockholders (the " Meeting "), which will take place on Monday, November 10, 2025, at 5:00 P.M. Pacific time via live webcast. This Proxy Statement also gives you information on these proposals so that you can make an informed decision. We intend to mail this Proxy Statement and accompanying proxy card on or about October 14, 2025, to all stockholders of record entitled to vote at the Meeting. In this Proxy Statement, we refer to SolarMax Technology, Inc. as the "Company," "we," "us" or "our" or similar terminology. Who can vote at the Meeting? Stockholders who owned shares of our common stock, par value $0.001 per share (the " Common Stock " and such shares of held on the Record Date, the " Voting Stock ") on October 6, 2025 (the " Record Date ") may attend and vote at the Meeting. Each share of Common Stock is entitled to one vote. There were 54,302,950 shares of Common Stock outstanding on the Record Date. All shares of Voting Stock vote together as a single class. Shares of the Voting Stock represented by executed proxies received by the Company will be counted for purposes of establishing a quorum at the Meeting, regardless of how or whether such shares are voted on any specific proposal. Information about the stockholdings of our directors and executive officers is contained in the section of this Proxy

View Full Filing

View this DEF 14A filing on SEC EDGAR