On May 3, 2022, Nocopi Technologies, Inc. filed a preliminary proxy statement soliciting proxies and urged the shareholders to vote against a shareholder proposal, urging the Board of Directors to take all necessary steps (other than any steps that must be taken by stockholders) to eliminate the classification of the Board of Directors and to require that all directors be elected on an annual basis, submitted by Eriksen Capital Management LLC at the Company's annual shareholders meeting scheduled to be held on June 16, 2022.