Audit Committee

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Allied Motion’s Audit Committee is responsible for the appointment, replacement, compensation and oversight of the work of the Company’s independent auditors. The Audit Committee also reviews the Company’s annual and quarterly reports filed with the Securities and Exchange Commission. The Audit Committee is composed of three non-employee directors. The members of the Audit Committee are independent as defined in the listing standards of the Nasdaq Capital Market Market. Representatives from the Company's independent auditors make presentations annually and quarterly to the Board of Directors after the completion of the year-end audit and the quarterly reviews. At that time, the entire Board has an opportunity to discuss issues with or ask questions of the auditors. The Board has adopted a written charter for the Audit Committee.