Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 25

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 25
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 Company’s stockholders;

    ●
    oversee
    a process for an annual evaluation of the Company’s CFO and/or President; and

    ●
    develop
    and oversee a process for an annual evaluation of the Board and its committees, including a formal assessment of each individual
    director.

Our
Corporate Governance/Nominating Committee charter is available on the “About Us” subpage of our website (www.omniq.com).

Clawback
Policy

On
December 1, 2023 the Board adopted the OMNIQ Corp. Clawback Policy (the “Clawback Policy”), providing for the recovery of
certain incentive-based compensation from current and former executive officers of the Company in the event the Company is required to
restate any of its financial statements filed with the SEC under the Exchange Act in order to correct an error that is material to the
previously-issued financial statements, or that would result in a material misstatement if the error were corrected in the current period
or left uncorrected in the current period. Adoption of the Clawback Policy was mandated by new Nasdaq listing standards introduced pursuant
to Exchange Act Rule 10D-1. The Clawback Policy is in addition to Section 304 of the Sarbanes-Oxley Act of 2002 which permits the SEC
to order the disgorgement of bonuses and incentive-based compensation earned by a registrant issuer’s chief executive officer and
chief financial officer in the year following the filing of any financial statement that the issuer is required to restate because of
misconduct, and the reimbursement of those funds to the issuer. A copy of the Clawback Policy has been filed herewith and can also be
found at www.omniq.com/investor-lounge.

Involvement
in Certain Legal Proceedings

Our
directors and executive officers have not been involved in any of the following events during the past ten years:

    1.
    any
    bankruptcy petition filed by or against such person or any business of which such person was a general partner or executive officer
    either at the time of the bankruptcy or within two years prior to that time;

    2.
    any
    conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor
    offenses);

    3.
    being
    subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction,