Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 492

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 4
Chunk 492
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board of directors. As we continue to develop our data center and commence selling colocation services, we expect to increase the size
of our board to include independent directors who will approve the compensation arrangements with our executive officers.

We
also do not have a Nominating Committee as we have not adopted any procedures by which security holders may recommend nominees to our
board of directors.

Code
of Ethics

Effective
March 28, 2022, our Board of Directors adopted an amended Code of Business Conduct and Ethics that applies to, among other persons, members
of our board of directors, our company’s officers, contractors, consultants and advisors. We will provide a copy of the Code of
Business Conduct and Ethics to any person without charge, upon request. Requests can be sent to our company at the address on the cover
of this Annual Report.

Delinquent
Section 16(a) Reports

Section
16(a) of the Exchange Act requires our executive officers, directors and persons who beneficially own more than 10% of our common
stock to file with the SEC reports of their ownership and changes in their ownership of our common stock. To our knowledge, based
solely on review of the copies of such reports and amendments to such reports with respect to the year ended December 31, 2024 filed
with the SEC, all required Section 16 reports under the Exchange Act for our directors, executive officers and beneficial owners of
greater than 10% of our common stock were filed on a timely basis during the year ended December 31, 2024, except for a late Form 4
filing for Michael Campbell. As of the date of the filing of this annual report, such Form 4 filing has been
made.

    Item
    11. 
    Executive
    Compensation.

The
following table sets forth all compensation awarded to, earned by or paid to the executive officers of our company during the years ended
December 31, 2024 and 2023. No compensation was paid to any other executive officer of our company during such periods.

18

SUMMARY
COMPENSATION TABLE

    Name and Principal Position 
    Fiscal Year  
    Salary ($)  
    Bonus ($)  
    Stock Awards ($)  
    Option/Warrant Awards(4) ($)  
    Non-Equity Incentive Plan Compensation ($)  
    Nonqualified Deferred Compensation Earnings  ($)  
    All Other Compensation ($)  
    Total ($)