Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 252

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 252
---
 with a diverse range of perspectives
and judgment necessary to facilitate the Company’s goals of stockholder value appreciation through organic and acquisition growth.

Board
Structure, Number and Terms of Office of Officers and Directors

Our
board of directors consists of five Directors. In accordance with our Certificate of Incorporation, the minimum number of directors we
may have is five and maximum number of Directors is eleven. The number of Directors may be increased or decreased by our board of directors
from time to time. In accordance with our Bylaws and Delaware law, our board of directors will oversee the management of the business
and affairs of the Company. Our Directors will be elected by our stockholders at our annual stockholders meeting for three-year terms
and to serve until their successors are duly elected and qualified or until their earlier death, resignation, or removal. Stockholders
will not be entitled to cumulative voting in the election of our directors. Our board of directors is classified, meaning the directors are divided into three classes
each consisting of as close to 1/3 of the total Directors as possible.

Our
directors are divided among the three classes as follows:

    ●
    the
    Class I director is Paul Vassilakos, and his term expires at the 2026 annual meeting of stockholders;

    ●
    the
    Class II directors are Frank Jennings and Kevin O’Donnell, and their terms will expire at 2027 annual meeting; and

    ●
    the
                                                         Class III directors are Louis Foreman and Mary Ann Halford, and their terms will expire at the 2025 annual meeting of
                                                         stockholders.

At
each annual meeting of the stockholders, one class of Directors will be up for election. Directors will serve three-year terms.

45

Director
Independence

Nasdaq
listing standards require that a majority of the Company’s board of directors be independent. An “independent director”
is defined generally as a person other than an officer or employee of the Company or its subsidiaries or any other individual having
a relationship that, in the opinion of the Company’s board of directors, would interfere with the director’s exercise of
independent judgment in carrying out the responsibilities of a director. The board of directors has determined that Frank Jennings, Louis Foreman, and Mary Ann
Halford qualify as independent directors in accordance with the Nasdaq listing rules.

Board
Leadership Structure

Our
board of directors is not expected to have a formal policy regarding the combination