Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 1533

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 9B
Chunk 1533
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 the Company, and for certain customary covenants regarding confidentiality.

Outstanding
Equity Awards at Fiscal Year-End

None.

Retirement
Benefits

The
Company expects to maintain a tax-qualified defined contribution plan that meets the requirements of Section 401(k) of the Internal Revenue
Code (the “Code”), commonly called a 401(k) plan, for substantially all of its employees. The 401(k) plan will be made available
on the same basis to all employees, including the named executive officers. Each participant in the 401(k) plan will be able to elect
to defer from 0% to 100% of compensation, subject to limitations under the Code and Employee Retirement Income Security Act.

Director
Compensation

The
Company’s board of directors’ compensation program is expected to be designed to provide competitive compensation necessary
to attract and retain high quality non-employee directors and to encourage ownership of Company stock to further align their interests
with those of our stockholders.

The
director annual compensation program is expected to provide the following compensation for independent, non-employee directors following
the Business Combination:

    ●
    A
    quarterly retainer (the “Quarterly Retainer”) of $25,000, and 25,000 shares of the Company common stock, a supplemental
    5,000 shares of the Company common stock as an annual retainer for each of the Audit Committee Chair, the Compensation Committee
    Chair, and the Nominating and Governance Committee Chair; and

    ●
    Additional
    compensation for ad hoc services on a case-by-case basis.

55

The
following table presents summary information regarding the director compensation for each non-employee member of our board of directors
for the years ended December 31, 2024.

    Name 
    Year 
    Fees Earned or Paid in Cash ($)  
    Stock Awards ($)  
    Option Awards  ($)  
    Non-Equity Incentive Plan Compensation ($)  
    Nonqualified Deferred Compensation Earnings ($)  
    All Other Compensation ($)  
    Total ($) 

    Brian McFadden (1) 
    2024 
    $-  
    $-  
     -  
     -  
     -  
     -  
     - 

    Kevin O’Donnell (2) 
    2024 
    $40,000  
    $-  
     -