Company: SONM
Filing Date: 2025-05-23
Form Type: PREC14A
Source: 0001641172-25-012277
Chunk: 29

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-05-23
Form: PREC14A
Chunk 29
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 standing committees. We have a standing Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee, each of which operates under a written charter. In 2025, our Board has also established a Special Committee consisting of three independent members of the Board to review strategic alternatives for the Company.

In addition, from time to time, special committees may be established under the direction of our Board when the Board deems it necessary or advisable to address specific issues.

Board, committees, and stockholders meetings

During the fiscal year ended December 31, 2024:

| ● | our                                                                                 
 Board held eight (8) meetings (including regularly scheduled and special meetings); |
| ● | our                                                                                 
 Audit Committee held seven (7) meetings;                                            |
| ● | our                                                                                 
 Compensation Committee held two (2) meetings; and                                   |
| ● | our                                                                                 
 Nominating and Corporate Governance Committee held zero (0) meetings.               |

Each of our incumbent directors attended at least 75% of the aggregate of (i) the total number of meetings of our Board held during the period for which he or she served as a director and (ii) the total number of meetings held by all committees of our Board on which he or she served during the periods that he or she served during the fiscal year ended December 31, 2024.

Although we do not have a formal policy regarding the attendance of our annual meetings of stockholders by the members of our Board, we encourage them to do so. Four (4) of our five (5) current directors attended our 2024 annual meeting of stockholders.

Audit Committee

Our Audit Committee consists of James Cassano, Mike Mulica, and Jack Steenstra, with Mr. Cassano serving as Chairman. Following the Annual Meeting (and assuming all director nominees are elected) our Audit Committee will consist of James Cassano, Mike Mulica, and Jack Steenstra, with Mr. Cassano serving as Chairman. Our Board has determined that each Audit Committee member is “independent,” as defined under the applicable Nasdaq listing rules and the applicable requirements of Rule 10A-3 of the Exchange Act. Our Board has further determined that each of the members of the Audit Committee satisfies the financial literacy and sophistication requirements of the Nasdaq listing rules and that each of Mr. Cassano and Mr. Mulica qualifies as an “audit committee financial expert,” as that term is defined under SEC rules.

The Audit Committee’s responsibilities include, among other things: