Company: SMNR
Filing Date: 2025-03-20
Form Type: PRE 14A
Source: 0001213900-25-025610
Chunk: 53

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-03-20
Form: PRE 14A
Chunk 53
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 equipment at Thomas Weisel Partners, where he was responsible for publishing research and maintaining financial models on each of the companies under coverage. Mr. Vassily began his career on Wall Street in 1998 as a Research Associate covering the semiconductor industry at Lehman Brothers. Mr. Vassily earned a B.A. degree from Denison University and an MBA from Dartmouth College, Tuck School of Business. Number and Terms of Office of Officers and Directors Our board of directors consists of four members. Pursuant to provisions of our amended and restated memorandum and articles of association, prior to consummation of an initial business combination, holders of our Class B ordinary shares have the right to appoint all of our directors, while holders of our public shares do not have the right to vote on the appointment of directors. These provisions of our amended and restated memorandum and articles of association 31 may only be amended if approved by holders of at least 90% of the issued and outstanding ordinary shares (which shall include a simple majority of the holders of our Class B ordinary shares) entitled to vote thereon. Each of our directors hold office for a two -yearterm. Subject to any other special rights applicable to the shareholders, any vacancies on our board of directors may be filled by the affirmative vote of a majority of the remaining directors of our board of directors or by a majority of the holders of our ordinary shares (or, prior to an initial business combination, a majority of the holders of our Class B ordinary shares). Our officers are appointed by the board of directors and serve at the discretion of the board of directors, rather than for specific terms of office. Our board of directors is authorized to appoint persons to the offices set forth in our amended and restated memorandum and articles of association as it deems appropriate. Committees of the Board of Directors Our board of directors has one standing committee: an audit committee. Subject to phase -inrules and a limited exception, the rules of Nasdaq and Rule 10A -3of the Exchange Act require that the audit committee of a listed company be comprised solely of independent directors. Audit Committee Huifeng Chang, Jim Mao and Kevin D. Vassily serve as members of our audit committee. Our board of directors has determined that each of Huifeng Chang, Jim Mao and Kevin D. Vassily are independent under the Nasdaq listing standards and applicable SEC rules. Kevin Vassily serves as the Chair of the audit committee. Under the Nasdaq listing standards and applicable SEC rules, we