Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 632

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 632
---
. Irfan has served as a member of our Board since July 2014. Mr. Irfan
has been Chicago-based CEO (Global Businesses) since 2013 of Cranes Software International Limited (Cranes), a group of multinational
corporations providing IT, Big-Data Analytics, Business Intelligence & Tech-Education services. Mr. Irfan previously served
as Chief Strategy Officer for Cranes; a General Counsel for Schneider Electric (a Paris-based global leader in energy management) from
2005 to 2011; a Chief Counsel for Square D (US), and practiced IP law at two international. law firms in the US. He also advises
global corporate, NGOs, NPOs and ed-institutions on M&A strategies, CSG/SRI, strategic sustainability & governance, inter-faith
bridge-building, diversity/cultural sensitivity, international collaborations, and industry-oriented management/Leadership programs. Mr. Irfan
is a graduate of DePaul University College of Law, holds a MS in Computer Engineering from the University of Illinois, and a BS in Electronics
Engineering from Bangalore University.

Mr. Irfan’s
extensive experience in advising information technology companies, managing corporate governance and regulatory management policies,
including over 30 years as a business strategist and over fifteen years of executive management leadership give him strong
qualifications and skills to serve on our Board.

Family
Relationships

There
are no family relationships between any of our directors and executive officers.

55

Our Board

Our
Board may establish the authorized number of directors from time to time by resolution. The current authorized number of directors is
five (5). In accordance with the terms of our bylaws, as amended, our Board is divided into three classes, Class I, Class II and Class
III, with members of each class serving staggered three-year terms. Upon the expiration of the term of a class of directors, directors
in that class will be eligible to be elected for a new three-year term at the annual meeting of stockholders in the year in which their
term expires. The directors are divided among the three classes as follows:

    ●
    the
    Class I directors are Scott Pomeroy and Soumya Das, and their terms will expire at our annual meeting of stockholders to be held
    in 2027;

    ●
    the
    Class II director is Kareem Irfan, and