Company: PETVW
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001641172-25-018617
Chunk: 1083

Company: PetVivo Holdings, Inc.
Filing Date: 2025-07-10
Form: 10-K
Item: Item 9
Chunk 1083
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 also spearheaded in-licenses with Genesis Topical Spray and CHX chews. Mr. Eldred previously served as
Virbac’s director of Supply Chain and Customer Service, where he reduced order turnaround time from five days to one day as well
as improved customer fill rate form 70% to 98%. Earlier in his career, Mr. Eldred served as director of Asia Pacific Poultry & North
America Planning and Distribution at Fort Dodge Animal Health, a leading global manufacturer of animal health products for the livestock,
companion animal, equine, swine, and poultry industries. He also previously held senior positions at Garmin International and Sanofi
Animal Health. Since his departure from Dechra to present, Mr. Eldred has assisted companies as a strategic advisor and consultant. Mr.
Eldred holds a BA in business from the University of Northern Iowa, and an MBA from University of Missouri-Kansas City. Mr. Eldred has
seen the transformation of the animal-human bond, and it continues to make him passionate about improving our pet’s lives.

35

Family
Relationships

There
are no family relationships between executive officers or directors of the Company.

Skills
and Qualifications of the Directors

The
Board believes that the qualifications of the directors, as set forth in their biographies, which are listed above, give them the qualifications
and skills to serve as directors of the Company.

CORPORATE
GOVERNANCE

Director
Independence

Since
August 13, 2021, our common stock and warrants have been listed on the Nasdaq National Market, or Nasdaq, under the symbols “PETV”
and “PETVW,” respectively. Under Nasdaq Rule 5605 (“Nasdaq Rules”), independent directors must comprise a majority
of a listed company’s board of directors.

Our
Board of Directors has six independent members, consisting of Spencer Breithaupt, Robert Costantino, Joseph Jasper,
Diane Levitan, Robert Rudelius, and Michael Eldred, as “independence” is defined under the applicable
rules and regulations of the SEC and the listing standards of Nasdaq, and does not have a relationship with us (either directly or
as a partner, stockholder, or officer of an organization that has a relationship with us) that would interfere with their exercise
of independent judgment in carrying out their responsibilities as directors. Accordingly, a majority of our directors are
independent, as required under the applicable Nasdaq rules.

Delinquent