Company: LANDO
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001193125-25-059811
Chunk: 18

Company: GLADSTONE LAND Corp
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 18
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 met five times during the last fiscal year. Each then-current Board member attended 75% or more of the meetings of the Board and of the committees on which he or she served that were held during the period for which he or she was a director or committee member. As required under applicable Nasdaq listing standards, which require regularly scheduled meetings of independent directors, in fiscal year 2024, our independent directors met four times in regularly scheduled executive sessions at which only independent directors were present. Corporate Leadership Structure Since our inception, Mr. Gladstone has served as chairman of our Board, our chief executive officer and president. The Board believes that our chief executive officer is best situated to serve as chairman because he is the director most familiar with our business and industry and most capable of effectively identifying strategic priorities and leading the discussion and execution of strategy. In addition, Mr. Wilkinson, one of our independent directors, serves as the Lead Director for all meetings of our independent directors held in executive session. The Lead Director has the responsibility of presiding at all executive sessions of the Board, consulting with the chairman and chief executive officer on Board and committee meeting agendas, acting as a liaison between management and the independent directors and facilitating teamwork and communication between the independent directors and management. 13

The Board believes the combined role of chairman, chief executive officer and president, together with having an independent Lead Director, is in the best interests of us and our stockholders because it provides the appropriate balance between strategic development and independent oversight of management. Our Board has six committees: an Audit Committee, a Compensation Committee, an Executive Committee, an Offering Committee, an Ethics, Nominating and Corporate Governance Committee (the “Ethics Committee”) and a Valuation Committee. The following table shows the current composition of each of the committees of the Board and the number of meetings held by each committee during the last fiscal year:

| Name                       |     | Audit |    |     | Compensation |    |     | Executive |    |     | Offering |    |     | Ethics |    |     | Valuation |   |   |
| Michela A. English         |     |       |  X |     |              |    |     |           |    |     |          |    |     |        |    |     |           |   |   |
| David Gladstone            |     |       |    |     |              |    |     |           | *X |     |          | *X |     |        |    |     |           |