Company: BSAI
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001096906-25-000357
Chunk: 144

Company: BLUSKY AI INC.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 11
Chunk 144
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Our Board of Directors has not established a separate compensation committee. Instead, the Board of Directors reviews and approves executive compensation policies and practices, reviews salaries and bonuses for our officer(s), decides on benefit plans, and considers other matters as may, from time to time, be referred to it. We do not currently have a Compensation Committee Charter. Our Board continues to emphasize the important link between our performance, which ultimately benefits all shareholders, and the compensation of our executives. Therefore, the primary goal of our executive compensation policy is to closely align the interests of the shareholders with the interests of the executive officer(s). In order to achieve this goal, we attempt to (i) offer compensation opportunities that attract and retain executives whose abilities and skills are critical to our long-term success and reward them for their efforts in ensuring our success and (ii) encourage executives to manage from the perspective of owners with an equity stake in us.

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Compensation Table for Executives

Name and Principal Position Year  Salary  Bonus  Stock Awards  Option Awards  Non-equity Incentive Plan Compensation  Non-qualified Deferred Compensation Earnings  All Other Compensation  Total        ($)   ($)   ($)   ($)   ($)   ($)   ($)   ($) Trent D’Ambrosio, Chief Executive Officer, Chief Financial Officer,  2024   300,000   -   -   -   -   -   -    300,000  President, Secretary, and Director  2023   300,000   -   -   -   -   -   -    300,000                                       Whit Cluff,  2024   -   -   -   -   -   -   -    -  Director  2023   -   -   -   -   -   -   -    -  

(1)Mr. D’ambrosi’s employment agreement compensates him $300,000 per year. However, the Company didn’t pay him that full amount during the fiscal years ended December 31, 2024 and 2023. For the years ended December 31, 2024 and 2023, he was paid $0 and $175,000, respectively. The Company