Company: PFSA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004396
Chunk: 1221

Company: Profusa, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 1221
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-control procedures and (ii) any material issues raised by the most recent internal quality-control
review, or peer review, of the audit firm, or by any inquiry or investigation by governmental or professional authorities, within, the
preceding five years respecting one or more independent audits carried out by the firm and any steps taken to deal with such issues;

●reviewing
and approving any related party transaction required to be disclosed pursuant to Item 404 of Regulation S-K promulgated by the SEC prior
to us entering into such transaction; and

●reviewing
with management, the independent registered accounting firm, and our legal advisors, as appropriate, any legal, regulatory or compliance
matters, including any correspondence with regulators or government agencies and any employee complaints or published reports that raise
material issues regarding our financial statements or accounting policies and any significant changes in accounting standards or rules
promulgated by the Financial Accounting Standards Board, the SEC or other regulatory authorities.

Compensation Committee

The members of our Compensation
Committee are Mr. Johnson, Dr. Chung, and Mr. O’Rourke. Mr. Johnson serves as chair of the compensation committee. Under the Nasdaq
listing standards and applicable SEC rules, we are required to have at least two members on the compensation committee, all of whom must
be independent.

We have adopted a compensation
committee charter, which details the principal functions of the compensation committee, including:

●reviewing
and approving on an annual basis the corporate goals and objectives relevant to our Chief Executive Officer’s compensation, evaluating
our Chief Executive Officer’s performance in light of such goals and objectives and determining and approving the remuneration
(if any) of our Chief Executive Officer’s based on such evaluation;

●reviewing
and approving the compensation of all of our other executive officers;

●reviewing
our executive compensation policies and plans;

●implementing
and administering our incentive compensation equity-based remuneration plans;

●assisting
management in complying with our proxy statement and annual report disclosure requirements;

●approving
all special perquisites, special cash payments and other special compensation and benefit arrangements for our executive officers and
employees;

●producing
a report on executive compensation to be included in our annual proxy statement; and

●reviewing,
evaluating and recommending changes, if appropriate, to the remuneration for directors.

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The charter also provides
that the compensation committee may, in its sole discretion, retain or obtain the advice of a compensation consultant, legal counsel or