Company: TGNT
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001477932-25-002496
Chunk: 625

Company: Totaligent, Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 8
Chunk 625
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Family Relationships

Not applicable.

Board Committees

Audit Committee

We do not have a separately designated audit committee of the board. Audit committee functions are performed by our board of directors. None of our directors are deemed independent. Two directors also hold positions as our officers. Our Board of Directors is responsible for: (1) selection and oversight of our independent accountant; (2) establishing procedures for the receipt, retention and treatment of complaints regarding accounting, internal controls and auditing matters; (3) establishing procedures for the confidential, anonymous submission by our employees of concerns regarding accounting and auditing matters; (4) engaging outside advisors; and, (5) funding for the outside auditory and any outside advisors’ engagement by the audit committee.

Nominees

There have been no material changes to the procedures by which security holders may recommend nominees to the Registrant's board.

Section 16(a) Beneficial Ownership Reporting Compliance

Not applicable because the Company is not a reporting issuer under the Exchange Act of 1934, as amended

Code of Ethics

We have not adopted a corporate code of ethics as of the date of this filing.

 37Table of Contents

Item 11. Executive Compensation.

For the years ended December 31, 2024 and 2023, all officers and directors were compensated as independent contractors based upon respective consulting agreements as noted in Table below.

The following table shows information regarding the compensation earned for the years ended December 31, 2024 and 2023 by our named executive officers:

EXECUTIVE COMPENSATION TABLE

Executive Year Salary($)  Bonus($)  Stock Awards ($)  Option Awards ($) (1)  Non-Equity Incentive Plan Compensation ($)  Non-Qualified Deferred Compensation Earnings ($)  All Other Compensation ($)  Total($)                            Edward C. DeFeudis (1) 2024 $180,000   -   -   -   -   -   -  $180,000   2023 $180,000   -   -   -   -   -   -  $180,000 

 (1)The majority of this salary has been accruing, and can be can be exchanged for the issuance of common shares at a price of the lessor of a 30% discount to the 10-day volume weighted average price (VWAP) of the