Company: PMVC
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003340
Chunk: 845

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 9A
Chunk 845
---
 2020, we adopted a code
of ethics that applies to all of our executive officers, directors, and employees. The code of ethics codifies the business and ethical
principles that govern all aspects of our business. We will provide, without charge, upon request, copies of our code of ethics. Requests
for copies of our code of ethics should be sent in writing to our executive office.

ITEM 11. EXECUTIVE COMPENSATION

Executive Compensation

No executive officer has received any cash compensation
for services rendered to us. PMV Consumer Delaware Management Partners LLC, an affiliate of our Sponsor, is due an aggregate fee of $10,000
per month for providing us with office space and certain office and secretarial services. However, this arrangement is solely for our
benefit and is not intended to provide our officers or directors compensation in lieu of a salary.

Other than the $10,000 per month administrative
fee, the payment of consulting, success or finder fees to our Sponsor, officers, directors, initial stockholders or their affiliates in
connection with the consummation of a transaction and the repayment of loans that may be made by our Sponsor to us, no compensation or
fees of any kind, including finder’s, consulting fees and other similar fees, will be paid to our Sponsor, initial stockholders,
special advisors, members of our management team or their respective affiliates, for services rendered prior to or in connection with
the consummation of a transaction (regardless of the type of transaction that it is). However, they will receive reimbursement for any
out-of-pocket expenses incurred by them in connection with activities on our behalf, such as identifying potential business opportunities,
performing business due diligence on suitable business opportunities and transactions as well as traveling to and from the offices, plants
or similar locations related to prospective business opportunities to examine their operations. There is no limit on the amount of out-of-pocket expenses
reimbursable by us.

After the completion of a transaction, members
of our management team who remain with us may be paid consulting, management or other fees from the company with any and all amounts being
fully disclosed to stockholders, to the extent then known, in the proxy solicitation materials furnished to our stockholders. However,
the amount of such compensation may not be known at the time of the stockholder meeting, if any, held to consider a transaction, as it
will be up to the directors of the post-combination business