Company: KITTW
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001849820-25-000120
Chunk: 10

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 10
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 our Corporate Governance Guidelines require that that a majority of our directors, and that all of the members of our Audit, Compensation and Nominating and Corporate Governance Committees, are independent, using the criteria established by Nasdaq and the SEC. The Board makes a determination annually of the independence of each director. For 2025, the Board has determined that all directors other than Mr. Gibson are independent using the criteria established by Nasdaq and the SEC.

#### Meetings and Director Attendance
During 2024, the Board met 13 times, the Audit Committee met five times, the Compensation Committee met one time, and the Nominating and Corporate Governance Committee met one time. All directors attended at least 75% of the Board meetings and the meetings of committees of which they were a member. The Company does not have a formal policy requiring members of the Board to attend the Meeting, although all directors are strongly encouraged to attend.

Certain Relationships and Related Party Transactions

Nauticus generally does not engage in transactions or relationships involving a related person which would require disclosure under Item 404(a) of Regulation S-K of the rules and regulations of the SEC unless approved through the proper procedures. Any such transaction requires the approval of the Audit Committee. No director may participate in the review or voting of any transaction in which he or she is a related party. We had the following related party transactions since January 1, 2023:

SPA Warrants . As of December 31, 2024 ATW Special Situations I LLC (“ATW I”), and Material Impact Fund II, L.P. (“MIF”) held 336 and 106,194 warrants (the “SPA Warrants”), issued pursuant to that certain Securities Purchase Agreement dated December 16, 2021, as amended (the “SPA Warrants”), respectively. As of December 31, 2023, ATW I, MIF and SLS Family Irrevocable Trust (“SLS”) held 615,924, 113,378 and 40,816 SPA Warrants, respectively (see Note 12 to our consolidated financial statements set forth in our Annual Report on Form 10-K for the fiscal years ended December 31, 2024 -Warrants). On January 30, 2024 SPA Warrants held by MIF and SLS were adjusted downwards by 258,621 and 93,103, respectively (on a pre–Reverse Stock Split basis) in connection with the Second Lien Restructuring Agreements.

During the