Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 2512

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 9C
Chunk 2512
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 they meet the evolving standards of corporate governance and continue to
serve the best interests of the Company and its stockholders.

90

ITEM 11. EXECUTIVE COMPENSATION

Processes and Procedures for Compensation Decisions

Our compensation committee is
responsible for the executive compensation programs for our executive officers and reports to our Board of Directors on its discussions,
decisions and other actions. Our compensation committee reviews and approves corporate goals and objectives relating to the compensation
of our Chief Executive Officer, evaluates the performance of our Chief Executive Officer in light of those goals and objectives and determines
and approves the compensation of our Chief Executive Officer based on such evaluation. Our compensation committee has the sole authority
to determine our Chief Executive Officer’s compensation. In addition, our compensation committee, in consultation with our Chief
Executive Officer, reviews and approves all compensation for other officers, as well as the directors.

The compensation committee is
authorized to retain the services of one or more executive compensation and benefits consultants or other outside experts or advisors
as it sees fit, in connection with the establishment of our compensation programs and related policies.

The compensation committee has
full authority to form and delegate authority to one or more subcommittees consisting solely of one or more members of the compensation
committee as it deems appropriate from time to time. The compensation committee may delegate to the Chief Executive Officer or any other
executive officer the authority to grant equity awards to employees of the Company who are not directors or officers of the Company, on
such terms and subject to such limitations as the compensation committee may determine in compliance with Delaware corporate law.

Summary Compensation Table

The following table summarizes
compensation for the years ended March 31, 2025 and 2024 for our “named executive officers”, namely our (i) principal executive
officer (PEO); (ii) our two other most highly compensated executive officers whose total compensation exceeded $100,000 for the fiscal
year ended March 31, 2025; and (iii) up to two additional individuals for whom disclosure would have been provided pursuant to Item
402(m)(2)(ii) of Regulation S-K but for the fact that the individual was not serving as an executive officer of the Company at the end
of the last completed fiscal year:

    Name and Principal
                                                                                                                                                                                      Position 
    Year  
    Salary Cost  
    Option Awards (A)(B)  
    Total 

    Steven A. Lisi 
     2025  
    $555,