Company: GPAC
Filing Date: 2025-10-14
Form Type: S-1
Source: 0001140361-25-038051
Chunk: 246

Company: General Purpose Acquisition Corp.
Filing Date: 2025-10-14
Form: S-1
Chunk 246
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 leadership experience, background and integrity and professionalism in evaluating a person’s candidacy for membership on the board of directors. The nominating committee may require certain skills or attributes, such as financial or accounting experience, to meet specific board needs that arise from time to time and will also consider the overall experience and makeup of its members to obtain a broad and diverse mix of board members. The nominating committee will not distinguish among nominees recommended by shareholders and other persons. Compensation Committee We will establish a compensation committee of our board of directors. The members of our compensation committee will be Alexandros Argyros, Warren Hosseinion and Jonathan Intrater. Alexandros Argyros will serve as chairman of the compensation committee. Our board of directors has determined that each of Alexandros Argyros, Warren Hosseinion and Jonathan Intrater is independent. We will adopt 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 based on such evaluation; |

| ■ | reviewing and approving the compensation of all of our other Section 16 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 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. |

The charter will provide that the compensation committee may, in its sole discretion, retain or obtain the advice of a compensation consultant, legal counsel or other adviser and will be directly responsible for the appointment, compensation and oversight of the work of any such adviser. However, before engaging or receiving advice from a compensation consultant, external legal counsel or any other adviser, the compensation committee will consider the independence of each such adviser, including the factors required by Nasdaq and the SEC.

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TABLE OF CONTENTS

Compensation Committee Interlocks and Insider Participation None of our officers currently serves, and in the past year has not served, as a member of the compensation