Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 197

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 197
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holders who intend to solicit proxies in support of director
nominees other than our nominees must comply with the additional requirements of Rule 14a-19 under the Exchange Act (the “universal
proxy rules”). The requirements under the universal proxy rules are in addition to the applicable procedural requirements under
our Bylaws described above.

Retention
of Stockholder Communications. Any stockholder communications which are not circulated to the Chairman of the Governance Committee because
they do not meet the applicable requirements or criteria described above will be retained by the Secretary for at least ninety calendar days
from the date on which they are received, so that these communications may be reviewed by the directors generally if such information
relates to the Board as a whole, or by any individual to whom the communication was addressed, should any director elect to do so.

Distribution
of Stockholder Communications. Except as otherwise required by law or upon the request of a non-employee director, the Chairman of the
Governance Committee will determine when and whether a stockholder communication should be circulated among one or more members of the
Board and/or Company management.

Director
Qualifications and Diversity

The
Board seeks independent directors who represent a diversity of backgrounds and experiences that will enhance the quality of the Board’s
deliberations and decisions. The Board is particularly interested in maintaining a mix that includes individuals who are active or retired
executive officers and senior executives, particularly those with experience in technology; research and development; finance, accounting
and banking; or marketing and sales.

There
is no difference in the manner in which the Governance Committee evaluates nominees for directors based on whether the nominee is recommended
by a stockholder. In evaluating nominations to the Board, the Governance Committee also looks for depth and breadth of experience within
the Company’s industry and otherwise, outside time commitments, special areas of expertise, accounting and finance knowledge, business
judgment, leadership ability, experience in developing and assessing business strategies, corporate governance expertise, and for incumbent
members of the Board, the past performance of the incumbent director. Each of the candidates nominated for election to our Board at our
last annual meeting of stockholders was recommended by the Governance Committee.

58

Code of
Business Conduct and Ethics

The
Board has adopted a code of business conduct and ethics (the “Code”) designed, in part, to deter wrongdoing and to promote
honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional
relationships, full, fair, accurate