Company: PMVC
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003340
Chunk: 623

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 7
Chunk 623
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of qualifications relating to management and 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 does not distinguish among nominees
recommended by stockholders and other persons. There have been no material changes to the procedures by which security holders may recommend
nominees to our board of directors.

Compensation Committee

Effective September 21, 2020, we established a
compensation committee of the board of directors, which presently consists of Susan V. Watson and Daniel E. Zucchi, each of whom is an
independent director. The compensation committee’s duties, which are specified in our Compensation Committee Charter, include, but
are not limited to:

    ●
    reviewing and approving on an annual basis the corporate goals and objectives relevant to our co-chief executive officers’ compensation, evaluating our co-chief executive officers’ performance in light of such goals and objectives and determining and approving the remuneration (if any) of our co-chief executive officers based on such evaluation;

    ●
    reviewing and approving the compensation of all of our other Section 16 executive 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 executive 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.

Notwithstanding the foregoing, as indicated below,
other than the $10,000 per month administrative fee, no compensation of any kind, including finders, consulting or other similar fees,
will be paid to any of our existing stockholders, including our directors, or any of their respective affiliates, prior to, or for any
services they render in order to effectuate, the consummation of a transaction. Accordingly, it is likely that prior to the consummation
of a transaction, the compensation committee