Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 178

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 9
Chunk 178
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 16(a) Reports

The
were no persons who, at any time during the fiscal year ended December 31, 2024, was a director, executive officer, or beneficial owner
of more than 10% of our common stock that failed to file on a timely basis reports required by Section 16(a) of the Exchange Act during
the most recent fiscal year, except for a late filing of a Form 3 by Kaufman Kapital, a Form 4 filed by Kaufman Kapital one day late,
and a late filing of a Form 4 by each of Eric Healy, John Dalfonsi David Israel, Byron Riche Jones, and Greg Somerville.

ITEM
11. Executive Compensation

Summary
Compensation Table

The
following summary compensation table sets forth the aggregate compensation we paid or accrued during the fiscal years ended December
31, 2024 and 2023 to Eric Healy, our Chief Executive Officer, and John Dalfonsi, our Chief Financial Officer, during 2024 (together,
our “Named Executive Officers”).

    Name and 
    Fiscal  

    Option  

    Financial
    Position 
    Year  
    Salary  
    Bonus  
    Awards  
    Total 

    Eric Healy, 
     2024  
    $255,377  
    $-  
    $120,132(1) 
    $375,509 
  
    Chief Executive Officer and Chairman 
     2023  
    $222,490  
    $100,000  
    $-  
    $322,490 

    John Dalfonsi,(2) 
     2024  
    $150,000  
    $-  
    $64,356(3) 
    $214,356 
  
    Chief Financial Officer 
     2023  
    $-  
    $-  
    $-  
    $- 

(1)
On February 22, 2024, we granted Mr. Healy the option to purchase 140,000 shares of common stock at an exercise price of $1.92
per share. The estimated value using the Black-Scholes Pricing Model, based on a volatility rate of 41% and a call option value of $0.8581,
was $120,132.

(2)
John Dalfonsi, our Chief Financial Officer, was