Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 1067

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 5
Chunk 1067
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 the Exchange Act, requires our executive officers, directors and persons
who beneficially own more than 10% of a registered class of our equity securities to file with the Securities and Exchange Commission
initial reports of ownership and reports of changes in ownership of our shares of Common Stock and other equity securities. These executive
officers, directors, and greater than 10% beneficial owners are required by SEC regulation to furnish us with copies of all Section 16(a)
forms filed by such reporting persons.

Based
solely on our review of such forms furnished to us and written representations from certain reporting persons, we believe that, during
the year ended June 30, 2025, our directors, executive officers, and ten percent stockholders complied with all Section 16(a) filing
requirements, except that Mr. Jeff Jiang was late in filing a Form 4 in connection
with his resignation as a director, and Mr. John Chiang was late in filing a Form 3 in connection with his appointment as a director.

ITEM
11. EXECUTIVE COMPENSATION

We are an emerging growth company as such term is defined under the
Exchange Act. This section discusses the material elements of compensation awarded to, earned by or paid to Foxx’s principal
executive officer and other executive officers (other than our principal executive officer). Together, these officers are referred to
as our “named executive officers” or “NEOs.”

The Company has entered into
employment agreements with each of its executive officers, pursuant to which each executive officer is entitled to the following compensation
arrangement for each fiscal year. In addition to the base salary, each executive officer shall receive medical benefits, including medical,
vision, dental, and unemployment plans. In addition, each of the executive officers below is entitled to participate in the Incentive
Plan, as determined by the Board or its designee, as the administrator of the Incentive Plan. 

    Name and Principal Position 
    2024 Salary ($)  
    2025 Salary ($)  
    Bonus ($)  
    Equity Awards ($) 
    All Other Compensation ($)
  
    Greg Foley 

    Chief Executive Officer; 

    Executive Vice President of Business Development of the Operating Subsidiary 
    $275,000  
     265,833  
     N/A  
    N/A 
    N/A
  
    Haitao Cui 

    Executive Vice President; Chief Executive Officer of the Operating Subsidiary