Company: PMVC
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003340
Chunk: 194

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1B
Chunk 194
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 as required by law;

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    reviewing and approving all related-party transactions;

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    inquiring and discussing with management our compliance with applicable laws and regulations;

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    pre-approving all audit services and permitted non-audit services to be performed by our independent auditor, including the fees and terms of the services to be performed;

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    appointing or replacing the independent auditor;

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    determining the compensation and oversight of the work of the independent auditor (including resolution of disagreements between management and the independent auditor regarding financial reporting) for the purpose of preparing or issuing an audit report or related work; and

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    establishing procedures for the receipt, retention and treatment of complaints received by us regarding accounting, internal accounting controls or reports which raise material issues regarding our financial statements or accounting policies.

During the fiscal year ended December 31, 2024,
our audit committee held four meetings. Each of our audit committee members attended such meeting.

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Financial Experts on Audit Committee

The board of directors has determined that Susan
V. Watson qualifies as an “audit committee financial expert,” as defined under rules and regulations of the SEC.

Nominating Committee

Effective September 21, 2020, we established a
nominating 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 nominating committee is responsible for overseeing the selection of persons to be nominated to serve on our board of directors.
The nominating committee considers persons identified by its members, management, stockholders, investment bankers and others.

During the fiscal year ended December 31, 2024,
our nominating committee did not hold any meetings.

Guidelines for Selecting Director Nominees 

The guidelines for selecting nominees, which are
specified in the Nominating Committee Charter, generally provide for the assessment of the following criteria:

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    Whether the candidate is independent.

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    Whether the candidate is accomplished in his or her field and has a reputation, both personal and professional, that is consistent with the image and reputation of the Company.

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    Whether the candidate is financially literate, i.e. has the ability to read and understand basic financial statements. The Nominating Committee also will determine if a candidate has accounting or related financial management expertise and/or satisfies the criteria for being an “audit committee financial expert,” as defined by the Securities and Exchange Commission.

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