Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 380

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 380
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 directors of PennyMac (NYSE: PFSI, 2020 to present), and on the Audit Committee and Nominating & Governance Committee, and AccuWeather (a private company, 2018 to present) and Chair of the Marketing Committee. She previously served on the board of directors of Bully Pulpit Interactive (a private, private equity -backedcompany, 2017 to 2022). Ms. Shalett received a B.A., summa cum laude, in East Asian Studies from Harvard University and an M.B.A. from Harvard Business School. 235 Number and Terms of Office of Officers and Directors Emerald has six directors. The board of directors is divided into two classes with only one class of directors being elected in each year and each class serving a two -yearterm. Emerald officers are appointed by the board of directors and shall hold office until their successors are duly elected and qualified by the board of directors or until their earlier death, resignation, retirement, disqualification, or removal from office. Any officer may be removed, with or without cause, at any time by the board of directors. The board of directors is authorized to appoint persons to the offices set forth in the bylaws as it deems appropriate. The bylaws provide that Emerald officers may consist of a Chairman of the Board, Chief Executive Officer, Chief Financial Officer, President, Vice Presidents, Secretary, Treasurer, Assistant Secretaries and such other offices as may be determined by the board of directors. Director Independence Nasdaq listing standards require that a majority of the board of directors of a company listed on Nasdaq must be composed of “independent directors,” which is defined generally as a person other than an officer or employee of the company or its subsidiaries or any other individual having a relationship, which, in the opinion of the company’s board of directors, would interfere with the director’s exercise of independent judgment in carrying out the responsibilities of a director. We have determined that Tensie Whelan, Andrew Hohns, Therese Rein and Lisa Shalett are independent directors under the Nasdaq listing standards and Rule 10A -3of the Exchange Act. Executive Officer and Director Compensation None of Emerald’s officers or directors have received any compensation for services rendered to Emerald. Until the earlier of consummation of Emerald’s initial business combination and our liquidation, it will pay the Sponsor or its designee a total of $30,000 per month for office space, administrative and shared personnel support services. The Sponsor has allocated 20,