Company: MITQ
Filing Date: 2025-09-29
Form Type: 10-K/A
Source: 0001437749-25-029978
Chunk: 62

Company: MOVING iMAGE TECHNOLOGIES INC.
Filing Date: 2025-09-29
Form: 10-K/A
Chunk 62
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 or equity-related awards, referred to as “other stock-based awards,” other than options, SARs, restricted shares, restricted Units, or performance awards. The terms and conditions of each other stock-based award will be determined by the Plan administrator. Payment under any other stock-based awards will be made in Common Stock or cash, as determined by the Plan administrator.

Cash-Based Awards. The Plan administrator may grant cash-based incentive compensation awards, which would include performance-based annual cash incentive compensation to be paid to covered employees subject to Section 162(m) of the Code. The terms and conditions of each cash-based award will be determined by the Plan administrator.

<div align='center'>Compensation of Directors</div>

Our board of directors believes that a significant portion of the total compensation package for our non-employee directors should be equity-based to align the interests of these directors with our stockholders. Directors who are also our employees do not receive any additional compensation for their service on our board of directors.

The following table sets forth all compensation paid to or earned by each non-employee director of the Company during the fiscal year ended June 30, 2025.

| Name                         |     | Fees    
 Earned  
 or Paid 
 in Cash 
 ($)     |       |     | Option    
 Awards    
 ($)(1)(2) |   |     | Stock  
 Awards 
 ($)(3) |        |     | Total 
 ($)   |        |
|:-----------------------------|:----|:--------|------:|:----|:----------|:--|:----|:-------|-------:|:----|:------|-------:|
| Katherine D. Crothall, Ph.D. |     | $       | 1,800 |     | $         | — |     | $      |  6,000 |     | $     |  7,800 |
| John C. Stiska               |     | $       | 7,887 |     | $         | — |     | $      |  4,800 |     | $     | 12,687 |
| Scott Anderson               |     | $       | 1,800 |     | $         | — |     | $      | 12,000 |     | $     | 13,800 |

| (1) | The amounts disclosed above reflect the full grant date fair values in accordance with FASB ASC Topic 718. See “Note 1 - Business Activity And Summary Of Significant Accounting Policies