Company: IWSH
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001214659-25-004885
Chunk: 320

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 7A
Chunk 320
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 after
December 20, 2017. As a consequence, any equity compensation awards issued after that time will be on terms determined by the Board of
Directors or the Compensation Committee of the Board of Directors and pursuant to exemptions from the registration requirements of the
securities laws.

As of December 31, 2024 and 2023, all options
were vested and there were no outstanding options under the 2007 NPDC Plan. There were no grants, forfeitures or exercises of options
during the years ended December 31,2024 and 2023.

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WRIGHT INVESTORS’ SERVICE HOLDINGS, INC.

Notes to Consolidated Financial Statements

December 31, 2024

    8.
    Commitments, Contingencies, and Other

The Company has interests in land and certain flowage rights in undeveloped
property (the “properties”) primarily located in Killingly, Connecticut. The properties were fully impaired as of December
31, 2018.

In September 2014, the Connecticut Department
of Energy and Environmental Protection (“DEEP”) issued two Consent Orders requiring the investigation and repair of two
dams, Acme Pond Dam and Killingly Pond Dam, in which the Company and its subsidiaries have certain ownership interests. Both matters have
been fully resolved. In February 2020 and May 2020, DEEP issued to the Company Certificates of Compliance for the Consent Orders relating
to Acme Pond Dam and Killingly Pond Dam, respectively. 

     22 

Item 9. Changes in and Disagreements with Accountants on
Accounting and Financial Disclosure.

None.

Item 9A. Controls and Procedures.

(a) Evaluation of Disclosure Controls and Procedures

We carried out an evaluation, under the supervision
and with the participation of our management including our Chief Executive Officer and our Acting Chief Financial Officer, of the effectiveness
of the design and operation of our disclosure controls and procedures pursuant to Rule 13a-15(e) of the Securities Exchange Act of 1934,
as amended.  Based on that evaluation, our Chief Executive Officer and Acting Chief Financial Officer concluded that our disclosure
controls and procedures as of December 31, 2024 were effective. 

(b) Management’s Annual Report on Internal
Control over Financial Reporting

Our management is responsible for establishing
and maintaining adequate internal control over financial reporting as defined in Exchange Act Rule 13a-15(f).  Our