Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 1290

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 6
Chunk 1290
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 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. The Company’s Board has determined that each of Douglas
Maine, Kanishka Roy, Gary Cohen and Alan Black is an independent director under the Nasdaq listing rules and Rule 10A-3 of the Exchange
Act. In making these determinations, the Board considered the current and prior relationships that each non-employee director had with
Veea and has with the Company and all other facts and circumstances the Board deemed relevant in determining independence, including
the beneficial ownership of our Common Stock by each non-employee director.

Classified
Board of Directors

In
accordance with our amended and restated certificate of incorporation and amended and restated bylaws, our board of directors is divided
into three classes with staggered, three-year terms. At each annual meeting of stockholders, the successors to directors whose terms
then expire will be elected to serve from the time of election and qualification until the third annual meeting following election. Our
directors are divided among the three classes as follows:

    ●
    the Class I directors are Gary Cohen and Michael Salmasi, and their terms will expire at our annual meeting of stockholders in 2027

●the
                                            Class II directors are Douglas Maine, Helder Antunes, and Alan Black, and their term will
                                            expire at our annual meeting of stockholders in 2025, and

●the
                                            Class III directors are Allen Salmasi and Kanishka Roy, and their terms will expire at the
                                            annual meeting of stockholders in 2026.

Our
amended and restated certificate of incorporation and amended and restated bylaws provide that the authorized number of directors may
be changed only by resolution of the board of directors. Any additional directorships resulting from an increase in the number of directors
will be distributed among the three classes so that, as nearly as possible, each class will consist of one-third of the directors. The
division of our board of directors into three classes with staggered three-year terms may delay or prevent a change of our management
or a change in control of our company. Our directors may be removed only for cause by the affirmative vote of the holders of at least
two-thirds of our outstanding voting stock entitled to vote in the election of directors.

69

Board
Leadership Structure

The Board does not have a policy about whether