Company: PETVW
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001641172-25-018617
Chunk: 168

Company: PetVivo Holdings, Inc.
Filing Date: 2025-07-10
Form: 10-K
Item: Item 1A
Chunk 168
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 also previously held senior positions at Garmin International and Sanofi
Animal Health. Since his departure from Dechra to present, Mr. Eldred has assisted companies as a strategic advisor and consultant. Mr.
Eldred holds a BA in business from the University of Northern Iowa, and an MBA from University of Missouri-Kansas City. Mr. Eldred has
seen the transformation of the animal-human bond, and it continues to make him passionate about improving our pet’s lives.

35

Family
Relationships

There
are no family relationships between executive officers or directors of the Company.

Skills
and Qualifications of the Directors

The
Board believes that the qualifications of the directors, as set forth in their biographies, which are listed above, give them the qualifications
and skills to serve as directors of the Company.

CORPORATE
GOVERNANCE

Director
Independence

Since
August 13, 2021, our common stock and warrants have been listed on the Nasdaq National Market, or Nasdaq, under the symbols “PETV”
and “PETVW,” respectively. Under Nasdaq Rule 5605 (“Nasdaq Rules”), independent directors must comprise a majority
of a listed company’s board of directors.

Our
Board of Directors has six independent members, consisting of Spencer Breithaupt, Robert Costantino, Joseph Jasper,
Diane Levitan, Robert Rudelius, and Michael Eldred, as “independence” is defined under the applicable
rules and regulations of the SEC and the listing standards of Nasdaq, and does not have a relationship with us (either directly or
as a partner, stockholder, or officer of an organization that has a relationship with us) that would interfere with their exercise
of independent judgment in carrying out their responsibilities as directors. Accordingly, a majority of our directors are
independent, as required under the applicable Nasdaq rules.

Delinquent
Section 16(a) Reports

Section
16(a) of the Securities Exchange Act requires our executive officers and directors, and persons who own more than 10% of our common stock,
to file reports regarding ownership of, and transactions in, our securities with the Securities and Exchange Commission and to provide
us with copies of those filings. To the Company’s knowledge, based solely on a review of the Form 3’s, 4’s and 5’s
electronically filed with the SEC during fiscal 2025, all such filing requirements applicable to the Company’s directors, executive
officers