Company: CHUC
Filing Date: 2025-06-24
Form Type: DEF 14A
Source: 0001437749-25-021182
Chunk: 31

Company: Charlie's Holdings, Inc.
Filing Date: 2025-06-24
Form: DEF 14A
Chunk 31
---
.

During the year ended December 31, 2023, the Company made a $1,070,000 repayment to the Notes, including a $70,000 interest payment. As of December 31, 2024, $400,000 of Notes remained outstanding with Ryan Stump and Henry Sicignano III, and the maturity dates of the outstanding notes had been extended to December 31, 2024. On April 28, 2025 Ryan Stump and Henry Sicignano III were each paid approximately $75,000 of accrued interest and have agreed to modify the Notes to include a 10% interest rate, with monthly payments of principal and interest of approximately $18,000. The maturity date has been extended to April 28, 2026.

<div align='center'>20

PROPOSAL NO. 2</div>

The audit committee has appointed Urish Popeck & Co., LLC as our independent registered certified public accounting firm for fiscal year 2025 and has further directed that the selection of Urish Popeck & Co., LLC be submitted to a vote of stockholders at the annual meeting for ratification.

In selecting Urish Popeck & Co., LLC to be our independent registered public accounting firm for 2025, our audit committee considered the results from its review of their independence, including (i) all relationships between the firm and our Company and any disclosed relationships or services that may impact the firm’s objectivity and independence; (ii) the firm’s performance and qualification as an independent registered public accounting firm; and (iii) the fact that the firm’s engagement audit partner is rotated on a regular basis as required by applicable laws and regulations.

Our audit committee charter does not require that our stockholders ratify the selection of Urish Popeck & Co., LLC as our independent registered public accounting firm. We are doing so because we believe it is a matter of good corporate governance practice. If our stockholders do not ratify the selection, our audit committee may reconsider whether to retain Urish Popeck & Co., LLC, but still may retain the firm. Even if the selection is ratified, our audit committee, in its discretion, may change the appointment at any time during the year if it determines that such a change would be in the best interests of us and our stockholders.

Representatives of Urish Popeck & Co., LLC are expected to attend the annual meeting, where they will be available to respond to appropriate questions and, if they desire, to make a statement