Company: PMVC
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003340
Chunk: 381

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 3
Chunk 381
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Compensation Committee

Effective September 21, 2020, we established a
compensation committee of the board of directors, which presently consists of Susan V. Watson and Daniel E. Zucchi, each of whom is an
independent director. The compensation committee’s duties, which are specified in our Compensation Committee Charter, include, but
are not limited to:

    ●
    reviewing and approving on an annual basis the corporate goals and objectives relevant to our co-chief executive officers’ compensation, evaluating our co-chief executive officers’ performance in light of such goals and objectives and determining and approving the remuneration (if any) of our co-chief executive officers based on such evaluation;

    ●
    reviewing and approving the compensation of all of our other Section 16 executive officers;

    ●
    reviewing our executive compensation policies and plans;

    ●
    implementing and administering our incentive compensation equity-based remuneration plans;

    ●
    assisting management in complying with our proxy statement and annual report disclosure requirements;

    ●
    approving all special perquisites, special cash payments and other special compensation and benefit arrangements for our executive officers and employees;

    ●
    producing a report on executive compensation to be included in our annual proxy statement; and

    ●
    reviewing, evaluating and recommending changes, if appropriate, to the remuneration for directors.

Notwithstanding the foregoing, as indicated below,
other than the $10,000 per month administrative fee, no compensation of any kind, including finders, consulting or other similar fees,
will be paid to any of our existing stockholders, including our directors, or any of their respective affiliates, prior to, or for any
services they render in order to effectuate, the consummation of a transaction. Accordingly, it is likely that prior to the consummation
of a transaction, the compensation committee will only be responsible for the review and recommendation of any compensation arrangements
to be entered into in connection with such transaction.

During the fiscal year ended December 31, 2024,
our compensation committee did not hold any meetings.

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Advisory Committee

On September 21, 2020, our board of directors
approved the formation of an advisory committee to be comprised of individuals who will assist management and the board in all aspects
of our operations including activities aimed at identifying a potential business opportunity and effecting a transaction.

Code of Ethics

Effective September 21, 2020, we adopted a code
of ethics that applies to