Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 122

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 122
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 “our,” “us,” and the “Company” refer to Private Veea prior to the consummation of the Business Combination and to Veea and its subsidiaries after the Business Combination. This discussion may contain forward-looking statements that are based on Veea’s current plans, considerations, expectations and determinations regarding future compensation programs. The actual compensation programs that Veea will adopt may differ materially from the current or the currently planned programs that are summarized in this discussion.

Executive Compensation Summary

We have also included the material elements of compensation awarded to, earned by or paid to other officers of the company that may be named executive officers of the Business Combination. Together, these officers are referred to as our “ named executive officers” or “ NEOs.”

Other than as set forth in the table and described more fully below, during the fiscal year ended December 31, 2023, Private Veea did not pay any fees, make any equity awards or non-equity awards, or pay any other compensation to the named executive officers. The compensation reported in this summary compensation table below is not necessarily indicative of how we will compensate our named executive officers in the future. In connection with the Business Combination, each of our NEOs will enter into a new employment agreement with the Combined Company, which agreements may provide for increased base salaries and target annual bonus opportunities. We expect that we will continue to review, evaluate and modify our compensation framework as a result of becoming a publicly-traded company, and our compensation program following the consummation of the Business Combination could vary significantly from our historical practices.

Summary Compensation Table

| Name and Principal Position |     | Year |      |     | Salary 
 ($)    |         |     | Bonus 
 ($)   |     |     | Equity 
 Awards 
 ($)    |         |     | All Other    
 Compensation 
 ($)          |   |     | Total 
 ($)   |         |
| Allen Salmasi               |     |      | 2023 |     |        |       - |     |       |   - |     |        |       - |     |              | - |     |       |       - |
| Chief Executive Officer     |     |      | 2022 |     |        |       - |     |       |   - |     |        |       - |     |              | - |     |       |       - |
| Janice K. Smith             |     |      | 2023 |     |        | 250,838 |     |       | 500 |