Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 1803

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 8
Chunk 1803
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d) approving in advance all
audit and permissible non-audit services to be performed by the independent auditors; and (f) performing such other functions as the
Board may from time to time assign to the Committee.

Compensation
Committee. Our compensation committee consists of Jeffrey Guzy, Trond Ringstad and Timothy McLellan. Mr. Guzy is the chairman
of our compensation committee. We have determined that Messrs. Guzy, Ringstad and McLellan each are “independent,” as such
term is defined for directors and compensation committee members in the listing standards of the NASDAQ Stock Market LLC. Additionally,
each qualify as “non-employee directors” for purposes of Rule 16b-3 under the Securities Exchange Act of 1934 and as “outside
directors” for purposes of Section 162(m) of the Internal Revenue Code. The Committee has been established to: (a) assist the Board
in seeing that a proper system of long-term and short-term compensation is in place to provide performance oriented incentives to attract
and retain management, and that compensation plans are appropriate and competitive and properly reflect the objectives and performance
of management and the Company; (b) assist the Board in discharging its responsibilities relating to compensation of the Company’s
executive officers; (c) evaluate the Company’s Chief Executive Officer and set his or her remuneration package; (d) make recommendations
to the Board with respect to incentive compensation plans and equity-based plans; and (e) perform such other functions as the Board may
from time to time assign to the Committee.

In
determining the amount, form, and terms of such compensation, the Compensation Committee will consider the annual performance of such
officers in light of company goals and objectives relevant to executive officer compensation, competitive market data pertaining to executive
officer compensation at comparable companies, and such other factors as it deems relevant, and is guided by, and seeks to promote, the
best interests of the Company and its shareholders.

Nominating
and Corporate Governance Committee. Our nominating and corporate governance committee consists of Jeffrey Guzy, Trond Ringstad
and Timothy McLellan. Mr. Guzy is the chairman of our nominating and corporate governance. We have determined that each of Messrs. Guzy,
Ringstad and McLellan qualify as “independent” as that term is defined by NASDAQ Listing Rule 5605(a)(2). The Committee is
responsible for: (a)