Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 695

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 695
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k-Glazer to its Board of Directors and as CEO of the Company. Tal Wil-Glazer resigned her position on 28th October, 2024.

Board of Directors

The minimum number of directors we are authorized
to have is one, and although we anticipate appointing additional directors in the near future, as of the date hereof we have one director.
Directors on our Board of Directors are elected for one-year terms and serve until the next annual security holders’ meeting or
until their death, resignation, retirement, removal, disqualification, or until a successor has been elected and qualified. All officers
are appointed annually by the Board of Directors and serve at the discretion of the Board. Currently, directors receive no compensation
for their services on our Board. During the next year we intend to strengthen our Board of Directors by expanding it and recruiting world
class Key Members.

Committees of the Board

All proceedings of the board of directors for
the fiscal year ended December 31, 2024, were conducted by resolutions consented to in writing by our board of directors and filed with
the minutes of the proceedings of our board of directors. Our company currently does not have nominating, compensation or audit committees
or committees performing similar functions nor does our company have a written nominating, compensation or audit committee charter. Our
board of directors does not believe that it is necessary to have such committees because it believes that the functions of such committees
can be adequately performed by the board of directors.

 14 

The Company does not have any defined policy or
procedure requirements for shareholders to submit recommendations or nominations for directors. The Company’s board of directors
believes that, given the stage of our development, a specific nominating policy would be premature and of little assistance until our
business operations develop to a more advanced level. The Company does not currently have any specific or minimum criteria for the election
of nominees to the board of directors and we do not have any specific process or procedure for evaluating such nominees. The board of
directors will assess all candidates, whether submitted by management or shareholders, and make recommendations for election or appointment.

A shareholder who wishes to communicate with the
Company’s board of directors may do so by directing a written request addressed to any of our directors at the address appearing
on the first page of this registration statement.

Audit Committee Financial Expert

We do not have a standing audit committee. Our
directors perform the functions usually designated to an audit committee. Our board of