Company: LIFD
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000346
Chunk: 1853

Company: LFTD PARTNERS INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 1853
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obs’ compensation during the presented years. Note: none of GJacobs’, NWarrender’s, and WJacobs’ compensation is considered compensation for serving as a member of the board of directors of the Company. GJacobs, NWarrender and WJacobs have entered into employment agreements with the Company. (B)Ms. Sharial Howard was appointed to the Board of Directors on August 20, 2024, and during each of the third and fourth quarters of 2024, Ms. Howard was paid a $4,000 director fee. (C)During the years ended December 31, 2024 and 2023, Mr. Warrender was paid a gross salary of $60,000. Note: this compensation is not considered compensation for serving as a member of the board of directors of the Company.

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Pursuant to the Omnibus Agreement, commencing on March 31, 2022, each of the non-officer members of the board of directors of the Company began receiving a quarterly fee of $4,000 from the Company.

In the future, it is possible that other directors may serve us in another capacity and may receive compensation from us in connection with that service.

Aggregate Option Exercise of Last Fiscal year and Fiscal Year-End Option Values

The table below sets forth unexercised options, warrants, stock that has not yet vested and equity incentive plan awards for GJacobs, WJacobs, and NWarrender outstanding as of December 31, 2024.

Outstanding Equity Awards At Fiscal Year End December 31, 2024                                                (a) (b)  (c)  (d)  (e)  (f) (g)  (h)  (i)  (j)                            Gerard M. Jacobs, Chairman and CEO                          6/19/2019 Compensation Agreement  250,000          $5.00  2/24/2025              Warrants Issued in Connection with Acquisition of Lifted  200,000          $5.00  2/24/2025                                                   William C. Jacobs, Director, President and CFO                                  6/19/2019 Compensation Agreement  225,000          $5.00  2/24/2025