Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 108

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 108
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 to assure compliance with all relevant laws, regulations, and company policies, 5) is responsible for the Company’s
policies with respect to risk assessment and risk management pertaining to the financial, accounting and tax matters of the Company,
and 6) reviews annually the adequacy of the charter of the Audit Committee and recommends changes to the Board that it considers necessary
or appropriate.

67

Nominating
and Corporate Governance Committee

The
Board has adopted a Nominating and Corporate Governance Committee charter, which is published on our website at https://www.solunacomputing.com/investors/governance/.
The Nominating and Corporate Governance Committee consists of Messrs. Hirshfield (Chairman), Hazelip and Marusak. The Board has determined
that each member of the Nominating and Corporate Governance Committee is independent, as defined under the applicable rules and listing
standards of Nasdaq.

The
role of the Nominating and Corporate Governance Committee is to assist the Board by: 1) identifying, evaluating, and recommending the
nomination of Board members; 2) selecting and recommending director candidates to the Board; 3) developing and recommending governance guidelines of the Company to the Board; 4) addressing governance matters; 5) making recommendations to the Board regarding
Board size, composition, and criteria; 6) making recommendations to the Board regarding the structure and composition of existing Committees
and recommend to the Board persons to be members and chairpersons of the existing Committees; 7) annually evaluating the performance
of the Nominating and Corporate Governance Committee; 8) periodically review and discuss with the Board corporate succession plans for
the Company’s executive officers and other senior executives as the Nominating and Corporate Governance Committee deems appropriate,
and 8) annually evaluating the adequacy of the Nominating and Corporate Governance Committee charter and recommend any changes to the
Board.

In
appraising potential director candidates, the Nominating and Corporate Governance Committee focuses on desired characteristics and qualifications
of candidates, and although there are no stated minimum requirements or qualifications, preferred characteristics include business savvy
and experience, concern for the best interests of our stockholders, proven success in the application of skills relating to our areas
of business activities, adequate availability to participate actively in the Board’s affairs, high levels of integrity, and sensitivity
to current business and corporate governance trends and legal requirements, and that candidates, when warranted, meet applicable director
independence standards. Individuals