Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 230

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 230
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 or regulation, any law or regulation respecting financial institutions or insurance companies, or any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or 6.being the subject of or party to any sanction or order, not subsequently reversed, suspended, or vacated, of any self -regulatoryorganization, any registered entity or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member. 134

Board Composition and Structure; Director Independence Our business and affairs are managed under the direction of our board of directors, which consists of eight members. In accordance with the terms of our second amended and restated certificate of incorporation, as amended, and amended and restated bylaws, our board of directors are divided into three classes, Class I, Class II and Class III, with each class serving staggered three -yearterms. Upon the expiration of the term of a class of directors, directors in that class are eligible to be elected for a new three -yearterm at the annual meeting of stockholders in the year in which their term expires. Set forth below is information regarding the membership of each class of directors, effective as of the closing of this offering.

| Director:                   |     | Initial Term Expires:                      |
| Class I Directors:          
 Justin Stiefel              
 Troy Alstead                
 Eric S. Trevan, Ph.D.       |     | At the 2027 annual meeting of stockholders |
| Class II Directors:         
 Jennifer Stiefel            
 Andrew Varga                
 Matthew J. Swann            |     | At the 2026 annual meeting of stockholders |
| Class III Directors:        
 Jeffrey Wensel, M.D., Ph.D. 
 Christopher (Toby) Smith    |     | At the 2028 annual meeting of stockholders |

While we do not have a stand -alonediversity policy, in considering whether to recommend any director nominee, including candidates recommended by stockholders, we believe that the backgrounds and qualifications of the directors, considered as a group, should provide a significant mix of experience, knowledge and abilities that will allow our board of directors to fulfill its responsibilities. As set forth in our corporate governance guidelines, when considering whether directors and nominees have the experience, qualifications, attributes or skills, taken as a whole, to enable our board of directors to satisfy its oversight responsibilities effectively in light of our business and structure, the board of directors focuses primarily on each person’s background and experience as reflected in the information discussed