Company: SWAGW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044222
Chunk: 145

Company: Stran & Company, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part II, Item 1
Chunk 145
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 the Annual Meeting in accordance with Rule 14a-8 under the Exchange Act, the proposal must be received no later than Friday, May 30,
2025. A proposal which is received after the applicable date or which otherwise fails to meet the requirements for stockholder proposals
established by the SEC will not be included. The submission of a stockholder proposal does not guarantee that it will be included in the
proxy statement. The proposal must also comply with the other requirements for stockholder proposals under Rule 14a-8 under the Exchange
Act in order for it to be required to be included in our proxy statement for the Annual Meeting. In addition, if the requirements of Rule
14a-4(c)(2) under the Exchange Act are not complied with, the Company may exercise discretionary voting authority under proxies it solicits
to vote in accordance with its best judgment on any such proposal.

37

In accordance with the Company’s Amended
and Restated Bylaws (“Bylaws”), for any proposal or any director nomination that is not included in the Company’s proxy
statement for the Annual Meeting to be brought by a stockholder before the Annual Meeting, notice of the proposal or nomination must be
received by May 26, 2025.

On March 19, 2025, the Compensation Committee
approved the grant of the following discretionary cash bonuses: $50,000 was granted to Andrew Shape, Chief Executive Officer and President;
$25,000 was granted to David Browner, Chief Financial Officer; and $25,000 was granted to John Audibert, Vice President of Growth and
Strategic Initiatives. The bonus compensation was in addition to any cash bonus or other compensation that each of the recipients may
be entitled to or eligible for under his respective employment or consulting agreement with the Company.

None of our directors or “officers,”
as defined in Rule 16a-1(f) under the Exchange Act, adopted or terminated a Rule 10b5-1 trading plan or arrangement or a non-Rule 10b5-1
trading plan or arrangement, as defined in Item 408(c) of Regulation S-K, during the fiscal quarter ended March 31, 2025.

ITEM 6.EXHIBITS.

    Exhibit No.
     
    Description
  
    3.1
     
    Articles of Incorporation of Stran & Company, Inc. (incorporated by reference to Exhibit 3.1 to the Registration Statement on