Company: SWAGW
Filing Date: 2025-07-11
Form Type: DEF 14A
Source: 0001213900-25-062961
Chunk: 26

Company: Stran & Company, Inc.
Filing Date: 2025-07-11
Form: DEF 14A
Chunk 26
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communicate directly with senior management.

The Board administers its risk oversight function as a whole by making risk oversight a matter of collective consideration. Much of this work has been delegated to committees, which will meet regularly and report back to the full Board. The Audit Committee oversees risks related to our financial statements, the financial reporting process, accounting and legal matters. The Compensation Committee evaluates the risks and rewards associated with our compensation philosophy and programs. The Nominating and Corporate Governance Committee evaluates risk associated with management decisions and strategic direction. The Disclosure Controls and Procedures Committee of the Board (the “Disclosure Controls and Procedures Committee”)assists as needed in assessing risks relevant to achieving the goal of accurate and timely
disclosure, forming a basis for determining how the risks should be managed.

Board Committees

The Board has established the Audit Committee in accordance with Section 3(a)(58)(A) of the Exchange Act; the Compensation
Committee; the Nominating and Corporate Governance Committee; and the Disclosure Controls and Procedures Committee. All committees operate
under a written charter adopted by the Board, each of which is available on our Internet website at https://ir.stran.com.

In addition, the Board may,
from time to time, designate one or more additional committees, which shall have the duties and powers granted to it by the Board.

Audit Committee

The
Audit Committee is responsible for, among other things: (i) the integrity of the Company’s financial statements and financial reporting
process and the Company’s systems of internal accounting and financial controls, (ii) the performance of the internal and external
audit services function, (iii) the annual independent audit of the Company’s financial statements, the engagement of the independent
auditors and the evaluation of the independent auditors’ qualifications, independence and performance, (iv) the compliance by the
Company with legal and regulatory requirements, including the Company’s disclosure controls and procedures, (v) the conduct of and
compliance by the Company’s officers and directors with the Company’s Code of Ethics and Business Conduct (the “Code
of Ethics”), (vi) the evaluation of enterprise risk issues, (vii) the preparation of the Audit Committee Report that is required
pursuant to the rules of the SEC, and (viii) the fulfillment of the other responsibilities set out in its charter.

The Audit Committee’s members are Mark Charles Adams, Sarah L. Cummins, and Brian M. Posner, with Mr. Posner serving as
the chairman. The Board has determined