Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 379

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1B
Chunk 379
---

     -  
     -  
     292,000 

    Kevin O’Donnell**** 
    2024 
     -  
     -  
     -  
     -  
     -  
     - 
  
    Former Executive Chairman 
    2023 
     292,000  
     -  
     -  
     -  
     -  
     292,000 

    *
    Paul Vassilakos was appointed as Chairman and Chief Executive Officer of Eightco on March 17, 2024. Before such date, he was employed by Eightco
solely as President of Forever 8.

    **
    Brian McFadden was appointed President of Eightco on September 23, 2021, and his title was later expanded to include Chief Executive Officer, which he served until March 17, 2024. Mr. McFadden was not paid any salary for the year ended December 31, 2024.

    ***
    Brett Vroman was appointed Chief Financial Officer of Eightco on October 13, 2021. Mr. Vroman was not paid any salary or fees for the year ended December 31, 2024. Mr. Vroman deferred fees of $120,000 until 2025.

    ****
    Kevin O’Donnell served as the Executive Chairman of the Board of Directors from October 15, 2021 to March 17, 2024. Mr. O’Donnell’s was not paid any salary or fees for the year ended December 31, 2024.

50

Overview

The
Company expects to provide total compensation packages that are competitive, tailored to the unique characteristics and needs of the
Company within its industry, and adequately reward its executives for their roles in creating value for our stockholders. The Company
expects that it will be competitive in its executive compensation with other similarly situated companies in its industry. The compensation
decisions regarding the Company’s executives are expected to be based on its need to attract individuals with the skills necessary
to achieve its business plan, to reward those individuals fairly over time and to retain those individuals who continue to perform at
or above the Company’s expectations.

The
Company’s executive compensation program is expected to consist of three primary components: salary, incentive bonus and stock-based
awards issued under an equity incentive plan. The Company determines the appropriate level