Company: PMVC
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003340
Chunk: 679

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 7A
Chunk 679
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 our proxy statement and annual report disclosure requirements;

    ●
    approving all special perquisites, special cash payments and other special compensation and benefit arrangements for our executive officers and employees;

    ●
    producing a report on executive compensation to be included in our annual proxy statement; and

    ●
    reviewing, evaluating and recommending changes, if appropriate, to the remuneration for directors.

Notwithstanding the foregoing, as indicated below,
other than the $10,000 per month administrative fee, no compensation of any kind, including finders, consulting or other similar fees,
will be paid to any of our existing stockholders, including our directors, or any of their respective affiliates, prior to, or for any
services they render in order to effectuate, the consummation of a transaction. Accordingly, it is likely that prior to the consummation
of a transaction, the compensation committee will only be responsible for the review and recommendation of any compensation arrangements
to be entered into in connection with such transaction.

During the fiscal year ended December 31, 2024,
our compensation committee did not hold any meetings.

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Advisory Committee

On September 21, 2020, our board of directors
approved the formation of an advisory committee to be comprised of individuals who will assist management and the board in all aspects
of our operations including activities aimed at identifying a potential business opportunity and effecting a transaction.

Code of Ethics

Effective September 21, 2020, we adopted a code
of ethics that applies to all of our executive officers, directors, and employees. The code of ethics codifies the business and ethical
principles that govern all aspects of our business. We will provide, without charge, upon request, copies of our code of ethics. Requests
for copies of our code of ethics should be sent in writing to our executive office.

ITEM 11. EXECUTIVE COMPENSATION

Executive Compensation

No executive officer has received any cash compensation
for services rendered to us. PMV Consumer Delaware Management Partners LLC, an affiliate of our Sponsor, is due an aggregate fee of $10,000
per month for providing us with office space and certain office and secretarial services. However, this arrangement is solely for our
benefit and is not intended to provide our officers or directors compensation in lieu of a salary.

Other than the $10,000 per month administrative
fee, the payment of consulting, success or finder fees to our Sponsor, officers, directors, initial stock