Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 1355

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 10
Chunk 1355
---
 directors. The board of directors believes that the independent directors can satisfactorily carry out the responsibility
of properly selecting or approving director nominees without the formation of a standing nominating committee. Barak Avitbul, Olga Castells,
and Patrick Donovan will participate in the consideration and recommendation of director nominees. In accordance with Rule 5605(e)(1)(A)
of the NASDAQ rules, all such directors are independent. As there is no standing nominating committee, we do not have a nominating committee
charter in place.

The board of directors will
also consider director candidates recommended for nomination by our stockholders during such times as they are seeking proposed nominees
to stand for election at the next annual meeting of stockholders (or, if applicable, a special meeting of stockholders). Our stockholders
that wish to nominate a director for election to the Board should follow the procedures set forth in our bylaws.

We have not formally established
any specific, minimum qualifications that must be met or skills that are necessary for directors to possess. In general, in identifying
and evaluating nominees for director, the board of directors considers educational background, diversity of professional experience, knowledge
of our business, integrity, professional reputation, independence, wisdom, and the ability to represent the best interests of our stockholders

Compensation Committee

Our Compensation Committee
consists of Barak Avitbul, Olga Castells, and Patrick Donovan each of whom is an independent director under the Nasdaq listing standards.
Barak Avitbul is the Chairperson of the compensation committee. The compensation committee’s duties, which are specified in our
Compensation Committee Charter, include, but are not limited to:

●reviewing and approving on an
annual basis the corporate goals and objectives relevant to our executive officers’ compensation, if any is paid by us, evaluating
our executive officers’ performance in light of such goals and objectives and determining and approving the remuneration (if any)
of our executive officers based on such evaluation;

●reviewing and approving on an
annual basis the compensation, if any is paid by us, of all of our other officers;

●reviewing on an annual basis
our executive compensation policies and plans;

●implementing and administering
our incentive compensation equity-based remuneration plans;

●assisting management in complying
with our proxy statement and annual report disclosure requirements;

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

●if required,