Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 86

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 9B
Chunk 86
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 for purposes of Section 162(m) of the Internal Revenue Code. The Committee has been established to: (a) assist the Board
in seeing that a proper system of long-term and short-term compensation is in place to provide performance oriented incentives to attract
and retain management, and that compensation plans are appropriate and competitive and properly reflect the objectives and performance
of management and the Company; (b) assist the Board in discharging its responsibilities relating to compensation of the Company’s
executive officers; (c) evaluate the Company’s Chief Executive Officer and set his or her remuneration package; (d) make recommendations
to the Board with respect to incentive compensation plans and equity-based plans; and (e) perform such other functions as the Board may
from time to time assign to the Committee.

In
determining the amount, form, and terms of such compensation, the Compensation Committee will consider the annual performance of such
officers in light of company goals and objectives relevant to executive officer compensation, competitive market data pertaining to executive
officer compensation at comparable companies, and such other factors as it deems relevant, and is guided by, and seeks to promote, the
best interests of the Company and its shareholders.

Nominating
and Corporate Governance Committee. Our nominating and corporate governance committee consists of Jeffrey Guzy, Trond Ringstad
and Timothy McLellan. Mr. Guzy is the chairman of our nominating and corporate governance. We have determined that each of Messrs. Guzy,
Ringstad and McLellan qualify as “independent” as that term is defined by NASDAQ Listing Rule 5605(a)(2). The Committee is
responsible for: (a) assisting the Board in determining the desired experience, mix of skills and other qualities to provide for appropriate
Board composition, taking into account the current Board members and the specific needs of the Company and the Board; (b) identifying
qualified individuals meeting those criteria to serve on the Board; (c) proposing to the Board the Company’s slate of director
nominees for election by the shareholders at the Annual Meeting of Shareholders and nominees to fill vacancies and newly created directorships;
(d) reviewing candidates recommended by shareholders for election to the Board and shareholder proposals submitted for inclusion in the
Company’s proxy materials; (e) advising the Board regarding the size and composition of the Board and its committees; (f) proposing
to the Board directors to serve as chairpersons and members on committees of the Board; (