Company: AWX
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001437749-25-008670
Chunk: 8

Company: AVALON HOLDINGS CORP
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 8
---
 of progressive management experience in the hospitality and hotel industry with a concentration in the food and beverage segment and corporate/social banquet sales for a 16,000 square foot convention center in addition to hotel and corporate event management. Ms. Bell plays a major role in the growth and success of Avalon Golf and Country Club and The Grand Resort.

Board Leadership Structure

The Company does not have a policy on whether the roles of Chairman of the Board and Chief Executive Officer should be separate. The Board believes that it should be free to make a choice from time to time in any manner that is in the best interests of the Company and its shareholders.

Director Independence

Avalon Holdings Corporation is a controlled company because over 50% of the voting power of the Company is held by Mr. Klingle. As such, the Company does not require the majority of its directors to be independent. The Board of Directors has determined that the two members of the Audit Committee, Mr. Coxson and Mr. Gordon are independent as defined by the Securities and Exchange Commission and NYSE Amex.

STOCK OWNERSHIP OF MANAGEMENT

The following table sets forth information as of December 31, 2024, with respect to beneficial ownership of the Class A Common Stock and Class B Common Stock by: (i) the Company’s directors, including nominees, and certain named officers of the Company, and (ii) all executive officers and directors, including nominees, as a group. See “Voting Securities and Principal Holders Thereof.”

|                                                                                         |     |                      |         |     |            |     |   |     |                      |         |     |            |      |   |     | Percent |      |   |     | Percent of |      |   |
|                                                                                         |     | Class A Common Stock |         |     |            |     |   |     | Class B Common Stock |         |     |            |      |   |     | of all  |      |   |     | Total      |      |   |
| Name                                                                                    |     | Number of            
 Shares               |         |     | Percent of 
 Class      |     |   |     | Number of            
 Shares               |         |     | Percent of 
 Class      |      |   |     | Common  
 Stock   |      |   |     | Voting     
 Power      |      |   |
| Ronald E. Klingle (1)(3)(4)                                                             |     |                      | 170,417 |     |            | 5.