Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 561

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 561
---
 552,749 
  
    Michael Toporek 
     300  
     -  
     -  
     22.50  
     12/12/2028  
     -  
     -  
     2,424,188  
     13,681,081 

Director
Compensation for Fiscal Year 2024

On
May 15, 2023, the Board’s Compensation Committee authorized non-employee directors to receive cash compensation, as follows: (i)
$20,000 per annum to each non-employee director of the Board, an additional (ii) $15,000 per annum to each director then serving as a
chairperson of the Audit Committee or the Compensation Committee of the Board, an additional (iii) $10,000 per annum for the Lead Independent
Director of the Board, and an additional (iv) $15,000 per annum to each member of the Executive Committee. Future director compensation
will be determined by the Compensation Committee. Directors who are also our employees, in particular Mr. Toporek, Mr. Belizaire, and
partially Mr. Michaels for his time served as Interim CFO, are not compensated for serving on the Board. There were no changes for the
fiscal year 2024.

The
following table details the total compensation of the Company’s non-employee directors for the fiscal year ended December 31, 2024.

    Fees Earned or Paid in Cash  
    Stock awards  
    Stock options  
    Total 
  
    Name 
    ($)  
    ($)(1)  
    ($)(2)  
    ($) 
  
    John Bottomley 
     35,000  
     413,537(3) 
     -  
     448,537 
  
    William Hazelip 
     20,000  
     413,537(4) 
     -  
     433,537 
  
    Edward R. Hirshfield 
     20,000  
     413,537(5) 
     -  
     433,537 
  
    Matthew E. Lipman 
     35,000  
     413,537(6) 
     -  
     448,537 
  
    Thomas J. Marusak 
     35,000  
     538,898(