Company: TOMZ
Filing Date: 2025-09-30
Form Type: DEF 14A
Source: 0001654954-25-011258
Chunk: 21

Company: TOMI Environmental Solutions, Inc.
Filing Date: 2025-09-30
Form: DEF 14A
Chunk 21
---
 our directors who were serving at the time of our 2024 annual meeting of shareholders attended such meeting.

Information Regarding Committees of the Board

The Board has three standing committees: the Audit Committee, the Compensation Committee and the Nominating and Governance Committee. Each such committee operates under a charter that has been approved by the Board. We intend to appoint persons to the Board and its committees as required from time to time to satisfy the corporate governance requirements of the Nasdaq listing rules. Below is a description of each committee.

Audit Committee

Our Audit Committee was established in June 2009 and currently is comprised of Mr. Fragasso, and Dr. Lim, with Mr. Fragasso serving as chairperson of the Audit Committee. Ms. Anderson served as the Chair of the Audit Committee until September 24, 2025. At the conclusion of the Annual Meeting, the members of the Audit Committee are expected to be Mr. Fragasso and Dr. Lim, and Mr. Fragasso is expected to continue serving as chairperson of the Audit Committee. The Audit Committee operates under a written charter, which can be found on the corporate governance section of our investor relations website at http://investor.tomimist.com/TOMZ. The purpose of the Audit Committee is to assist the Board in monitoring the integrity of our annual, quarterly and other financial statements, the independent auditor’s qualifications and independence, the performance of our independent auditors and our compliance with legal and regulatory requirements. The Audit Committee also reviews and approves all related-party transactions.

The Board has determined that each of the members of our audit committee satisfies the Nasdaq listing standards and the SEC independence requirements, and is a “non-employee director” as defined in Rule 16b-3 promulgated under the Exchange Act. Further, the Board has determined that Mr. Fragasso qualifies as an audit committee financial expert within the meaning of SEC regulations and meets Nasdaq’s financial sophistication requirements. In making this determination, the Board has considered Mr. Fragasso’s extensive financial experience and business background.

The Audit Committee met 4 times during the fiscal year ended December 31, 2024.

Compensation Committee

The Compensation Committee was established in February 2011 and currently is comprised of Mr. Fragasso, Mr. Paul, and Dr. Lim, with Mr. Fragasso serving as chairperson of the Compensation Committee. At the conclusion of the Annual Meeting, the members of the Compensation Committee are expected to be Mr. Fragasso, Dr. Lim, and Mr. Paul,