Company: RNGE
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001343
Chunk: 194

Company: RANGE IMPACT, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 194
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 order
to determine whether any such transactions or relationships are inconsistent with a determination that the director was independent under
the independence standards established by the Board from time to time and under the applicable rules of any applicable stock exchange,
except to the extent permitted by such rules. While the Nomination and Corporate Governance Committee did not conduct its annual review
of director independence in 2024, the Board has determined that all of our directors are independent other than Mr. Cavanaugh, our Chief
Executive Officer. Accordingly, our Board of Directors is comprised of a majority of independent directors.

Board
and Committee Meetings

The
Board of Directors held six meetings during the year ended December 31, 2024. The directors also, on occasion, communicate informally
to discuss the affairs of the Company and, when appropriate, take formal action by written consent of all of the directors, in accordance
with our Certificate of Incorporation, Bylaws and Nevada law. Our Board has three standing committees: the Audit Committee, the Compensation
Committee and the Nomination and Corporate Governance Committee. Members of such committees met formally and informally from time to
time throughout the year ended December 31, 2024 on committee matters, with the Audit Committee holding four meetings, the Compensation
Committee holding one meeting, and the Nomination and Corporate Governance Committee holding no meetings. Each director attended, in
person or by telephone, 100% of the meetings of the Board and any committee of which he or she was a member.

32

Attendance
at Annual Meeting

Although
the Company does not have a policy with respect to attendance by members of the Board of Directors at its annual meeting of stockholders,
all directors are encouraged to attend.

Committees

General.
The Board of Directors has three standing committees: an Audit Committee, a Compensation Committee, and a Nomination and Corporate Governance
Committee.

Audit
Committee. Mr. Celeste is currently the sole member of our Audit Committee. Our Board has determined that Mr. Celeste is independent
within the meaning of applicable SEC rules and qualifies as an audit committee financial expert, as such term is defined in Item 407(d)(5)(ii)
of SEC Regulation S-K. The Audit Committee has oversight responsibilities for, among other things: the preparation of our financial statements;
oversight of our financial reporting and disclosure processes; the administration, maintenance and review of our system of internal controls
regarding accounting compliance; the appointment of our independent registered public accounting firm and review of its qualifications