Company: SIMA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026255
Chunk: 841

Company: SIM Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 841
---
 as a senior advisor to Alexet Capital Associates, LLC and is a Board Member of the Ryan Lesher Foundation, a non-profit
organization assisting families in Bucks County, Pennsylvania. Mr. Capone earned both his J.D. and M.B.A. degrees from Temple University
and his B.S. degree in Accounting from The Pennsylvania State University. Mr. Capone’s accounting, transactional, private equity
and healthcare-related experience makes him well qualified to serve on our Board of Directors.

Family Relationships

No family relationships
exist between any of our directors or executive officers.

Involvement in Certain Legal Proceedings

There are no material proceedings
to which any director or executive officer, or any associate of any such director or officer is a party adverse to our Company, or has
a material interest adverse to our Company.

Number and Terms of Office of Officers and
Directors

Our Board of Directors consists
of five members and is divided into three classes with only one class of directors being appointed in each year, and with each class (except
for those directors appointed prior to our first annual general meeting) serving a three-year term. Prior to the closing of our initial
Business Combination, only holders of our Class B Ordinary Shares are entitled to vote on the appointment and removal of directors or
continuing the company in a jurisdiction outside the Cayman Islands (including any special resolution required to amend our Amended and
Restated Memorandum or to adopt new constitutional documents, in each case, as a result of our approving a transfer by way of continuation
in a jurisdiction outside the Cayman Islands). Holders of our Public Shares are not entitled to vote on such matters during such time.
These provisions of our Amended and Restated Memorandum relating to these rights of holders of Class B Ordinary Shares may be amended
by a special resolution passed by the affirmative vote of at least 90% (or, where such amendment is proposed in respect of the consummation
of our initial Business Combination, two-thirds) of the votes cast by such shareholders as, being entitled to do so, vote in person or,
where proxies are allowed, by proxy at the applicable general meeting of our Company.

27

In accordance with Nasdaq
corporate governance requirements, we are not required to hold an annual general meeting until one year after our first fiscal year end
following our listing on Nasdaq. The term of office of the first class of directors, which consists of Mr. Capone, will expire at our
first annual general meeting