Company: BRID
Filing Date: 2025-02-27
Form Type: DEF 14A
Source: 0001493152-25-008406
Chunk: 21

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-02-27
Form: DEF 14A
Chunk 21
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 the Board’s responsibility to oversee the Executive Committee with respect to its risk management function and to ensure that the Company’s risk management system is well-functioning and consistent with the Company’s overall corporate strategy and financial goals.

In fulfilling that oversight role, the Board focuses on the adequacy of the Company’s overall risk management system. The Board believes that an effective risk management system will adequately identify the material risks to the Company’s business, monitor the effectiveness of the risk mitigating policies and procedures, and provide the Executive Committee with input with respect to the risk management process.

With respect to cybersecurity risk management, the Company developed and implemented an IT Steering Committee that assesses the primary cybersecurity risks facing the Company. The Audit Committee oversees the IT Steering Committee and actively reviews and discusses with them our data security posture, results from internal audit and third-party assessments, and certain cybersecurity risks or incidents. The Audit Committee is authorized to and regularly reports to management or the Board matters it deems relevant to cybersecurity. For more information regarding the Board’s oversight of cybersecurity, please see Item 1C. “Cybersecurity” of our 2024 Annual Report.

Employee, Director and Officer Hedging

The Company’s insider trading policy prohibits employees (including officers) and directors from purchasing financial instruments (including prepaid variable forward contracts, equity swaps, collars, and exchange funds), or otherwise engaging in transactions, that hedge or offset, or are designed to hedge or offset, any decrease in the market value of our equity securities.

Insider Trading Policies and Procedures

We have adoptedan insider trading policy and procedures that govern the purchase, sale and/or other dispositions of our securities by directors, officers, employees and certain other persons. It is also our policy to take appropriate steps to comply with applicable federal and state securities laws and regulations, as well as applicable stock exchange listing standards, when the Company engages in transactions in its securities. We believe that our insider trading policy and procedures are reasonably designed to promote compliance with insider trading laws, rules and regulations, and the NASDAQ Listing Rules. A copy of our insider trading policy was filed as an exhibit to our 2024 Annual Report.

Code of Ethics

The Company adopted a code of ethics that is applicable to, among other individuals, its principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, and posted the code of ethics on its website at www.bridgford.comunder “Governance” (and designated therein as the Code of Conduct - Governance). Any amendment or waiver