Company: BNBX
Filing Date: 2025-10-30
Form Type: S-1
Source: 0001104659-25-103871
Chunk: 126

Company: BNB PLUS CORP.
Filing Date: 2025-10-30
Form: S-1
Chunk 126
---
us or any other report or document we file with or furnish to the SEC. During fiscal 2025, the Board held sixteen formal meetings (including regularly scheduled and special meetings) and acted by unanimous written consent ten times. During fiscal 2025, each director attended at least 75% of all meetings of the Board during the time such director was a member of the Board and of all meetings of the committee or committees on which he or she served. Directors are strongly encouraged to attend our annual meetings of stockholders. All directors then serving on the Board attended the Company’s annual meeting of stockholders held in 2025. The membership of each of the Audit Committee, the Compensation Committee and the Nominating Committee is composed entirely of independent directors. In addition, the members of the Audit Committee meet the heightened standards of independence for Audit Committee members required by SEC rules and Nasdaq rules. The committee membership and the responsibilities of each of the committees as of September 30, 2025 are described below.

| Name                            |   | Audit |   | Compensation |   | Nominating |
| Judith Murrah                   | ​ | —     | ​ | —            | ​ | —          |
| Robert B. Catell(I)             | ​ |       | ​ | —            | ​ | —          |
| Joseph D. Ceccoli(I)            | ​ |       | ​ |              | ​ | —          |
| Yacov A. Shamash(I)             | ​ |       | ​ |              | ​ |            |
| Elizabeth M. Schmalz Shaheen(I) | ​ | —     | ​ |              | ​ |            |

Chairperson Member

| (I) | Independent director |

Audit Committee Our Audit Committee is comprised of Messrs. Catell, Ceccoli and Shamash (Chairperson). The Board has determined that each member of the Audit Committee is independent within the meaning of the director independence standards of the Company and Nasdaq as well as the heightened director independence standards of the SEC for Audit Committee members, including Rule 10A-3(b)(1) under the Exchange Act. The Board has also determined that each of the members of the Audit Committee is financially sophisticated and is able to read and understand consolidated financial statements and that Dr. Shamash is an “Audit Committee expert” as defined in the Exchange Act. During fiscal 2025, the Audit Committee held four formal meetings. The composition and responsibilities of the Audit Committee and the attributes of its members, as reflected