Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 1849

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 7
Chunk 1849
---
 the context of the Board as a whole, with the objective of assembling a group that can best
perpetuate the success of the business and represent stockholder interests through the exercise of sound judgment using its diversity
of experience in these various areas.

Since the date of our most recent
periodic report, there were no changes to the procedure by which our security holders may recommend nominees to our Board of Directors.

Stockholder Communications

Although we do not have a formal
policy regarding stockholder communications with our Board of Directors, stockholders may communicate with our Board of Directors, or
any individual director on our Board of Directors, by writing to us at the address of our principal executive offices, addressing the
communication to the attention of our Chief Executive Officer, and specifying the Board of Directors or, if applicable, the individual
member thereof as the intended recipient of the communication. Our Corporate Secretary will forward to the directors all communications
that, in his judgment, are appropriate for consideration by the directors. Examples of communications that would not be appropriate for
consideration by the directors include commercial solicitations and matters not relevant to the stockholders, to the functioning of the
Board of Directors or to the affairs of our Company. Any correspondence received that is addressed generically to the Board of Directors
will be forwarded to the Chairman of the Board of Directors.

Board Leadership Structure and Role in Risk Oversight

The Board of Directors does not
have a formal policy on whether or not the roles of Chairman of the Board and Chief Executive Officer should be separate and believes
that it should retain the flexibility to make this determination in the manner it believes will provide the most appropriate leadership
for the Company from time to time. Currently, Steven A. Lisi serves as Chairman of the Board and Chief Executive Officer. Robert Carey
is the lead independent director. Mr. Lisi sets the strategic direction for the Company and provides day-to-day leadership. As Chairman
of the Board of Directors, Mr. Lisi further oversees the agenda for board meetings in collaboration with the other board members. Our
Board believes that it is in the best interest of the Company and its stockholders for Mr. Lisi to serve in both roles at this time given
his knowledge of the Company and industry. We believe that this structure provides appropriate leadership and oversight of the Company
and facilitates effective functioning of both management and our Board of Directors. Our Board of Directors will continue to reassess
the structure to determine what is in the best interests of the Company and stockholders.