Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002716
Chunk: 127

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 127
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 pay any other compensation to the named executive officers. The compensation reported in this summary compensation table below is not necessarily indicative of how we will compensate our named executive officers in the future. In connection with the Business Combination, each of our NEOs will enter into a new employment agreement with the Combined Company, which agreements may provide for increased base salaries and target annual bonus opportunities. We expect that we will continue to review, evaluate and modify our compensation framework as a result of becoming a publicly-traded company, and our compensation program following the consummation of the Business Combination could vary significantly from our historical practices.

Summary Compensation Table

| Name and Principal Position |     | Year |      |     | Salary 
 ($)    |         |     | Bonus 
 ($)   |     |     | Equity 
 Awards 
 ($)    |         |     | All Other    
 Compensation 
 ($)          |   |     | Total 
 ($)   |         |
| Allen Salmasi               |     |      | 2023 |     |        |       - |     |       |   - |     |        |       - |     |              | - |     |       |       - |
| Chief Executive Officer     |     |      | 2022 |     |        |       - |     |       |   - |     |        |       - |     |              | - |     |       |       - |
| Janice K. Smith             |     |      | 2023 |     |        | 250,838 |     |       | 500 |     |        |       - |     |              | - |     |       | 251,338 |
| Chief Operating Officer     |     |      | 2022 |     |        | 311,289 |     |       |   - |     |        | 241,002 |     |              | - |     |       | 552,291 |
| Mark Tubinis                |     |      | 2023 |     |        | 210,708 |     |       | 500 |     |        |       - |     |              | - |     |       | 211,208 |
| Chief Commercial Officer    |     |      | 2022 |     |        | 221,250 |     |       |   - |     |        |  44,237 |     |              | - |     |       | 265,487 |

Existing NEO Employment Agreements

Allen Salmasi, as founder