Company: VLDXW
Filing Date: 2025-06-25
Form Type: DRS
Source: 0001641172-25-016496
Chunk: 133

Company: Velo3D, Inc.
Filing Date: 2025-06-25
Form: DRS
Chunk 133
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 of our independent directors, designate a “lead independent director.” In cases in which the Chairman and Chief Executive Officer are the same person, the Chairman schedules and sets the agenda for meetings of our Board in consultation with the lead independent director, and the Chairman, or if the Chairman is not present, the lead independent director, chairs such meetings.

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<div align='center'>Confidential Treatment Requested by Velo3D, Inc.

Pursuant to 17 CFR 200.83</div>

Our Board believes that it should maintain flexibility to select the Chairman of our Board and adjust our Board leadership structure from time to time. Currently, Arun Jeldi is the Chairman of our Board and our Chief Executive Officer. Our Board believes that Mr. Jeldi’s significant executive experience in additive manufacturing and in providing design and manufacturing services to the aerospace and defense industries make him well-qualified to serve as the Chairman of our Board. Dr. Keppler serves as our lead independent director.

Our Board believes that its independence and oversight of management is maintained effectively through this leadership structure, the composition of our Board, and sound corporate governance policies and practices.

Classified Board of Directors

In accordance with our Certificate of Incorporation, our directors are divided into three classes serving staggered three-year terms. At each annual meeting of stockholders, a class of directors will be subject to re-election for a three-year term. As a result, only one class of directors will be elected at each annual meeting of our stockholders, with the other classes continuing for the remainder of their respective three-year terms. Our directors are divided among the three classes as follows:

| ● | the                                                                                     
 Class I directors are Mr. Keppler and Mr. Lloyd and their terms will expire at the 2025 
 annual meeting of stockholders;                                                         |
| ● | the                                                                                     
 Class II directors are Mr. Idelchik and Mr. Krause, and their terms will expire at the  
 2026 annual meeting of stockholders; and                                                |
| ● | the                                                                                     
 Class III director is Mr. Jeldi, and his term will expire at the 2027 annual meeting    
 of stockholders.                                                                        |

Each director’s term continues until the election and qualification of his or her successor, or his or her earlier death, resignation or removal. Our Certificate of Incorporation and our Bylaws, authorize only our board of directors to fill vacancies on our board of directors. Any increase or decrease in the number of directors