Company: OSRH
Filing Date: 2025-01-24
Form Type: S-4/A
Source: 0001213900-25-006139
Chunk: 451

Company: OSR Holdings, Inc.
Filing Date: 2025-01-24
Form: S-4/A
Chunk 451
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centive Compensation Two individuals of OSR Holdings’ named executive officers, Soo Eun Nam, CFO, and Sang Hoon Kim, Head of Strategic Investments, are entitled to receive a cash bonus under the terms of their employment agreements. The amount of their bonuses and the performance metrics and goals required to receive bonus are determined annually by the OSR Holdings’ Board based on appropriate comparative company benchmarks.

285 For 2022, with respect to Ms. Nam, and 2023, with respect to Ms. Nam and Mr. Kim, there were no bonuses or any other form of non -equityincentive compensation paid or accrued. Defined Contribution Plan OSR Holdings currently maintains a defined contribution plan for all of its officers and employees as required by Korean law. A defined contribution plan is a retirement pension plan in which OSR Holdings pays a fixed amount of contributions to a separate fund for the benefit of each employee, which is one twelfth (1/12) of annual salary to the retirement plan. Director Compensation Since inception, all of the board directors of OSR Holdings have been also serving as executive officers of the company and received the cash compensation disclosed above, except for Mr. Hwang, who receives no cash compensation for his service as an executive officer or director. OSR Holdings does not pay directors any cash or equity -basedcompensation for their service as directors. 286 OSR HOLDINGS MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion should be read in conjunction with “Unaudited Pro Forma Condensed Consolidated Combined Financial Information,” “Selected Historical Financial Data of OSR Holdings” and OSR Holdings’ audited and unaudited condensed consolidated financial statements, including the notes thereto, included elsewhere in this proxy statement/prospectus. In addition to historical financial information, this discussion contains forward -looking statements based upon OSR Holdings’ current expectations that involve risks and uncertainties. OSR Holdings’ actual results could differ materially from such forward -looking statements as a result of various factors, including those set forth under “Risk Factors” and elsewhere in this proxy statement/prospectus. Historical information contained in this section refers to OSR Holdings and its consolidated subsidiaries (where applicable) prior to the completion of the Business Combination; forward looking information contained in this section refers to New OSR Holdings following BLAC’s acquisition of OSR Holdings (as described below and in other sections of this proxy statement/prospectus). References included in this section to “we