Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 2811

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 9A
Chunk 2811
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 at any time. In the event that
we cease to be a “controlled company,” we will be required to comply with these provisions within the transition periods
specified in the Nasdaq Rules.

Independence

We use the definition of “independence”
of The Nasdaq Stock Market LLC (“Nasdaq”) to make this determination. Nasdaq Listing Rule 5605(a)(2) provides that an “independent
director” is a person other than an officer or employee of our Company or any other individual having a relationship which, in the
opinion of the Board, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director. The
Nasdaq rules provide that a director cannot be considered independent if:

●the
director is, or at any time during the past three years was, an employee of our Company;

●the
director or a family member of the director accepted any compensation from our Company in excess of $120,000 during any period of 12
consecutive months within the three years preceding the independence determination (subject to certain exclusions, including, among other
things, compensation for Board or Board committee service);

●a
family member of the director is, or at any time during the past three years was, an executive officer of our Company;

●the
director or a family member of the director is a partner in, controlling shareholder of, or an executive officer of an entity to which
our Company made, or from which our Company received, payments in the current or any of the past three fiscal years that exceed 5% of
the recipient’s consolidated gross revenue for that year or $200,000, whichever is greater (subject to certain exclusions);

57

●the
director or a family member of the director is employed as an executive officer of an entity where, at any time during the past three
years, any of the executive officers of our Company served on the Compensation Committee of such other entity; or

●the
director or a family member of the director is a current partner of our Company’s outside auditor, or at any time during the past
three years was a partner or employee of our Company’s outside auditor, and who worked on our Company’s audit.

Our Board has determined that
three directors, Mr. Siegel, Ms. Lourdes and Mr. Alavi, are independent directors as defined in the Nasdaq listing rules and under Rule
10-A-3(b)(1) of the