Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 1950

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 7A
Chunk 1950
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 Chief Financial Officer (our principal financial officer), conducted
an evaluation of the effectiveness of our internal control over financial reporting as of March 31, 2025, based on the framework in Internal
Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework). Based
on this evaluation, management concluded that our internal control over financial reporting was effective as of March 31, 2025.

(c) Attestation Report of Registered
Public Accounting Firm

This report does not include an
attestation report of our registered public accounting firm as we are not an accelerated filer or a large accelerated filer.

(d) Changes in Internal Control
over Financial Reporting

We continued to deploy our Enterprise
Resource Planning system(“ERP”) across all new subsidiaries during the year ended March 31, 2025 and have completed deployment
to all entities where we have employees and finance professionals. There were no changes in our internal control over financial reporting,
as defined in Rules 13a-15(t) and 15d-15(f) under the Exchange Act, during the year ended March 31, 2025 that have materially affected,
or are reasonably likely to materially affect, our internal control over financial reporting.

ITEM 9B. OTHER INFORMATION

None.

ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS
THAT PREVENT INSPECTIONS

Not applicable.

83

PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE
GOVERNANCE

Directors and Executive Officers

The table below sets forth the
name, age and position of each of our directors and executive officers and as of the date of this Annual Report on Form 10-K.

    Name 
    Age  
    Position
  
    Steven A. Lisi 
     54  
    Chief Executive Officer and Chairman of the Board of Directors
  
    Douglas Q. Larson 
     55  
    Chief Financial Officer
  
    Michael Gaul 
     71  
    Chief Operating Officer
  
    Erick J. Lucera 
     57  
    Director, Chairperson of Audit Committee, Member of Compensation Committee, Chairperson of Nominating Committee
  
    Yoori Lee 
     52  
    Director, Chairperson of Compensation Committee, Member of Nominating Committee
  
    Dr. William Forbes 
     63  
    Director, Member of Nominating Committee
  
    Robert