Company: TPET
Filing Date: 2025-01-17
Form Type: 10-K
Source: 0001493152-25-002760
Chunk: 1944

Company: Trio Petroleum Corp.
Filing Date: 2025-01-17
Form: 10-K
Item: Item 9A
Chunk 1944
---
 Corp since September 2023. Mr. Pernice holds a BA in Broadcast Journalism from the University of Southern
California.

46

James
H. Blake (Director) has served as a Director since October 2024. From 1995 to 2024, when he retired, Mr. Blake served in the banking
industry as an investment advisor and a Portfolio Manager and first Vice President overseeing a large portfolio of investments. Mr. Blake
earned a Bachelor of Commerce degree in 1991 and completed his certification as a Chartered Financial Analyst in 2003.

Family
Relationships

There
are no family relationships among our directors or executive officers.

Director
or Officer Involvement in Certain Prior Legal Proceedings

Our
directors and executive officers were not involved in any legal proceedings as described in Item 401(f) of Regulation S-K in the past
ten years, other than Mr. Pernice who served as a co-founder of Gibraltar Associates, LLC, a private company, from 2007 until 2013, which
entity went into receivership in approximately September 2014.

Board
Composition and Election of Directors

Our
board of directors currently consists of six members. Under our amended and restated bylaws, the number of directors will be determined
from time to time by our board of directors.

Director
Independence

Our
board has determined that Stanford Eschner and Robin Ross currently have relationships that would interfere with the exercise of independent
judgment in carrying out the responsibilities of a director, such that they cannot be deemed “independent” as that term is
defined under the rules of the NYSE American, or the NYSE American rules. Our board has determined that William Hunter, John Randall,
Thomas J. Pernice and James H. Blake are all “independent” as that term is defined under the NYSE American rules. As required
under the NYSE American rules a majority of the members serving on the Board are considered to be “independent.”

Classified
Board of Directors

In
accordance with our amended and restated certificate of incorporation and amended and restated bylaws, our board of directors is divided
into three classes with staggered, three-year terms. At each annual meeting of stockholders, the successors to directors whose terms
then expire will be elected to serve from the time of election and qualification until the third annual meeting following election. Our
directors are divided among the three classes as follows:

    ●