Company: XTIA
Filing Date: 2025-10-10
Form Type: DEF 14A
Source: 0001213900-25-098157
Chunk: 17

Company: XTI Aerospace, Inc.
Filing Date: 2025-10-10
Form: DEF 14A
Chunk 17
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 College Prep, and previously served on the board of IWP Capital, LLC from 2023 to July 2025. Mr. Weber received his BA from Texas A&M University and his MBA from Texas Christian University. We believe that Mr. Weber’s unique combination of operational, financial, and aerospace -relatedleadership experience make him well -qualifiedto serve on our Board. 10 Our Board Our Board may establish the authorized number of directors from time to time by resolution. The current authorized number of directors is five. In accordance with the terms of our bylaws, as amended, our Board is divided into three classes, Class I, Class II and Class III, with members of each class serving staggered three -yearterms. Upon the expiration of the term of a class of directors, directors in that class will be eligible to be elected for a new three -yearterm at the annual meeting of stockholders in the year in which their term expires. The directors are divided among the three classes as follows: •the Class I directors are Soumya Das and Scott Pomeroy, and their terms will expire at our Annual Meeting of Stockholders to be held in 2027; •the Class II director is Kareem Irfan, and his term will expire at this Annual Meeting; and •the Class III directors are Tensie Axton and David Brody, and their terms will expire at our Annual Meeting of Stockholders to be held in 2026. In addition to our current Class II director, Kareem Irfan, our Board has nominated Clinton J. Weber as a nominee to serve as a Class II director, each to serve until the 2028 annual meeting of stockholders, or until his respective successor is duly elected and qualified or his earlier death, resignation, retirement, disqualification or removal. Currently, the authorized number of directors is five, and will be increased to six concurrently with the election of Mr. Weber to the Board. We expect that any additional directorships resulting from an increase in the number of directors will be distributed among the three classes so that, as nearly as possible, each class will consist of one -thirdof the directors. The division of our Board into three classes with staggered three -yearterms may delay or prevent a change of our management or a change in control. We continue to review our corporate governance policies and practices by comparing our policies and practices with those suggested by various groups or authorities active in evaluating or setting best practices for corporate governance of public companies. Based on