Company: MYND
Filing Date: 2025-03-26
Form Type: 20-F
Source: 0001628280-25-014832
Chunk: 47

Company: Mynd.ai, Inc.
Filing Date: 2025-03-26
Form: 20-F
Item: Item 6
Chunk 47
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There are no family relationships among any of our executive officers or directors.

B. Compensation

For the fiscal year ended December 31, 2024, the aggregate cash compensation paid to our directors and executive officers in 2024 (including two individuals no longer serving as executive officers) was approximately $8.3 million. This amount includes (i) approximately $1.0 million paid to certain of our executive officers that was previously earned in prior years pursuant to the long term incentive plan that Promethean had in place prior to the Merger (the “ Legacy Plan”), (ii) approximately $2.7 million paid to certain of our executive officers relating to bonuses earned for 2023 under the Company’s annual incentive plan (“ AIP”) and (iii) $0.5 million paid to one of our executive officers representing the first of three installment payments related to a bonus payable under such executive’s employment agreement upon the completion of our Merger. In addition, during the first quarter of 2025, we paid our directors and executive officers (including two individuals no longer serving as executive officers) aggregate cash consideration of approximately $8.6 million which included (i) approximately $0.9 million paid to certain of our executive officers that was previously earned in prior years under the Legacy Plan, (ii) approximately $6.7 million pursuant to cash awards awarded during 2024 to our directors and executive officers and (iii) $1.0 million paid to two executive officers, representing the second of three installment payments to one such officer and a one-time payment to the other officer, related to bonuses payable under each executive’s employment agreement upon the completion of our Merger. Additionally, during 2024, we awarded our directors and executive officers (including two individuals no longer serving as executive officers), Restricted Stock Units (“ RSUs”) under our Equity Incentive Plan, representing an aggregate of 3,319,835 ADSs, valued at approximately $13.0 million in the aggregate on the date of the grant, and which vest in accordance with their applicable award agreement. Neither we nor our subsidiaries have set aside or accrued any amount to provide pension, retirement or other similar benefits to our executive officers and directors.

Employment Agreements and Indemnification Agreements

We have entered into employment agreements with each of our executive officers. Such agreements provide for an annual base salary, an annual bonus opportunity targeted at a percentage of the executive’s base salary and the opportunity to participate in any equity compensation plan, other incentive