Company: ATLN
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001605888-25-000006
Chunk: 27

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 11
Chunk 27
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 board of directors may impose such other clawback, recovery or recoupment provisions in a stock award agreement as our board of directors determines necessary or appropriate.

Grants of Plan Based Awards

The following table set forth supplemental information relating to the Company’s grants of RSUs during the fiscal year 2024 to the NEOs. Also included, in accordance with SEC rules on disclosure of executive compensation, is information relating to the estimated grant date fair value of the grants. Neither the values reflected in the table, nor the assumptions utilized in arriving the values should be considered indicative of future stock performance.

Stock Awards:Number ofShares ofStockGrant DateFair Valueof StockAwardsName/Grant TypeGrantDate(#)($)Jeffrey JagidRSUN/A— $— Christopher BroderickRSUN/A— $— Michael TenoreRSUN/A— $— 

Outstanding Equity Awards at Fiscal Year-End

The following table sets forth outstanding equity awards to our NEOs as of December 31, 2024.

Stock AwardsNameNumber of Shares or Units of Stock that have not VestedMarket Value of Shares or Units ofStock that have not VestedJeffrey Jagid— $ Christopher Broderick— $— Michael Tenore— $— 

Director Compensation

General.    The following discussion describes the significant elements of the existing compensation program for members of our current board of directors and its committees. The compensation of our directors is designed to attract and retain committed and qualified directors and to align their compensation with the long-term interests of our stockholders. Directors who are also executive officers (each, an “Excluded Director”) will not be entitled to receive any compensation for his or her service as a director, committee member or Chair of our board of directors or of any committee of our board of directors.

Director Compensation Arrangements.    Our non-employee director compensation program is designed to attract and retain qualified individuals to serve on our board of directors. Our board of directors, on the recommendation of its Compensation Committee, will be responsible for reviewing and approving any changes to the directors’ compensation arrangements. In consideration for serving on our board of directors, each director (other than Excluded Directors) will be paid an annual retainer. All directors will be reimbursed for their reasonable out-of-pocket expenses incurred while serving as directors.

The Compensation Committee awards options or restricted stock units for the non-employee members of board of directors.