Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 817

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 10
Chunk 817
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.

Family
Relationships

There
are no family relationships among and between the issuer’s directors, officers, persons nominated or chosen by the issuer to become
directors or officers, or beneficial owners of more than ten percent of any class of the issuer’s equity securities.

ITEM
11. EXECUTIVE COMPENSATION

The
table below shows the compensation for services in all capacities we paid during the year ended December 31, 2024 and 2023 to the individuals
serving as our principal executive officers (whom we refer to collectively as our “named executive officers”);

    Name and Principal
    Position 
    Year  
    Salary
                                                                                ($)  
    Bonus
                                                                                ($)  
    Stock
                                                                                Awards  
    Option Awards  
    All
                                            Other Compensation  
    Total 
  
    In thousands 

    Shai Lustgarten 
    2023  
     600  
     120  
         -  
           -  
     28  
    $748 
  
    Chief Executive Officer and Interim CFO 
    2024  
     637  
     25  
     -  
     -  
     28  
    $690 

    Neev Nissenson 
    2023  
     174  
     25  
     -  
     -  
     54  
    $253 
  
    Chief Financial Officer(1) 

    (1)
    Effective
    November 17, 2023, Neev Nissenson resigned from his position as CFO.

20

Bonuses

Any
bonuses granted in the future will relate to meeting certain performance criteria that are directly related to areas within the named
executive’s responsibilities with the Company. As we continue to grow, more defined bonus programs may be established to attract
and retain our employees at all levels.

Employment
Contracts

In
February 2020, we entered into an employment agreement with Mr. Lustgarten, the Company’s CEO, (the “Lustgarten Agreement”)
pursuant to which Mr. Lustgarten shall continue to serve as the Company’s CEO. The Lustgarten Agreement has a four-year term and
automatically renews for additional one-year periods unless either-party elects to terminate the Lustgarten Agreement. Pursuant to the