Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 742

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 742
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 affecting the value of our executive compensation in 2024.

Summary
Compensation

We
have also included the material elements of compensation awarded to, earned by or paid to other officers of the company that may be named
executive officers of the Business Combination. Together, these officers are referred to as our “named executive officers”
or “NEOs.”

Other than as set forth in the table and described more fully below,
during the fiscal year ended December 31, 2024, Veea did not pay any fees, make any equity awards or non-equity awards, or pay any other
compensation to the named executive officers. The compensation reported in this summary compensation table below is not necessarily indicative
of how we will compensate our named executive officers in the future. We expect that we will continue to review, evaluate and modify our
compensation framework as a result of becoming a publicly-traded company, and our compensation program following the consummation of the
Business Combination could vary significantly from our historical practices.

72

Summary
Compensation Table

    Name and Principal Position 
    Year 
    Salary ($)  
    Bonus ($)  
    Option Awards (1)  ($)  
    All Other Compensation (2)    ($)  
    Total ($) 

    Allen Salmasi 
    2024 
     -  
     -  
    $11,640,727  
        
    $11,640,727 
  
    Chief Executive Officer 
    2023 
     -  
     -  
     -  
     -  
     - 
  
    Janice K. Smith 
    2024 
     250,000  
     40,000(2) 
     163,438  
     11,600.00  
     465,038 
  
    Chief Operating Officer 
    2023 
     250,838  
     500  
        
     10,034  
     261,372 
  
    Mark Tubinis 
    2024 
     210,000  
        
     30,000  
     8,428  
     248,428 
  
    Chief Commercial Officer 
    2023 
     210,708  
     500  
     -  
     8,850  
     220,058