Company: KWIK
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002055
Chunk: 369

Company: KwikClick, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 369
---
 our common stock and other equity securities, on Form 3, 4 and 5 respectively. Executive officers, directors
and greater than 10% shareholders are required by the Securities and Exchange Commission regulations to furnish our company with copies
of all Section 16(a) reports they file.

Board Committee

In May 2023, the Board reorganized its Audit Committee,
Governance Committee and Compensation Committee. The Audit Committee consists of independent director and Committee Chair Jeff Roberts
and Jeffrey Yates, KWIK Chief Financial Officer. The Governance Committee consists of directors Committee Chair Jeffrey Yates and Fred
Cooper, KWIK Chairman, Chief Executive Officer and President. The Compensation Committee consists of Committee Chair Brady Cooper and
independent director Robert Green. The committees have not yet adopted formal charters. The Company has yet to form a Nominating Committee.
As the Company’s business expands, the directors will evaluate the necessity of forming additional committees and increasing the
activities of the Audit and Compensation Committees.

Code of Ethics

The Company has adopted a code of ethics to apply
to its directors, executive officers, and employees The Code of Ethics outlines principles that guide Company decision-making and behavior
in all business dealings by complying with all applicable laws, regulations and industry standards in the countries where KWIK operates.
Employees, executives, and board members must act honestly and ethically, avoiding any conduct that could compromise KWIK’s reputation
or legal standing. KWIK does not tolerate discrimination, harassment, or retaliation in any form. KWIK strictly prohibits bribery, kickbacks,
and any form of corruption, and complies with all applicable anti-bribery and anti-corruption laws, including the U.S. Foreign Corrupt
Practices Act (FCPA). The Company has established a confidential reporting system, with access directly to the Audit Committee of the
Board of Directors, to address concerns related to ethical violations, compliance breaches, or misconduct. KWIK prohibits retaliation
against individuals who raise ethical concerns in good faith.

 32 

ITEM 11.  EXECUTIVE COMPENSATION

Summary Compensation Table

Set forth below is information for the fiscal years
indicated relating to the compensation of each person who served as our principal executive officer (the “Named Executive Officer”)
during the past two fiscal years.

    Year 
    Salary ($) 
    Bonus ($) 
    Stock Awards ($) 
    Option Awards ($) 
    Non-Equity Incentive Plan Compensation
    ($) 
    Non-Qualified Deferred Compensation Earnings