Company: DERM
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001104659-25-041214
Chunk: 21

Company: Journey Medical Corp
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 21
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 relationships that may reasonably be thought to bear on their independence, and assessing and otherwise taking the appropriate action to oversee the independence of our independent auditor; • reviewing our annual and quarterly financial statements and reports, including the disclosures contained under the caption “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and discussing the statements and reports with our independent auditors and management; • reviewing, with our independent auditors and management, significant issues that arise regarding accounting principles and financial statement presentation and matters concerning the scope, adequacy and effectiveness of our financial controls; • reviewing with management and our independent auditors any earnings announcements and other public announcements regarding material developments; • establishing procedures for the receipt, retention and treatment of complaints received by us regarding financial controls, accounting or auditing matters and other matters; • preparing the report of the Audit Committee, found on page 15of this proxy statement; • reviewing and providing oversight of any related-person transactions in accordance with our related- person transaction policy and reviewing and monitoring compliance with legal and regulatory responsibilities, including our code of business conduct and ethics; • reviewing our major financial risk exposures, including the guidelines and policies to govern the process by which risk assessment and risk management are implemented; • reviewing on a periodic basis our investment policy; and • reviewing and evaluating on an annual basis the performance of the Audit Committee and the Audit Committee charter. Compensation Committee Our Compensation Committee consists of Justin Smith, Michael Pearce and Neil Herskowitz, with Justin Smith serving as chair. The Compensation Committee held two meetings during the fiscal year ended December 31, 2024. The duties and responsibilities of the Compensation Committee are set forth in the 10 TABLE OF CONTENTS Charter of the Compensation Committee. A copy of the Charter of the Compensation Committee is available on our website, located at www.journeymedicalcorp.com, and is reviewed annually by the Compensation Committee. Our Board has determined that each of the members of our Compensation Committee is a non-employee director, as defined in Rule 16b-3 promulgated under the Exchange Act, and satisfies the Nasdaq independence requirements. The functions of the Compensation Committee include, among other things: • reviewing and approving our philosophy, policies and plans with respect to the compensation of our chief executive officer; • making recommendations to our Board with respect to the compensation of our chief executive officer and our other executive officers; • reviewing and assessing the independence of compensation advisors; • overseeing and administering our equity incentive plans; • reviewing and making recommendations to our Board with respect to director compensation