Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 1222

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 2
Chunk 1222
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2.1B sell-side transaction to Royal Philips in 2021. Mr. Goodman also has extensive executive sales
experience, serving as SVP, Sales & Marketing of Cardiocore (later acquired by BioTelemetry) from 2008-2017 and as Thermo Fisher’s
Senior Director, Head of Sales & Marketing from 2007-2008.

Our
Board of Directors believes that Mr. Goodman’s strategic insight and commercial acumen have consistently delivered value across the healthcare
and life sciences sectors, and provide him with the qualifications and skills to serve as a director.

86

Term of Office of Directors

Our directors are elected at each
annual meeting of stockholders and serve until their successors are elected and qualified at the next annual meeting of stockholders,
or until their prior death, resignation or removal.

Family Relationships

There are no family relationships
among any of our current or former directors or executive officers.

Involvement in Certain Legal Proceedings

Erick J. Lucera was the Chief
Financial Officer of Valeritas Holdings, Inc. until January 3, 2020. On February 9, 2020, Valeritas Holdings, Inc. filed a voluntary petition
for bankruptcy protection under Chapter 11 of Title 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District
of Delaware in order to facilitate its sale to a Denmark-based biotechnology company. The plan of liquidation was approved on June 8,
2020 and became effective on June 30, 2020.

Except as set forth above, none
of our directors, executive officers, significant employees, promoters or control persons has been involved in any legal proceeding in
the past ten years that would require disclosure under Item 401(f) of Regulation S-K promulgated under the Securities Act.

Delinquent Section 16(a) Reports

Section 16(a) of Exchange Act
requires our directors, executive officers and persons who own more than 10% of our outstanding shares of common stock (“Ten Percent
Holders”) to file with the SEC reports of their share ownership and changes in their share ownership of our common stock. Directors,
executive officers and ten percent holders are also required to furnish us with copies of all ownership reports they file with the SEC.
To our knowledge, based solely on a review of the copies of such reports furnished to us, the following directors, executive officers
and 10% holders did not comply with all Section 16(a