Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 639

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 639
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 to our operations, plans, prospects or reputation, is supplemented by the various
committees. The Audit Committee discusses with management and our independent registered public accounting firm our risk management guidelines
and policies, our major financial risk exposures and the steps taken to monitor and control such exposures. Our Compensation Committee
oversees risks related to our compensation programs and discusses with management its annual assessment of our employee compensation
policies and programs. Our Governance Committee oversees risks related to corporate governance and management and director succession
planning.

Board
Leadership Structure

Our
Board does not have a policy regarding the separation of the roles of Chief Executive Officer and Chairman of the Board, as our Board
believes it is in the best interest of the Company to make that determination based on the position and direction of the Company and
the membership of the Board.

Our
Board has determined that having an employee director serve as Chairman is in the best interest of our stockholders at this time because
of the efficiencies achieved in having the role of Chief Executive Officer and Chairman combined, and because the detailed knowledge
of our day-to-day operations and business that the Chief Executive Officer possesses greatly enhances the decision-making processes
of our board of directors as a whole.

The
Chairman of the Board and the other members of the Board work in concert to provide oversight of our management and affairs. Our Board
encourages communication among its members and between management and the Board to facilitate productive working relationships. Working
with the other members of the Board, our Chairman also strives to ensure that there is an appropriate balance and focus among key board
responsibilities such as strategic development, review of operations and risk oversight.

Delinquent Section
16(a) Reports

Section
16(a) of the Exchange Act requires our directors, executive officers and persons who own more than 10% of a registered class of our equity
securities to file with the SEC initial reports of ownership and reports of changes in ownership of common stock and other equity securities
of ours. Directors, executive officers and greater than 10% holders are required by SEC regulation to furnish us with copies of all Section
16(a) reports they file. Based solely on our review of Forms 3 and 4 filed during 2024 (and any written representations to us by such
persons), we believe that all directors, executive officers and 10% stockholders complied with all applicable Section 16(a) filing requirements
during 2024, with the exception of one Form 4 filed late