Company: BSAI
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001096906-25-000357
Chunk: 542

Company: BLUSKY AI INC.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1C
Chunk 542
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ii) encourage executives to manage from the perspective of owners with an equity stake in us.

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Compensation Table for Executives

Name and Principal Position Year  Salary  Bonus  Stock Awards  Option Awards  Non-equity Incentive Plan Compensation  Non-qualified Deferred Compensation Earnings  All Other Compensation  Total        ($)   ($)   ($)   ($)   ($)   ($)   ($)   ($) Trent D’Ambrosio, Chief Executive Officer, Chief Financial Officer,  2024   300,000   -   -   -   -   -   -    300,000  President, Secretary, and Director  2023   300,000   -   -   -   -   -   -    300,000                                       Whit Cluff,  2024   -   -   -   -   -   -   -    -  Director  2023   -   -   -   -   -   -   -    -  

(1)Mr. D’ambrosi’s employment agreement compensates him $300,000 per year. However, the Company didn’t pay him that full amount during the fiscal years ended December 31, 2024 and 2023. For the years ended December 31, 2024 and 2023, he was paid $0 and $175,000, respectively. The Company also recorded $300,000 and $125,000 as deferred salaries payable for the fiscal years ended December 31, 2024 and 2023, respectively.

Employment Agreements

The Company has an employment agreement with its chief executive officer, Trent D’Ambrosio. The employment agreement was effective as of April 1, 2019 and provides for compensation of $300,000 annually. This agreement is effective for 60 months. Additionally, the employment agreement provides for benefits and an optional annual bonus to be determined by the Board of Directors.

Outstanding Equity Awards at Fiscal Year-End

None.

Compensation of Directors

We have no formal plan for compensating our directors for their services. We have no formal plan to compensating our directors in the future in their capacity as directors, although