Company: NHICW
Filing Date: 2025-01-17
Form Type: S-1/A
Source: 0001213900-25-004337
Chunk: 249

Company: NewHold Investment Corp. III
Filing Date: 2025-01-17
Form: S-1/A
Chunk 249
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 shares. In accordance with Nasdaq corporate governance requirements, we are not required to hold an annual general meeting until one year after our first fiscal year end following our listing on Nasdaq. The term of office of the first class of directors, which will consist of Charlie Baynes -Reidand Brian Mathis will expire at our first annual general meeting. The term of office of the second class of directors, which will consist of Suzy Taherian and Scott Scharfman, will expire at the second annual general meeting. The term of office of the third class of directors, which will consist of Phil Horlock, Thomas Sullivan, Matt Yerbic will expire at the third annual general meeting. Our officers are appointed by the board of directors and serve at the discretion of the board of directors, rather than for specific terms of office. Our board of directors is authorized to appoint officers as it deems appropriate pursuant to our amended and restated memorandum and articles of association. Director Independence Nasdaq rules require that a majority of our board of directors be independent within one year of our initial public offering. An “independent director” is defined generally as a person who, in the opinion of the company’s board of directors, has no material relationship with the listed company (either directly or as a partner, shareholder or officer of an organization that has a relationship with the company). Upon the commencement of the trading of our units on Nasdaq, we expect to have four “independent directors” as defined in Nasdaq rules and applicable SEC rules prior to completion of this offering. Our board of directors expects to determine that Thomas Sullivan, Phil Horlock, Suzy Teharian, Brian Mathis, Scott Scharfman, and Matt Yerbic are “independent directors” as defined in Nasdaq listing standards and applicable SEC rules. Our independent directors will have regularly scheduled meetings at which only independent directors are present. Executive Officer and Director Compensation We have entered into an Administrative Services Agreement pursuant to which we have agreed to pay our sponsor $40,000 per month for the services provided by Polly Schneck, our Chief Financial Officer and Samy Hammad, our President and Chief Operating Officer, in forming the Company and their services as officers of the Company, starting in August 2024. On a monthly basis, Mr.Hammad and Ms. Schneck will each receive compensation from the sponsor on a current basis, which will be paid out of the Administrative Services Fee, for their services as officers of the Company. For such services, Mr.H