Company: PMVC
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003340
Chunk: 620

Company: PMV Consumer Acquisition Corp.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 7
Chunk 620
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Zucchi is qualified to serve on our board of directors due to his business and board experience,
contacts and relationships.

P. Kasper Jakobsen has served as
a member of our Board of Directors since September 2020 and previously served as our Chief Executive Officer from our inception until
September 2022. Mr. Jakobsen previously served as chief executive officer and president of Mead Johnson Nutrition, a global consumer company
focused on infant and child nutrition, from 2013 until leading its sale to Reckitt Benkiser PLC in 2017. He was a Mead teammate for 19
years after previously serving for 8 years in various marketing roles at Unilever N.V., one of the largest and oldest global consumer
goods businesses, and has served as a director of SC Johnson, a leading U.S. based manufacturer of household cleaning products and products
for home storage, air care, pest control and shoe care, as well as professional products. Mr. Jakobsen holds a bachelor’s degree
in commerce from Auckland University in New Zealand. We believe Mr. Jakobsen is qualified to serve on our board of directors
due to his business experience and contacts and relationships.

Number and terms of office of officers and
directors

Our board of directors consists of four members
and each director shall hold office until the next annual meeting of stockholders.

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 such officers as it deems appropriate pursuant to our amended and restated certificate of incorporation.

27

Director Independence

An “independent director” is defined
generally as a person other than an officer or employee of the company or its subsidiaries or any other individual having a relationship,
which, in the opinion of the company’s board of directors, would interfere with the director’s exercise of independent judgment
in carrying out the responsibilities of a director. We have determined that Susan V. Watson and Daniel E. Zucchi are independent
directors. Our independent directors hold regularly scheduled meetings at which only independent directors are present.

Any affiliated transactions will be on terms no
less favorable to us than could be obtained from independent parties. Our board of directors will review and approve all affiliated transactions
with any interested director abstaining from such review and approval.

Committees of the Board of Directors

We have three standing committees: an audit