Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 612

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 612
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 a formal policy regarding the combination of the roles of Chairman of the board of directors
and Chief Executive Officer because the board of directors believes that it is in the best interests of the Company to have the flexibility
to determine, from time to time, whether the positions should be held by the same person or by separate persons. The board of directors
believes that it is currently in the best interest of our stockholders that the role of Chairman be held by Paul Vassilakos.

The
board of directors may reconsider this leadership structure from time to time based on the leadership needs of our board of directors
and the Company at any particular time. The Nominating and Corporate Governance Committee is expected to evaluate on an ongoing basis
whether the board of directors’ leadership structure is appropriate to effectively address the evolving needs of the Company’s
business and the long-term interests of our stockholders. The committee is expected to then makes recommendations to the board of directors
concerning the board of directors’ leadership structure, including whether the roles of Chairman and Chief Executive Officer should
be separated or combined.

Lead
Independent Director

Under
our Corporate Governance Guidelines, if the Chairman of the board of directors is not an independent director, as determined by the Nominating
and Governance Committee and the board of directors, the independent directors will annually appoint one independent director to be the
Lead Independent Director in accordance with the Director Nominating Agreement. Given that our Chairman will not be an independent director,
our independent directors have appointed Frank Jennings as our Lead Independent Director. The Lead Independent Director’s responsibilities
are to: (i) preside over executive sessions of the independent directors and at all meetings at which the Chairman of the board of directors
is not present; (ii) call meetings of the independent directors as he or she deems necessary; (iii) serve as a liaison between the Chairman
of the board of directors and the independent directors; (iv) propose agendas and schedules for board of directors meetings in consultation
with the Chairman of the board of directors; and (v) be available for consultation and communication if requested by stockholders.

Board’s
Role in Risk Oversight

Our
management is responsible for identifying risks facing our Company, including strategic, financial, operational, and regulatory risks,
implementing risk management policies and procedures and managing our day-to-day risk exposure. The board of directors is expected to
have overall responsibility for risk oversight, including, as part of regular board of directors and committee meetings, general oversight