Company: MMTIF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001062993-25-003888
Chunk: 34

Company: MICROMEM TECHNOLOGIES INC
Filing Date: 2025-02-28
Form: 20-F
Item: Item 6
Chunk 34
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 to ensure timely and accurate disclosure of all relevant information in accordance with the various securities regulations. Our Disclosure Committee includes Joseph Fuda, the Company's CEO, and Alex Dey, an outside director.

D. Employees

We have three employees, one of which serves in a management capacity and two of which serve in an administrative capacity. This includes Mr. Fuda, the Chief Executive Officer and President, and two support staff, all of whom work from our executive offices in Toronto, Canada. Mr. Amadori, our CFO, provides services through his management company. All research and development is outsourced to third parties. We consider our relations with our employees to be satisfactory. Our Controller resigned in February 2023 and has been replaced through a third-party service provider.

E. Share Ownership

  NAME                           COMMON      OPTIONS HELD      OPTION        OPTION          % OF         
                                 SHARES                        EXERCISE      EXPIRATION      TOTAL 2      
                                OWNED 1                        PRICE         DATE                         
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────
  Joseph Fuda                 2,074,335      1,500,000         $0.05         11/13/2025      0.75%        
  Dan Amadori               1,123,857 3      1,500,000         $0.05         11/13/2025      0.59%        
  Oliver Nepomuceno           1,078,572      500,000           $0.05         11/13/2025      0.35%        
  Alex Dey                      899,795      500,000           $0.05         11/13/2025      0.32%        

1. Common shares beneficially owned as of the date of this Annual Report.

2. Calculated based on common shares owned plus options held as a percentage total of common shares outstanding as of the date of this Annual Report, plus options held.

3.215,716 common shares are held by a corporation controlled by Mr. Amadori.

4.254,863 common shares are held by a corporation wholly owned by Mr. Dey.

We do not have any arrangements involving the employees in the capital of the Company, except for the grant of stock options pursuant to our 2020 Stock Option Plan, as amended and approved by our shareholders on September 8, 2020, at the discretion of