Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 1532

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 1532
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 gas pipeline company, the Vice-Chairman of
the board of directors of New York Transco, an electric transmission company, and a member of the board of directors of Community Offshore
Wind, a clean energy joint venture of RWE AG and National Grid. Mr. Hazelip began his career as an Area Director for CWL Investments,
LLC, a Michigan investor group that owns and operates restaurant franchises including Jimmy John’s Gourmet Sandwich Shops. Mr.
Hazelip earned a B.A. from Emory University and an I.M.B.A. from the Darla Moore School of Business at the University of South Carolina.
Mr. Hazelip is an accomplished leader in the energy industry, with deep experience in utility project development, financing, regulation,
and operations, which the Board believes, particularly in light of the Company’s involvement with the renewable energy sector as
it relates to their cryptocurrency mining subsidiary, qualifies him to serve as a director.

65

Thomas
J. Marusak has served as a member of the Board since December 2004. Additionally, Mr. Marusak served as a member of the board of
directors of our former subsidiary, MTI Instruments, Inc., since April 2011, and has served as a member of the board of directors of
our subsidiary, SCI, since January 2020. From 1986 to 2023, Mr. Marusak served as President of Comfortex Corporation, a manufacturer
of window blinds and specialty shades. Mr. Marusak was a member of the Advisory Board of Directors for Key Bank of New York from 1996
through 2004 and served on the board of directors of the New York Energy Research and Development Authority from 1998 through 2006. From
2011 to 2019, Mr. Marusak served as a member of the board of directors of the Capital District Physician’s Health Plan, Inc., where
he had served as a member of the board of the director’s Finance, Compensation, Audit, Investment, and Executive Committees. Additionally,
Mr. Marusak has served as a member of the board of directors for the following entities in the course of his professional career: Center
for Economic Growth (past Chair), Dynabil Corp. (Advisory Board), and the Albany Chamber of Commerce (Executive Board). Mr. Marusak received
a B.S. in Engineering from Pennsylvania State University and an M.S. in Engineering from Stanford University. Mr. Marusak