Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 1922

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 1922
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 2004, Mr. Lipman was an analyst in the mergers and acquisitions group at UBS Financial Services
Inc., responsible for formulating and executing on complex merger, acquisition, and financing strategies for Fortune 500 companies in
the industrial, consumer products, and healthcare sectors. Mr. Lipman currently serves on the board of directors of Denison Pharmaceuticals,
LLC, Advanced Disaster Recovery Inc., Totalstone, LLC, Harmattan Energy Limited and Capstone Therapeutics Corp. Mr. Lipman has a B.S.
in Business Administration from Babson College. Mr. Lipman brings 20 years of experience working with companies to establish growth strategies
and execute acquisitions, is proficient in reading and understanding financial statements, generally accepted accounting principles,
and internal controls as a direct result of his investment experience evaluating companies for potential investments and the management
of financial reporting and capital structure for three portfolio companies, as well as relevant experience in serving on other boards
of directors, which the Board believes qualifies him to serve as a director.

David
C. Michaels has served as a member of the Board since August 2013, as our Lead Independent Director from June 2016 until April 2023
and as our Chairman of the Board from January 2017 to January 2022. Mr. Michaels was selected as Interim Chief Financial Officer on April
24, 2023, and resigned from such position on April 8, 2024, upon the appointment of Mr. Tunison. Mr. Michaels served as the Chief Financial
Officer of the American Institute for Economic Research, Inc., an internationally-recognized economics research and education organization,
from October 2008 until his retirement in May 2018. Prior to that, Mr. Michaels served as Chief Financial Officer at Starfire Systems,
Inc. from December 2006 to September 2008. Mr. Michaels worked at Albany International Corp. from March 1987 to December 2006 as Vice
President, Treasury and Tax, and Chief Risk Officer. Mr. Michaels also worked at Veeco Instruments from May 1979 to March 1987 in various
roles including Controller and Tax Manager. Mr. Michaels is the Chairman of the board of directors and Chair of the Audit Committee of
Iverson Genetic Diagnostics, Inc. Mr. Michaels also serves as a member of the Board of Governors and Treasurer of the Country Club of
Troy. Mr. Michaels has a B.S. with dual majors in Accounting and Finance and a minor