Company: TOMZ
Filing Date: 2025-09-30
Form Type: DEF 14A
Source: 0001654954-25-011258
Chunk: 20

Company: TOMI Environmental Solutions, Inc.
Filing Date: 2025-09-30
Form: DEF 14A
Chunk 20
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 We are required to comply with the applicable Nasdaq listing standards as noted below.

Independence of the Board

As required by the listing requirements and rules of Nasdaq, a majority of the members of the Board must qualify as “independent,” as affirmatively determined by the Board. The Board annually reviews all relevant business relationships that any director or director nominee may have with us, our affiliates, and other companies. The Board also considers significant non-business relationships disclosed to us. As a result of its annual review and based upon information requested from and provided by each director and director nominee concerning his or her background, employment and affiliations, including family and other relationships, the Board has affirmatively determined in 2025 that each of Messrs. Fragasso, Paul, and Dr. Lim do not have any relationships that would interfere with the exercise of independent judgment in carrying out the responsibilities of a director and that each of these directors is “independent” as that term is defined under the applicable the rules of the SEC and the listing standards of Nasdaq and any other applicable laws or regulations.

In making these determinations, the Board considered the current and prior relationships that each non-employee director and director nominee, or any of his or her family members, has with us, our management and our independent auditors, and all other facts and circumstances deemed relevant in determining their independence, including any relationships described under the heading “Certain Relationships and Related Transactions-Transactions with Related Persons.”

In determining the independence of Mr. Paul, the Board considered that Mr. Paul provides advisory legal services to the Company pursuant to a legal services agreement with Harold Paul, LLC, a limited liability company of which Mr. Paul is the sole member. In exchange for Mr. Paul’s services, the Company paid Harold Paul, LLC approximately $93,750 during 2024.

Meetings of the Board

During the fiscal year ended December 31, 2024, the Board met 4 times and took action by unanimous written consent 2 times. Each incumbent director serving during the fiscal year ended December 31, 2024, attended at least 100% of all Board and applicable committee meetings during the period that he or she served as a director.

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We make every effort to schedule our annual meeting of shareholders at a time and date to maximize attendance by directors, taking into account our directors’ schedules. All directors are strongly encouraged to make every effort to attend our annual meeting of shareholders, absent an unavoidable and irreconcilable conflict. All of