Company: FOXX
Filing Date: 2025-12-01
Form Type: DEF 14A
Source: 0001213900-25-116456
Chunk: 23

Company: Foxx Development Holdings Inc.
Filing Date: 2025-12-01
Form: DEF 14A
Chunk 23
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 or relationship in which we or any of our subsidiaries was, is or will be a participant, the amount of which involved exceeds $120,000, and in which any related person had, has or will have a direct or indirect material interest. A “Related Person” means: •any person who is, or at any time during the applicable period was, one of our executive officers or a member of the Board; •any person who is known by us to be the beneficial owner of more than 5% of our voting stock; •any immediate family member of any of the foregoing persons, which means any child, stepchild, parent, stepparent, spouse, sibling, mother -in-law, father -in-law, daughter -in-law, brother -in-lawor sister -in-lawof a director, officer or a beneficial owner of more than 5% of our voting stock, and any person (other than a tenant or employee) sharing the household of such director, executive officer or beneficial owner of more than 5% of our voting stock; and 17 •any firm, corporation or other entity in which any of the foregoing persons is a partner or principal or in a similar position or in which such person has a 10% or greater beneficial ownership interest. We have policies and procedures designed to minimize potential conflicts of interest arising from any dealings it may have with its affiliates and to provide appropriate procedures for the disclosure of any real or potential conflicts of interest that may exist from time to time. Specifically, pursuant to its audit committee charter, the audit committee will have the responsibility to review related person transactions. Clawback Policy We have adopted a clawback policy that applies to our executive officers (the “Policy”) to comply with Nasdaq rules. The policy gives the Compensation Committee the discretion to require executive officers to reimburse us for any Erroneously Awarded Compensation (as defined in the Policy) that was based on financial results that were subsequently restated as a result of that person’s misconduct. Insider Trading Policy We have adopted an insider trading policygoverning the purchase, sale, and other dispositions of the registrant’s securities by directors, senior management, and employees. Our policy prohibits our executive officers and directors from (i) using any strategies or products (including derivative securities, such as put or call options, or short -sellingtechniques) to hedge against potential changes in the value of our stock and (ii) holding our stock in margin accounts or pledging our stock as collateral for a loan. Ind