Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 2380

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 11
Chunk 2380
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of whom have been determined by our board of directors to be “independent directors” within the meaning of Nasdaq Listing
Rule 5605(a)(2). For a discussion of certain considerations relating to transactions with affiliates of certain of these directors, see
“—Transactions with Related Persons – Transactions with Non-Employee Director Affiliates”, which is incorporated
by reference herein. For discussion of compensation and indemnification arrangements with our independent directors for services performed
as members of our board of directors, see Item 11. “Executive Compensation – Director Compensation” , which is
incorporated by reference herein.

Committees of the Board of Directors 

Our board of directors has established the Audit
Committee, the Compensation Committee, the Nominating and Corporate Governance Committee, and the Disclosure Controls and Procedures Committee,
each with its own charter approved by the board. Each committee’s charter is also available on our website at https://www.ir.stran.com.

In addition, our board of directors may, from
time to time, designate one or more additional committees, which shall have the duties and powers granted to it by the board.

76

Audit Committee 

Travis McCourt, Alejandro Tani, and Ashley Marshall,
each of whom has been determined by our board of directors to satisfy the “independence” requirements of Rule 10A-3 under
the Exchange Act and Nasdaq’s rules, serve on our Audit Committee, with Mr. McCourt serving as the chairman.  Our board has
determined that each of Mr. McCourt and Mr. Tani qualifies as an “audit committee financial expert” as defined by Item 407(d)(5)
of Regulation S-K. The Audit Committee oversees our accounting and financial reporting processes and the audits of the financial statements
of our company.

Compensation Committee 

Alan Chippindale, Travis McCourt and Alejandro
Tani, each of whom has been determined by our board of directors to satisfy the “independence” requirements of Rule 10C-1
under the Exchange Act and Nasdaq’s rules, serve on our Compensation Committee, with Mr. Chippindale serving as the chairman. The
members of the Compensation Committee are also “non-employee directors” within the meaning of Section 16 of the Exchange Act.
The Compensation Committee assists the board in reviewing and approving the compensation structure, including all forms of compensation,
relating to our directors and executive officers.

Nominating and Corporate Governance Committee

Alejandro Tani, Ashley Marshall