Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 398

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 398
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 in several public and private companies in executive
finance roles.

Uri Ben-Or, Mr. Uri Ben-Or, 53, is an accomplished
CPA and has been CFO of several publicly held companies. Mr. Ben-Or brings over 25 years of broad experience in corporate finance, accounting,
M&A transactions, IPO’s and operations of public companies on the TASE, Nasdaq & NYSE. Mr. Ben-Or earned his BA in Accounting,
College of Management, 1996, and Executive MBA from Bar Ilan University, 2004.

Tal Wilk-Glazer,
49, became CEO of Sativus Tech’s subsidiary, Saffron Tech, in December 2021. In that short amount of time, she successfully established
the company’s first operating R&D facility in southern Israel. On April 4, 2022, the Company announced the appointment of Mrs.
Tal Wilk-Glazer to its Board of Directors and as CEO of the Company. Tal Wil-Glazer resigned her position on 28th October, 2024.

Board of Directors

The minimum number of directors we are authorized
to have is one, and although we anticipate appointing additional directors in the near future, as of the date hereof we have one director.
Directors on our Board of Directors are elected for one-year terms and serve until the next annual security holders’ meeting or
until their death, resignation, retirement, removal, disqualification, or until a successor has been elected and qualified. All officers
are appointed annually by the Board of Directors and serve at the discretion of the Board. Currently, directors receive no compensation
for their services on our Board. During the next year we intend to strengthen our Board of Directors by expanding it and recruiting world
class Key Members.

Committees of the Board

All proceedings of the board of directors for
the fiscal year ended December 31, 2024, were conducted by resolutions consented to in writing by our board of directors and filed with
the minutes of the proceedings of our board of directors. Our company currently does not have nominating, compensation or audit committees
or committees performing similar functions nor does our company have a written nominating, compensation or audit committee charter. Our
board of directors does not believe that it is necessary to have such committees because it believes that the functions of such committees
can be adequately performed by the board of directors.

 14 

The Company does not have any defined policy or