Company: EQS
Filing Date: 2025-05-12
Form Type: DEF 14A
Source: 0001712543-25-000028
Chunk: 25

Company: EQUUS TOTAL RETURN, INC.
Filing Date: 2025-05-12
Form: DEF 14A
Chunk 25
---
 the Company since June 2011; Executive Chairman of the Company from June 2010 to June 2011; Director of the Company since May 2010;  Mr. Hardy has had extensive experience in the insurance, finance and banking sectors, as well as mergers and acquisitions and litigation and resolution of multi-jurisdictional disputes practicing as a Barrister from 1978-2002. Mr. Hardy was also an adjunct Professor lecturing in insurance law at the University of British Columbia from 1984-2000. |
| L’Sheryl D. Hudson     
 700 Louisiana Street   
 41st Floor             
 Houston, Texas 77002   
 Age: 60                | Sr. Vice President, CFO, and Treasurer | Indefinite term; Vice President, CFO, and Treasurer since 2006. | Senior Vice President, Chief Financial Officer, and Treasurer since November 2006; Chief Compliance Officer of the Company from November 2006 to July 2011.  Ms. Hudson served as Associate Director of WestLB Asset Management (US), LLC from 2002 to 2006.                                                                                                                                                                                                                                                                |
| Kenneth I. Denos       
 700 Louisiana Street   
 41st Floor             
 Houston, Texas 77002   
 Age: 57                | Secretary and CCO                      | Indefinite term;  Secretary since 2010; CCO since 2011.         | Secretary of the Company since 2010.  Chief Compliance Officer of the Company since July 2011. President of Kenneth I. Denos, P.C. since January 2000; Interim CEO of Tingo Group, Inc. from September 2023 to September 2024; General Counsel, director, and head of M&A for Tersus Energy plc (LSE: TER) in 2005-06; General Counsel, director, and head of M&A for Healthcare Enterprise Group (LSE: HEG) from 2003-2005; Principal of Outsize Capital Ltd. (investment and advisory) since July 2019.                   |

There are no arrangements or understandings between
any of the executive officers and any other person pursuant to which any of such officers was or is to be selected as an officer.

| 20 |

Executive Compensation Agreements

John A. Hardy. Effective September 1, 2020,
Equus entered into an agreement with John Hardy, the Company’s Chief Executive Officer. The agreement provides for base compensation
of $