Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 760

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 11
Chunk 760
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success. To attain our executive compensation objectives and implement the underlying compensation principles, we follow the procedures
described below.

Role
of the Board. The Board has responsibility for establishing and monitoring our executive compensation programs and for making decisions
regarding the compensation of Randall F. Pearson, our Named Executive Officer. The Board sets the compensation package of the Named Executive
Officers.

The
Board relies on its judgment in making compensation decisions after reviewing our performance and evaluating our executives’ leadership
abilities and responsibilities with our Company and their current compensation arrangements. The Board’s assessment process is
designed to be flexible to better respond to the evolving business environment and individual circumstances. The last Annual Meeting
of Stockholders was held in 2016.

Role
of Compensation Consultant. We have not engaged a compensation consultant.

Elements
of Compensation

Our
executive compensation objectives and principles are implemented through the use of the following elements of compensation, each discussed
more fully below:

    ●
    Base
    Salary

    ●
    Annual
    Incentive Bonuses

    ●
    Stock-Based
    Compensation

    ●
    Other
    Benefits

Base
Salary. The Board approved the salaries of all our executive officers for Fiscal Year 2025. Base salaries are offered to ensure that
our executive officers receive an ongoing level of compensation. Salary decisions concerning these officers were based upon a variety
of considerations consistent with the compensation philosophy stated above. First, salaries were competitively set relative to both other
companies in our industry and other comparable companies. The Board considered each officer’s level of responsibility and individual
performance, including an assessment of the person’s overall value to the Company. In addition, internal equity among employees
was factored into the decision. Finally, the Board considered our financial performance and our ability to absorb any increases in salaries.

35

Annual
Incentive Bonuses. Annual incentive bonuses are designed to reward extraordinary performance by our executives. For Fiscal Year 2025,
the Board did not precisely define the parameters of a bonus program for the Named Executive Officer, and no bonuses were awarded to
the Named Executive Office.

Stock-Based
Compensation. Each Named Executive Officer or Director is eligible to receive stock-based compensation. Stock-based compensation
is designed to more closely align the interests of management with those of our stockholders. We do not have any securities authorized
for issuance under an equity compensation plan, or any policies for allocating compensation between long-term and currently paid out
compensation or between