Company: AIRJW
Filing Date: 2025-04-16
Form Type: DEF 14A
Source: 0000950170-25-054710
Chunk: 16

Company: AirJoule Technologies Corp.
Filing Date: 2025-04-16
Form: DEF 14A
Chunk 16
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| Paul Dabbar, Chair      |
| Ajay Agrawal            |
| J. Kyle Derham          |

CORPORATE GOVERNANCE Independence of the Board of Directors Nasdaq listing standards require that a majority of our Board be independent. An “independent director” is defined generally as a person other than an officer or employee of the company or its subsidiaries or any other individual having a relationship which, in the opinion of the company’s Board of Directors, would interfere with the director’s exercise of independent judgment in carrying out the responsibilities of a director. As a result of the Class A common stock being listed on the Nasdaq, the Company is required to comply with the applicable rules of such exchange in determining whether members of the Board are independent. The Board has determined that Dr. Zaatari and Messrs. Baucus, Dabbar, Agrawal and Derham are “independent directors” as defined in the Nasdaq listing standards and applicable SEC rules. Our independent directors have regularly scheduled meetings at which only independent directors are present. Lead Independent Director Our Corporate Governance Guidelines provide that, if the Chairman of the Board is a member of management or does not otherwise qualify as independent, the independent directors may elect a Lead Independent Director. In March 2025, the independent directors elected Mr. Derham to serve as the Board’s Lead Independent Director. The Lead Independent Director’s responsibilities include, but are not limited to: (i) presiding over all meetings of our Board at which the Chairman of the Board is not present, including any executive sessions of the independent directors; (ii) approving Board meeting schedules and agendas; and (iii) acting as the liaison between the independent directors and the Chief Executive Officer and Chairman of the Board. Board Committees Our Board directs the management of our business and affairs, as provided by Delaware law, and conducts its business through meetings of the Board and standing committees. We have a standing Audit Committee, Nominating and Corporate Governance Committee and Compensation Committee. In addition, from time to time, special committees may be established under the direction of the Board when necessary to address specific issues. During 2024, the Board held seven meetings, the Audit Committee held six meetings, the Compensation Committee held eight meetings, and the Nominating and Corporate Governance Committee held one meeting. During 2024, each of the Company’s directors attended at least 75% of the Board meetings and the meetings of the committees on which that director served.

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