Company: TMCWW
Filing Date: 2025-07-08
Form Type: PRE 14A
Source: 0001104659-25-066460
Chunk: 34

Company: TMC the metals Co Inc.
Filing Date: 2025-07-08
Form: PRE 14A
Chunk 34
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 Chairperson; Sustainability and Innovation Committee), Brendan May (Sustainability and Innovation Committee Chairperson) and Alex Spiro. Six of the ten members of the board of directors are “independent” as that term is defined under the applicable rules and regulations of the SEC and the listing requirements and rules of the Nasdaq: Messrs. Greig, Hall, Karkar, Madsbjerg and May and Ms. Khama. Amelia Kinahoi Siamomua, whom served on the Sustainability and Innovation Committee, was not up for re-election at the 2025 annual meeting of shareholders held on May 29, 2025 and her term as a director ended on the date of the 2025 annual meeting. Non-Employee Director Compensation Policy On September 9, 2021, we adopted a non-employee director compensation policy. Pursuant to the policy, the annual cash retainer for non-employee directors is $90,000. Annual cash retainers for committee membership are as follows:

| Position                                                  | ​ | ​ | Retainer |   |        |   | ​ |
|:----------------------------------------------------------|:--|:--|:---------|:--|-------:|:--|:--|
| Lead independent director                                 | ​ | ​ | ​        | $ | 30,000 | ​ | ​ |
| Audit committee chairperson                               | ​ | ​ | ​        | $ | 22,500 | ​ | ​ |
| Audit committee member                                    | ​ | ​ | ​        | $ |  7,500 | ​ | ​ |
| Compensation committee chairperson                        | ​ | ​ | ​        | $ | 15,000 | ​ | ​ |
| Compensation committee member                             | ​ | ​ | ​        | $ |  5,000 | ​ | ​ |
| Nominating and corporate governance committee chairperson | ​ | ​ | ​        | $ | 15,000 | ​ | ​ |
| Nominating and corporate governance committee member      | ​ | ​ | ​        | $ |  5,000 | ​ | ​ |
| Sustainability and innovation committee chairperson       | ​ | ​ | ​        | $ | 15,000 | ​ | ​ |
| Sustainability and innovation committee member            | ​ | ​ | ​        | $ |  5,000 | ​ | ​ |

These fees are payable in arrears in quarterly installments as soon as practicable following the last business day of each fiscal