Company: CPSH
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001437749-25-008032
Chunk: 18

Company: CPS TECHNOLOGIES CORP/DE/
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 18
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against the box”; or |

| ● | purchases or sales of puts, calls or other derivative securities based on the Company’s securities. |

The Company also maintains an Insider Trading Policy, which is designed to promote Company compliance with applicable insider trading laws, rules and regulations and any applicable Nasdaq listing standards.[KH1]

Code of Ethics

The Company has adopted the CPS Code of Conduct, which applies to all directors, officers (including the principal executive officer, principal financial officer and treasurer) and employees. A copy of this code can be found on the Company’s website at https://cpstechnologysolutions.com/investor-overview/.

Delinquent Section 16(a) Reports

Section 16(a) of the Exchange Act requires our directors, executive officers and beneficial owners of more than 10% of our Common Stock to file with the Commission initial reports of ownership and reports of changes in ownership of our securities. Based solely upon a review of these filings, all Section 16(a) filing requirements applicable to such persons were complied with during 2024 on a timely basis with the following exceptions. Dr. Snow’s form 4 was due to be filed on March 14, 2024, but was not filed until March 19, 2024. Due to delays in the initial acquisition of his CIK code, Mr. Cavoli’s form 3, due on December 13, 2024 was filed on December 19, 2024 and his form 4, due on December 11, 2024 was filed on December 19, 2024.

REPORT OF THE AUDIT COMMITTEE

Our Audit Committee consists of four independent members of the Board as defined in the rules and regulations of Nasdaq, including Listing Rule 5605.

The primary purpose of the Audit Committee is to assist the Board in fulfilling its responsibility to oversee management’s conduct of the Company’s financial reporting processes, including the process of preparing the financial reports and other financial information CPS provides to any governmental or regulatory body, the public or other users thereof; reviewing the Company’s systems of internal accounting and financial controls; overseeing the annual independent audit of the Company’s financial statements; and assessing the Company’s legal compliance and ethics programs as established by management and the Board. Management is responsible for the preparation, presentation, and integrity of our financial statements, accounting and financial reporting principles, internal controls, and procedures designed to ensure compliance with accounting standards and applicable laws and regulations. The independent auditor is responsible for auditing our financial statements and