Company: INTG
Filing Date: 2025-09-30
Form Type: 10-K
Source: 0001493152-25-016154
Chunk: 342

Company: INTERGROUP CORP
Filing Date: 2025-09-30
Form: 10-K
Item: Item 9A
Chunk 342
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,
California 90025. The Company will promptly disclose any amendments or waivers on Form 8-K.

BOARD
AND COMMITTEE INFORMATION

InterGroup’s
common stock is listed on the NASDAQ Capital Market tier of the NASDAQ Stock Market, LLC (“NASDAQ”). InterGroup is a Smaller
Reporting Company under the rules and regulations of the Securities and Exchange Commission (“SEC”). With the exception of
the Company’s President and CEO, John V. Winfield, all of InterGroup’s Board of Directors consists of “independent”
directors as independence is defined by the applicable rules of the SEC and NASDAQ.

70

Nominating
Committee

The
Company’s Nominating Committee is comprised of two “independent” directors: Directors Love and Murphy as independence
is defined by the applicable rules of the SEC and NASDAQ. The Company has not established a charter for the Nominating Committee, and
the Committee has no policy with regard to consideration of any director candidates recommended by security holders. As a smaller reporting
company whose directors own in excess of sixty percent of the voting shares of the Company, InterGroup has not deemed it appropriate
to institute such a policy. There have not been any material changes to the procedures by which security holders may recommend nominees
to the Company’s board of directors.

Audit
Committee and Audit Committee Financial Expert

The
Company is a Smaller Reporting Company under SEC rules and regulations. The Company’s Audit Committee is currently comprised of
three members: Directors Nance (Chairperson), Grundwald and Love, each of whom meets the independence requirements of the SEC and NASDAQ
as modified or supplemented from time to time. The Company’s Board of Directors has determined that Directors Nance and Love also
meet the Audit Committee Financial Expert requirement as defined by the SEC based on their qualifications and business experience discussed
above in this Item 10.

Compensation
Committee

The
Company’s Compensation Committee (the “Compensation Committee”) is comprised of three “independent” members
of the Board of Directors as independence is defined by the applicable rules of the SEC and NASDAQ. The Compensation Committee is comprised
of Directors Nance (Chairperson), Love, and Muphy. The Company has not established a charter for the Compensation Committee. The Compensation
Committee reviews and recommends to the Board of Directors the compensation for the Company’s Chief Executive Officer and other
executive officers, including equity or performance-based compensation and plans. The Compensation Committee seeks to design