Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 722

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 9C
Chunk 722
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 understands that it is possible that
the compensation payable to our named executive officers will exceed the $1.0 million limit under Section 162(m). We believe that in
establishing the cash and equity incentive compensation programs for our named executive officers, the potential deductibility of the
compensation payable under those programs should be only one of a number of relevant factors taken into consideration, and not the sole
governing factor. For that reason, we may deem it appropriate to provide one or more named executive officers with the opportunity to
earn incentive compensation, whether through annual cash incentive programs tied to our financial performance or through equity awards,
which together with base salary in the aggregate may be in excess of the amount deductible by reason of Section 162(m) or other provisions
of the Internal Revenue Code. We believe it is important to maintain cash and equity incentive compensation at the levels needed to attract
and retain the named executive officers essential to our success, even if all or part of that compensation may not be deductible by reason
of the Section 162(m) limitation.

The
compensation that we pay to the named executive officers is reflected in our consolidated financial statements as required by GAAP. The
Board considers the financial impact, along with other factors, in determining the amount and form of compensation provided to executives.
We account for stock-based compensation in accordance with the requirements of FASB ASC Topic 718.

Summary
Compensation Table

The
following information presents the compensation paid to Randall F. Pearson, our Named Executive Officer, in Fiscal Year 2025, and 2024.

    Name and Principal Position 
    Year  
    Salary
                                                                                ($)  
    Bonus  ($)  
    Stock Awards ($)  
    Option Awards ($)  
    Non-Equity Incentive Plan Compensation
    ($)  
    All
                                            Other  Compensation  ($)  
    Total ($) 

    Randall F. Pearson 
     2025  
     136,900  
     —  
     —  
     —  
     —  
     —  
     136,900 
  
    President, Principal Executive Officer and Principal Financial Officer 
     2024  
     136,900  
     —  
     —  
     —  
     —  
     —  
     136,900 

36

ITEM
12: SECURITY OWNERSHIP OF CERTAIN BENEF