Company: BNBX
Filing Date: 2025-04-04
Form Type: PRE 14A
Source: 0001104659-25-032262
Chunk: 56

Company: BNB PLUS CORP.
Filing Date: 2025-04-04
Form: PRE 14A
Chunk 56
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 is commonly referred to as “say-on-pay,” is required under Section 14A of the Exchange Act, which was added by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. As indicated in this Proxy Statement under the heading “Executive Compensation,” our “named executive officers” for the most recently completed fiscal year consist of (i) James Hayward, our President and Chief Executive Officer, (ii) Beth Jantzen, our Chief Financial Officer, (iii) Judith Murrah, our Chief Information Officer and Secretary, and (iv) Clay Shorrock, our Chief Legal Officer and Executive Director of Business Development. On December 17, 2024, the Company announced that Ms. Murrah was named the President of the Company and Dr. Hayward stepped down as President of the Company, effective on December 13, 2024. Concurrently on December 13, 2024, Mr. Shorrock was named President of LineaRx, our 98% owned subsidiary. Our executive compensation programs are designed to attract, motivate, and retain our executive officers, who are critical to our success, as more fully described in the “Executive Compensation” section of this Proxy Statement. Under these programs, as approved by our compensation committee, our named executive officers are rewarded for the achievement of our near-term and longer-term financial and strategic goals, for driving corporate financial performance and stability and for increasing stockholder value. The programs contain elements of both cash and equity-based compensation. The “Executive Compensation” section beginning on page 45describes in detail our executive compensation programs and the decisions made by our compensation committee and our Board of Directors with respect to the fiscal year ended September 30, 2024. As discussed in those disclosures, we believe that our compensation program provides a competitive overall compensation that is designed to attract and retain top performers. To achieve this goal, our compensation program is structured to: • provide total compensation and compensation elements that are competitive with those companies that are competing for available employees; • hold our executive officers accountable for results over the long term and maintain integrity in all of the business dealings of our executive officers; • align the interest of our executives with our stockholders; • reward exceptional performance by individual employees; • provide a mix of compensation that offers (i) a meaningful base compensation, with a potential to earn additional amounts based on achievement of corporate and personal goals, and (ii) the opportunity to share in the long-term growth of our company through equity compensation; and • establish