Company: SWAGW
Filing Date: 2025-01-22
Form Type: 10-K/A
Source: 0001213900-25-005516
Chunk: 153

Company: Stran & Company, Inc.
Filing Date: 2025-01-22
Form: 10-K/A
Chunk 153
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 Growth and Strategic Initiatives of the Company, purchased 5,000 shares of common stock on the open market at $1.7656 per share. On December 9, 2022, Mr. Audibert purchased 5,000 shares of common stock on the open market at $1.3617 per share. On June 27, 2023, Mr. Audibert purchased 3,250 shares of common stock on the open market at $1.4723 per share. On September 7, 2023, Ashley Marshall, a director of the Company, purchased 760 shares of common stock on the open market at $1.26 per share. On December 30, 2022, Jason Nolley, a former executive officer of the Company, purchased 4,000 shares of common stock on the open market at $1.24 per share. Director Independence Independent Directors Nasdaq’s rules generally require that a majority of an issuer’s board of directors consist of independent directors. Our board of directors consists of six directors, four of whom have been determined by our board of directors to be “independent directors” within the meaning of Nasdaq Listing Rule 5605(a)(2). For a discussion of certain considerations relating to transactions with Alan Chippindale, see “— Transactions with Related Persons – Transactions with Non-Employee Director”, which is incorporated by reference herein. For discussion of compensation and indemnification arrangements with our independent directors for services performed as members of our board of directors, see Item 11 “ Executive Compensation – Director Compensation”, which is incorporated by reference herein. Committees of the Board of Directors Our board of directors has established the Audit Committee, the Compensation Committee, the Nominating and Corporate Governance Committee, and the Disclosure Controls and Procedures Committee, each with its own charter approved by the board. Each committee’s charter is also available on our website at https://www.ir.stran.com/. In addition, our board of directors may, from time to time, designate one or more additional committees, which shall have the duties and powers granted to it by the board. Audit Committee Travis McCourt, Alejandro Tani, and Ashley Marshall, each of whom has been determined by our board of directors to satisfy the “independence” requirements of Rule 10A-3 under the Exchange Act and Nasdaq’s rules, serve on our Audit Committee, with Mr. McCourt serving as the chairman. Our board has determined that each of Mr. McCourt and Mr. Tani qualifies