Company: CFBK
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0000950170-25-060182
Chunk: 13

Company: CF BANKSHARES INC.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 13
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 Cochran              |
| James H. Frauenberg            |

Each director who currently serves on the Compensation Committee qualifies, and each director who served as a member of the Compensation Committee during 2024 qualified, as “independent” under the standards set forth in the NASDAQ Marketplace Rules. CORPORATE GOVERNANCE AND NOMINATING COMMITTEE . The Corporate Governance and Nominating Committee is responsible for identifying qualified director candidates and recommending to the Board of Directors the director nominees for election, nomination or appointment to the Board. The Corporate Governance and Nominating Committee considers nominees in the context of standards codified in its charter and in the Board’s Corporate Governance Guidelines. The Committee also provides oversight on matters involving the size, composition and operation of the Board, including in the areas of committee membership and committee chairpersons. The Committee also leads the Board in its annual review of the Board’s performance. The Corporate Governance and Nominating Committee is authorized to employ professional search firms to assist in identifying potential director candidates with the desired skills and disciplines for election, nomination or appointment to the Board of Directors. No such firms were engaged or otherwise utilized during 2024. The full Board of Directors exercises authority over the final approval of director candidates for election, nomination or appointment to the Board of Directors, based on the recommendation of the Corporate Governance and Nominating Committee. During 2024, the Corporate Governance and Nominating Committee held one (1) meeting. The following directors currently serve as members of the Corporate Governance and Nominating Committee:

| Corporate Governance and Nominating Committee Members |
| Edward W. Cochran (Chair)                             |
| Robert E. Hoeweler                                    |
| David L. Royer                                        |

Each director who currently serves on the Corporate Governance and Nominating Committee qualifies, and each director who served as a member of the Corporate Governance and Nominating Committee during 2024 qualified, as “independent” under the standards set forth in the NASDAQ Marketplace Rules. NOMINATIONS OF DIRECTORS Nominating Procedure The Corporate Governance and Nominating Committee considers and recommends candidates, including incumbents, for election and appointment to the Board of Directors, subject to the provisions set forth in the Company’s Certificate of Incorporation and Bylaws. Nominations are based on the criteria the Corporate Governance and Nominating Committee deems appropriate and consistent with the standards set forth in the Board’s Corporate Governance Guidelines. Criteria considered by the Board may include the following: business experience, education, integrity and reputation,