Company: ZRCN
Filing Date: 2025-09-10
Form Type: 10-K
Source: 0001641172-25-027037
Chunk: 1

Company: ZRCN Inc.
Filing Date: 2025-09-10
Form: 10-K
Item: Item 9A
Chunk 1
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 the participation of our management, including our principal executive officer and
principal financial officer, we conducted an evaluation of the effectiveness of our internal control over financial reporting based on
the framework in Internal Control-Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway
Commission. Based on this assessment, our management concluded that, as of March 31, 2025, our internal control over financial reporting
had material weaknesses that lack adequate segregation of duties within account processes due to limited personnel and insufficient written
policies and procedures for accounting, IT and financial reporting and record keeping and we are implementing plans to improve such internal
control.

Changes
in Internal Control Over Financial Reporting

There
has been no change in our internal control over financial reporting during the three months ended March 31, 2025 that has materially
affected, or is reasonably likely to materially affect, our internal control over financial reporting.

ITEM
9B. OTHER INFORMATION

No
officer or director of the Company adopted or terminated a “rule 10b4-1 trading arrangement” or “non-Rule 10b5-1 trading
arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

ITEM
9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Not
applicable.

29

ITEM
10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

Executive
Officers, Directors and Key Employees

The
following table sets forth the name, age and position of each of our executive officers, key employees and directors as of August 27,
2025. All directors hold office until the next annual meeting of stockholders and the election and qualification of their successors.
Officers serve at the discretion of the board.

    Name
     
    Age
     
    Position
  
    John
    Stauss (1)
     
    68
     
    Chief
    Executive Officer, Chairman and Director
  
    Jeff
    Parsons (2)
     
    66
     
    Chief
    Financial Officer
  
    Robert
    Wyler (3)
     
    81
     
    General
    Counsel and Director

Set
forth below is a brief description of the background and business experience of each of our current executive officers and directors.

Notes:

(1)
On April 14, 2023, Mr. Stauss was appointed to serve as our Chief Executive Officer, Chairman,