Company: DREM
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004861
Chunk: 136

Company: Dream Homes & Development Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 136
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 code.

24

We
have not adopted a corporate code of ethics that applies to our principal executive officer, principal financial officer, principal accounting
officer or controller, or persons performing similar functions.

Our
decision to not adopt such a code of ethics results from our having a small management structure for the Company. We believe that the
limited interaction which occurs having such a small management structure for the Company eliminates the current need for such a code,
in that violations of such a code would be reported to the party generating the violation.

Corporate
Governance

We
currently do not have standing audit, nominating and compensation committees of the board of directors, or committees performing similar
functions. Until formal committees are established, our entire board of directors will perform the same functions as an audit, nominating
and compensation committee.

DIRECTORS
AND EXECUTIVE OFFICERS

The
name, age and titles of our executive officers and directors are as follows:

    Name
and Address of Executive
    
    Officer
    and/or Director
     
    Age
     
    Position

    Vincent
    C. Simonelli
     
    59
     
    President,
    Treasurer, and Director (Principal Executive, Financial and Accounting Officer)
  
    Christopher
    Dietrich, Esq.
     
    78
     
    SEC
    Council, Director
  
    Richard
    Pezzullo
     
    67
     
    Director
  
    Valerie
    Jones
     
    54
     
    Senior
    Vice-president, Board Secretary

AUDIT
COMMITTEE

We
do not have an audit committee financial expert. We do not have an audit committee financial expert because we believe the cost related
to retaining a financial expert at this time is prohibitive.

ITEM
11. EXECUTIVE COMPENSATION

The
table below summarizes all compensation awarded to, earned by, or paid to our executive officers by any person for all services rendered
in all capacities to us for the years ended December 31, 2024 and 2023.

Summary
Compensation Table

    Name
    and Principal Position 
    Year  
    Salary

    (a) ($)  
    Bonus

    ($)  
    Stock
    Awards
 ($)  
    Option
    Awards
 ($)  
    Non-Equity
    Incentive Plan Compensation
 ($)  
    All
    Other Compensation
 ($)  
    All