Company: MYND
Filing Date: 2025-03-26
Form Type: 20-F
Source: 0001628280-25-014832
Chunk: 51

Company: Mynd.ai, Inc.
Filing Date: 2025-03-26
Form: 20-F
Item: Item 6
Chunk 51
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 Compensation Committee is a non-employee director (within the meaning of Rule 16b-3 under the Exchange Act) and our Board has determined that each member of the Compensation Committee meets the definition of “independent director” for purposes of serving on the Compensation Committee under SEC Rules and the Listing Standards of the NYSE. Our Board has adopted a written charter for the Compensation Committee, which is available on our website at: www. mynd. ai under Governance. The information on our website is not intended to form a part of or be incorporated by reference into this Annual Report.

Tab l e of contents

Nominating and Corporate Governance Committee. Our Nominating and Corporate Governance Committee is responsible for, among other things:

• identifying individuals qualified to become members of our Board of Directors, consistent with criteria

approved by our Board of Directors;

• overseeing succession planning for our executive officers;

• periodically reviewing our Board of Directors’ leadership structure and recommending any proposed

changes to our Board of Directors;

• overseeing an annual evaluation of the effectiveness of our Board of Directors and its committees,

including distributing annual written self and Board-assessments; and

• developing and recommending to our Board of Directors a set of corporate governance guidelines.

The Nominating and Corporate Governance Committee is composed of Dr Simon Leung, Vin Riera and Dr. John Quelch, with Dr. Leung serving as chair. Our Board of Directors has affirmatively determined that Dr. Quelch meets the definition of “independent director” for purposes of serving on the Nominating and Corporate Governance Committee under the independence standards under SEC Rules and the Listing Standards of the NYSE. Our Board has adopted a written charter for the Nominating and Corporate Governance Committee, which is available on our website at: www. mynd. ai under Governance. The information on our website is not intended to form a part of or be incorporated by reference into this Annual Report.

D. Employees

As of December 31, 2022, 2023 and 2024, we had a total of 1,143, 1,365 and 505 employees, respectively. The significant decline in the number of employees from 2023 to 2024 is mainly attributable to the disposition of our early childhood education business in Singapore in October 2024, during which a significant number of teaching staff and other staff in operated learning centers ceased to be our employees. As of December 31, 2024, approximately 256 of our employees were located in