Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 533

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 533
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. We believe Mr. Mudd is qualified to serve as a member
of the Board because of his extensive board experience and his financial background.

Thomas P.M. Barry serves as
one of our independent directors and the chair of our compensation committee. Mr. Barry is the Founder and has served as Chief Investment
Officer of TBarry Capital from 2017. He has also served as chief executive officer and a director of Jones Lake Management since Mary
2024. He was an executive with Ruppert Companies where he served as Chief Financial Officer from 2014 to 2016 and Division President from
2016 to 2024 for Ruppert Landscape, LLC, one of the US’s largest commercial landscaping businesses. From 2008 to 2014, Mr. Barry
served as the Chief Investment Officer of The Carr Companies (including The Oliver Carr Company, Carr Hospitality and Carr City Centers),
where he oversaw acquisitions, dispositions, financing, partnership structuring and a range of contract negotiations within the commercial
real estate sector. Mr. Barry served as a Senior Associate at FBR Capital Markets in the Real Estate Equity Research Group from 2005
to 2008. Mr. Barry earned his Master of Business Administration from the Wharton School at the University of Pennsylvania and his
Bachelor’s of Science degree in Business Administration from American University. He is also currently a member of Harvard Business
School’s OPM 61 class. We believe Mr. Barry is qualified to serve as a member of the Board because of his significant investment
and mergers and acquisitions experience.

56

Number and Terms of Office of Officers and Directors 

Our Board consists of five members and is divided
into three classes with only one class of directors being appointed in each year, and with each class serving a three-year term. In accordance
with Nasdaq corporate governance requirements, we are not required to hold an annual meeting until one year after our first fiscal year
end following our listing on Nasdaq.

The term of office of the first class of directors,
consisting of Mr. Bransfield and Mr. Mudd, will expire at our first annual general meeting. The term of office of the second class of
directors, consisting of Ms. Remtulla and Mr. Alonso, will expire at our second annual general meeting. The term of office of the third
class of directors, consisting of Mr. Braatz and Mr. Barry, will expire at