Company: KAVL
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001731122-25-001359
Chunk: 22

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 22
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the case of the proposal, at least the percentage of the Company’s voting shares required under applicable law to carry the proposal
or, in the case of a nomination or nominations, a sufficient number of holders of the Company’s voting shares to elect such nominee
or nominees.

Nominations and the solicitation notice should be
sent to the Nominating and Corporate Governance Committee, Kaival Brands Innovations Group, Inc., 4460 Old Dixie Highway, Grant-Valkaria,
Florida 32949.

As of the date of this Proxy Statement, we have not
received timely notice of any nomination by a stockholder.

Nominees for Director

The Board nominated Mr. Worner, Mr. Thoenes, Mr. Modi
and Mr. Patel to stand for election for the four (4) Board seats. Each such individual has consented to serve if elected.

If elected, we expect that all of the aforementioned
nominees will serve as directors and hold office until the 2026 Annual Meeting of Stockholders and until their respective successors have
been elected and qualified or until their death, retirement or resignation.

Director Compensation

The Compensation Committee establishes and reevaluates
if it deems necessary or prudent in its discretion, the cash and equity awards (amount and manner or method of payment) to be made to
non-employee directors for such fiscal year. In making this determination, the Compensation Committee may utilize such market standard
metrics as it deems appropriate, including, without limitation, an analysis of cash compensation paid to our peer group’s independent
directors.

The Compensation Committee has the power and discretion
to determine in the future whether non-employee directors should receive annual or other grants of options to purchase shares of common
stock or other equity incentive awards in such amounts and under such policies as the Compensation Committee may determine utilizing such
market standard metrics as it deems appropriate, including, without limitation, an analysis of equity awards granted to independent directors
of our peer group.

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In fiscal year 2024, we compensated
our independent directors as follows:

| Name of Director (1) |     | Fees Earned 
 or Paid in  
 Cash        |        |     | Option 
 Awards |        |     | Total |         |
| Roger Brooks (2)     |     |             | 56,111 |     |        |      0 |     |       |  56,111 |
| George Chuang (3)