Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 584

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 1A
Chunk 584
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 executive officer compensation, competitive market data pertaining to executive
officer compensation at comparable companies, and such other factors as it deems relevant, and is guided by, and seeks to promote, the
best interests of the Company and its shareholders.

Nominating
and Corporate Governance Committee. Our nominating and corporate governance committee consists of Jeffrey Guzy, Trond Ringstad
and Timothy McLellan. Mr. Guzy is the chairman of our nominating and corporate governance. We have determined that each of Messrs. Guzy,
Ringstad and McLellan qualify as “independent” as that term is defined by NASDAQ Listing Rule 5605(a)(2). The Committee is
responsible for: (a) assisting the Board in determining the desired experience, mix of skills and other qualities to provide for appropriate
Board composition, taking into account the current Board members and the specific needs of the Company and the Board; (b) identifying
qualified individuals meeting those criteria to serve on the Board; (c) proposing to the Board the Company’s slate of director
nominees for election by the shareholders at the Annual Meeting of Shareholders and nominees to fill vacancies and newly created directorships;
(d) reviewing candidates recommended by shareholders for election to the Board and shareholder proposals submitted for inclusion in the
Company’s proxy materials; (e) advising the Board regarding the size and composition of the Board and its committees; (f) proposing
to the Board directors to serve as chairpersons and members on committees of the Board; (g) coordinating matters among committees of
the Board; (h) proposing to the Board the slate of corporate officers of the Company and reviewing the succession plans for the executive
officers; (i) recommending to the Board and monitoring matters with respect to governance of the Company; and (j) overseeing the Company’s
compliance program; and performing such other functions as the Board may from time to time assign to the Committee.

The
Nominating Committee will consider any director candidates recommended by stockholders, although there is no formal policy with regard
to directors recommended by stockholders, when considering a candidate submitted by stockholders, the Nominating Committee will take
into consideration the needs of the Board and the qualifications of the candidate. Nevertheless, the Board may choose not to consider
an unsolicited recommendation if no vacancy exists on the Board and/or the Board does not perceive a need to increase the size of the
Board.

45

There
are no specific minimum qualifications that the N