Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 228

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 228
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 the committees reports to our board of directors as they deem appropriate and as our board may request. Each of the first three committees listed above has a committee charter setting out the mandate of such committee, including the responsibilities of the chair of such committees. The composition, duties and responsibilities of these committees are set forth below. Audit Committee The audit committee is responsible for, among other matters: •appointing, retaining and evaluating our independent registered public accounting firm and approving all services to be performed by them; •overseeing our independent registered public accounting firm’s qualifications, independence and performance; •overseeing the financial reporting process and discussing with management and our independent registered public accounting firm the interim and annual financial statements that we file with the SEC; •reviewing and monitoring our accounting principles, accounting policies, financial and accounting controls and compliance with legal and regulatory requirements; •establishing procedures for the confidential anonymous submission of concerns regarding questionable accounting, internal controls or auditing matters; and •reviewing and approving related person transactions. Our audit committee consists of three of our directors, Messrs. Alstead, Smith and Dr. Trevan, each of whom meets the definition of “independent director” for purposes of serving on an audit committee under Rule 10A -3under the Exchange Act and the Nasdaq rules. Mr. Alstead serves as chairman of our audit committee. Our board of directors has determined that Mr. Alstead qualifies as an “audit committee financial expert,” as such term is defined in Item 407(d)(5) of Regulation S -Kunder the Securities Act. Our board of directors has adopted a written charter for the audit committee, which is available on our corporate website at www.HeritageDistilling.com. The information on our website is not part of this prospectus. Compensation Committee The compensation committee is responsible for, among other matters: •reviewing key employee compensation goals, policies, plans and programs; •reviewing and approving the compensation of our directors, chief executive officer and other executive officers; •producing an annual report on executive compensation in accordance with the rules and regulations promulgated by the SEC; •reviewing and approving employment agreements and other similar arrangements between us and our executive officers; and •administering our stock plans and other incentive compensation plans. Our compensation committee consists of three of our directors, Dr. Trevan, Mr. Swann and Dr. Wensel, each of whom meets the definition of “independent director” under the rules of Nasdaq and the definition of non -employeed