Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 1113

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 1113
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 our Board on these matters.

In its governance role, and
particularly in exercising its duty of care and diligence, our Board is responsible for ensuring that appropriate risk management policies
and procedures are in place to protect the Company’s assets and business. Our Board has broad and ultimate oversight responsibility
for our risk management processes and programs, and executive management is responsible for the day-to-day evaluation and management of
risks to the Company. We do not have a policy as to whether our Chairperson and Chief Executive Officer’s roles should be separate.
Instead, our Board makes this determination based on what best serves our Company’s needs at any given time.

Board Observer

In conjunction with the loan
from Emmis Capital and other investors, for as long as such investors own at least 25% of the securities sold in that private placement,
if Emmis notifies the Company that it wishes to attend meetings of our Board of Directors, we are required to invite a designated representative
of Emmis to attend all such Board meetings in a nonvoting observer capacity and to provide to Emmis copies of all notices, minutes, consents,
and other materials that the Company provides to its directors at the same time and in the same manner as provided to such directors
except for any information that the Company believes could adversely affect its attorney-client relationship or which the Board believes
are trade secrets or which would result in a conflict of interest with such investors. Emmis will maintain the confidentiality of all
information so provided.

Delinquent
Section 16(a) Reports

Section 16(a) of the Securities
Exchange Act of 1934, as amended, requires our directors, executive officers and persons who own more than 10% of our outstanding shares
of Common Stock (“Ten Percent Holders”) to file with the SEC reports of their share ownership and changes in their share ownership
of our Common Stock. Directors, executive officers and Ten Percent Holders are also required to furnish us with copies of all ownership
reports they file with the SEC. To our knowledge, based solely on a review of the copies of such reports furnished to us, the following
directors, executive officers and Ten Percent Holders did not comply with all Section 16(a) filing requirements as of April 15, 2025 as
follows:

    (i)
    Mr. Santos filed his form 4 regarding one transaction as of February 1, 2024, late in March 2024,

    (ii)
    Mr. La