Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 1533

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 1533
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 brings technical
development, manufacturing experience, product development and introduction, financial accounting, and human resources expertise to the
Board, as well as relevant experience in committee and board service, which the Board believes qualifies him to serve as a director.

Matthew
E. Lipman has served as a member of the Board since October 2016. Since 2004, Mr. Lipman has served as Managing Director of Brookstone
Partners. Mr. Lipman’s responsibilities at Brookstone Partners include identifying and evaluating investment opportunities, performing
transaction due diligence, managing the capital structure of portfolio companies, and working with management teams to implement operational
and growth strategies. In addition, Mr. Lipman is responsible for executing add-on acquisitions and other portfolio company-related strategic
projects. From July 2001 through June 2004, Mr. Lipman was an analyst in the mergers and acquisitions group at UBS Financial Services
Inc., responsible for formulating and executing on complex merger, acquisition, and financing strategies for Fortune 500 companies in
the industrial, consumer products, and healthcare sectors. Mr. Lipman currently serves on the board of directors of Denison Pharmaceuticals,
LLC, Advanced Disaster Recovery Inc., Totalstone, LLC, Harmattan Energy Limited and Capstone Therapeutics Corp. Mr. Lipman has a B.S.
in Business Administration from Babson College. Mr. Lipman brings 20 years of experience working with companies to establish growth strategies
and execute acquisitions, is proficient in reading and understanding financial statements, generally accepted accounting principles,
and internal controls as a direct result of his investment experience evaluating companies for potential investments and the management
of financial reporting and capital structure for three portfolio companies, as well as relevant experience in serving on other boards
of directors, which the Board believes qualifies him to serve as a director.

David
C. Michaels has served as a member of the Board since August 2013, as our Lead Independent Director from June 2016 until April 2023
and as our Chairman of the Board from January 2017 to January 2022. Mr. Michaels was selected as Interim Chief Financial Officer on April
24, 2023, and resigned from such position on April 8, 2024, upon the appointment of Mr. Tunison. Mr. Michaels served as the Chief Financial
Officer of the American Institute for Economic Research, Inc., an internationally-recognized economics research and education organization,
from October 2008 until his retirement in May 2018