Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 2408

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9
Chunk 2408
---
 and recommending director candidates to the Board; 3) developing and recommending governance guidelines of the Company to the Board; 4) addressing governance matters; 5) making recommendations to the Board regarding
Board size, composition, and criteria; 6) making recommendations to the Board regarding the structure and composition of existing Committees
and recommend to the Board persons to be members and chairpersons of the existing Committees; 7) annually evaluating the performance
of the Nominating and Corporate Governance Committee; 8) periodically review and discuss with the Board corporate succession plans for
the Company’s executive officers and other senior executives as the Nominating and Corporate Governance Committee deems appropriate,
and 8) annually evaluating the adequacy of the Nominating and Corporate Governance Committee charter and recommend any changes to the
Board.

In
appraising potential director candidates, the Nominating and Corporate Governance Committee focuses on desired characteristics and qualifications
of candidates, and although there are no stated minimum requirements or qualifications, preferred characteristics include business savvy
and experience, concern for the best interests of our stockholders, proven success in the application of skills relating to our areas
of business activities, adequate availability to participate actively in the Board’s affairs, high levels of integrity, and sensitivity
to current business and corporate governance trends and legal requirements, and that candidates, when warranted, meet applicable director
independence standards. Individuals recommended by stockholders are evaluated in the same manner as other potential candidates. A stockholder
wishing to submit such a recommendation should forward it in writing to our Secretary at 325 Washington Avenue Extension, Albany, New
York 12205. The mailing envelope should include a clear notation that the enclosure is a “Director Nominee Recommendation.”
The recommending party should be identified as a stockholder and should provide a brief summary of the recommended candidate’s
qualifications, taking into account the desired characteristics and qualifications considered for potential Board members mentioned above.

Compensation
Committee

The
Board has adopted a Compensation Committee charter, which is published on our website at https://www. solunacomputing.com/investors/governance/.
The Compensation Committee consists of Messrs. Phelan (Chairman), Hazelip, and Bottomley. The Board has determined that each member of
the Compensation Committee is independent, as defined under the applicable rules and listing standards of Nasdaq and SEC rules and regulations.

The
role of the Compensation Committee is to assist the Board by:

1)
reviewing and approving compensation programs, philosophy