Company: HCTI
Filing Date: 2025-02-18
Form Type: 10-K/A
Source: 0001213900-25-014503
Chunk: 118

Company: Healthcare Triangle, Inc.
Filing Date: 2025-02-18
Form: 10-K/A
Chunk 118
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including resolution of disagreements between management and the independent auditor regarding financial reporting) 
 for the purpose of preparing or issuing an audit report or related work;                                                                     |

| ● | establishing procedures for the receipt, retention and treatment                                                                     
 of complaints received by us regarding accounting, internal accounting controls or reports which raise material issues regarding our 
 financial statements or accounting policies; and                                                                                     |

| ● | approving reimbursement of expenses incurred by our management 
 team in identifying potential target businesses.               |

The audit committee is composed exclusively of “independent directors” who are “financially literate” as defined under the Nasdaq listing standards. The Nasdaq listing standards define “financially literate” as being able to read and understand fundamental financial statements, including a company’s balance sheet, income statement and cash flow statement. 54 Compensation Committee We have established a compensation committee of the board of directors to consist of Dave Rosa, and Ronald McClurg each of whom is an independent director. Dave Rosa is the Chairman of the Compensation Committee. Each member of our compensation committee is also a non-employee director, as defined under Rule 16b-3 promulgated under the Exchange Act, and an outside director, as defined pursuant to Section 162(m) of the Code. Dave Rosa is the chairman of the compensation committee. The compensation committee’s duties, which are specified in our Compensation Committee Charter, include, but are not limited to:

| ● | reviews, approves and determines, or makes recommendations                       
 to our board of directors regarding, the compensation of our executive officers; |

| ● | administers our equity compensation plans; |

| ● | reviews and approves, or makes recommendations to our board                       
 of directors, regarding incentive compensation and equity compensation plans; and |

| ● | establishes and reviews general policies relating to compensation 
 and benefits of our employees.                                    |

Nominating and Corporate Governance Committee We have established a nominating and corporate governance committee consisting of, Ronald McClurg, and Jainal Bhuiyan is the Chairman of the Nominating and corporate governance committee. The committee’s duties, which are specified in our Nominating and Corporate Governance Committee Charter, include, but are not limited to:

| ● | identifying, reviewing and evaluating candidates to serve                              
 on our board of directors consistent with criteria approved by our board of directors; |

| ● | evaluating director performance on our board of directors                                                                              
 and applicable committees of our board of directors and determining whether continued service on our board of directors is appropriate |

| ● | evaluating nominations by stock