Company: SIMA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026255
Chunk: 594

Company: SIM Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 594
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 procedures and (2) any material issues raised by the most
recent internal quality-control review, or peer review, of the independent registered public accounting firm, or by any inquiry or
investigation by governmental or professional authorities, within the preceding five years respecting one or more independent audits
carried out by the firm and any steps taken to deal with such issues;

●meeting to review and discuss our annual audited financial statements and quarterly financial statements
with management and the independent registered public accounting firm, including reviewing our specific disclosures under “Management’s
Discussion and Analysis of Financial Condition and Results of Operations”;

●reviewing and approving any related party transaction required to be disclosed pursuant to Item 404
of Regulation S-K promulgated by the SEC prior to us entering into such transaction;

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●reviewing with management, the independent registered public accounting firm, and our legal advisors,
as appropriate, any legal, regulatory or compliance matters, including any correspondence with regulators or government agencies and any
employee complaints or published reports that raise material issues regarding our financial statements or accounting policies and any
significant changes in accounting standards or rules promulgated by the FASB, the SEC or other regulatory authorities; and

●advising the Board and any other Board committees if the clawback provisions of Rule 10D-1 under
the Exchange Act (the “SEC Clawback Rule”) are triggered based upon a financial statement restatement or other financial statement
change, with the assistance of Management and to the extent that our securities continue to be listed on an exchange and subject to the
SEC Clawback Rule.

Compensation Committee

We have established the Compensation
Committee. The members of our Compensation Committee include Ms. Grasso, Dr. Cosgrove, and Mr. Capone, and Ms. Grasso serves
as chair of the Compensation Committee. Under the Nasdaq listing standards and applicable SEC rules, we are required to have a Compensation
Committee of at least two members, all of whom must be independent. Ms. Grasso, Dr. Cosgrove, and Mr. Capone are each independent.
We have adopted a charter of the Compensation Committee, which details the principal functions of the Compensation Committee, including:

●reviewing and approving on an annual basis the corporate goals and objectives relevant to our Chief Executive
Officer’s compensation, evaluating our Chief Executive Officer’s performance in light of such goals and objectives and determining
and approving the remun