Company: APCXW
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001683168-25-002670
Chunk: 22

Company: AppTech Payments Corp.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 22
---
to hold this advisory vote on the frequency of the “Say-On-Pay” vote at least once every six years.

After careful consideration
of this Proposal 3, the Board has determined that an advisory vote on executive compensation that occurs every year is the most appropriate
alternative for the Company, and therefore, the Board recommends that stockholders vote for a one-year interval for the advisory vote
on executive compensation.

In formulating its recommendation,
the Board considered that an annual advisory vote on executive compensation will allow stockholders to provide direct input on the Company’s
compensation philosophy, policies, and practices as disclosed in the proxy statement every year. Additionally, an annual advisory vote
on executive compensation is consistent with the Company’s policy of seeking input from and engaging in discussions with stockholders
on corporate governance matters and the Company’s executive compensation philosophy, policies, and practices. The Company understands
that stockholders may have differing views on the best approach for the Company, and the Company looks forward to hearing from stockholders
on Proposal 3.

You may vote for a frequency
of future stockholder votes on executive compensation of every “1 YEAR,” “2 YEARS,” “3 YEARS,” or
“ABSTAIN.”

While the Board believes
that its recommendation is appropriate at this time, the stockholders are not voting to approve or disapprove that recommendation but
are instead asked to indicate their preferences, on an advisory basis, as to whether the non-binding advisory vote on the approval of
the Company’s executive officer compensation practices should be held every year, every other year, or every three years. The frequency
of one year, two years, or three years that receives the affirmative vote of the holders of a majority of the shares present in person
or represented by proxy and entitled to vote on the matter at the Annual Meeting will be deemed to be the recommended frequency, on an
advisory basis, of future advisory votes on the compensation of our named executive officers. Although the vote is non-binding, the Board
and the Compensation Committee will review the voting results and will respect the expressed desire of the majority of our stockholders
by implementing the option, if any, that receives a majority vote. If no frequency receives the foregoing vote, then we will consider
the option of one year, two years, or three years that receives the highest number of votes cast to be the frequency recommended by stockholders.
Abstentions will be counted towards the vote total and will have the same effect as a vote “against” each