Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 1921

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 1921
---
 light of the Company’s involvement with the renewable energy sector as
it relates to their cryptocurrency mining subsidiary, qualifies him to serve as a director.

65

Thomas
J. Marusak has served as a member of the Board since December 2004. Additionally, Mr. Marusak served as a member of the board of
directors of our former subsidiary, MTI Instruments, Inc., since April 2011, and has served as a member of the board of directors of
our subsidiary, SCI, since January 2020. From 1986 to 2023, Mr. Marusak served as President of Comfortex Corporation, a manufacturer
of window blinds and specialty shades. Mr. Marusak was a member of the Advisory Board of Directors for Key Bank of New York from 1996
through 2004 and served on the board of directors of the New York Energy Research and Development Authority from 1998 through 2006. From
2011 to 2019, Mr. Marusak served as a member of the board of directors of the Capital District Physician’s Health Plan, Inc., where
he had served as a member of the board of the director’s Finance, Compensation, Audit, Investment, and Executive Committees. Additionally,
Mr. Marusak has served as a member of the board of directors for the following entities in the course of his professional career: Center
for Economic Growth (past Chair), Dynabil Corp. (Advisory Board), and the Albany Chamber of Commerce (Executive Board). Mr. Marusak received
a B.S. in Engineering from Pennsylvania State University and an M.S. in Engineering from Stanford University. Mr. Marusak 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