Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 850

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 4
Chunk 850
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ord, and their terms will expire at the 2025 annual meeting of
                                                         stockholders.

At
each annual meeting of the stockholders, one class of Directors will be up for election. Directors will serve three-year terms.

45

Director
Independence

Nasdaq
listing standards require that a majority of the Company’s board of directors be independent. An “independent director”
is defined generally as a person other than an officer or employee of the Company or its subsidiaries or any other individual having
a relationship that, in the opinion of the Company’s board of directors, would interfere with the director’s exercise of
independent judgment in carrying out the responsibilities of a director. The board of directors has determined that Frank Jennings, Louis Foreman, and Mary Ann
Halford qualify as independent directors in accordance with the Nasdaq listing rules.

Board
Leadership Structure

Our
board of directors is not expected to have a formal policy regarding the combination of the roles of Chairman of the board of directors
and Chief Executive Officer because the board of directors believes that it is in the best interests of the Company to have the flexibility
to determine, from time to time, whether the positions should be held by the same person or by separate persons. The board of directors
believes that it is currently in the best interest of our stockholders that the role of Chairman be held by Paul Vassilakos.

The
board of directors may reconsider this leadership structure from time to time based on the leadership needs of our board of directors
and the Company at any particular time. The Nominating and Corporate Governance Committee is expected to evaluate on an ongoing basis
whether the board of directors’ leadership structure is appropriate to effectively address the evolving needs of the Company’s
business and the long-term interests of our stockholders. The committee is expected to then makes recommendations to the board of directors
concerning the board of directors’ leadership structure, including whether the roles of Chairman and Chief Executive Officer should
be separated or combined.

Lead
Independent Director

Under
our Corporate Governance Guidelines, if the Chairman of the board of directors is not an independent director, as determined by the Nominating
and Governance Committee and the board of directors, the independent directors will annually appoint one independent director to be the
Lead Independent Director in accordance with the Director Nominating Agreement. Given that our Chairman will not be an independent director,
our independent directors have appointed Frank Jennings as our Lead Independent Director. The Lead Independent Director’s responsibilities