DYNAMIC AEROSPACE SYSTEMS Corp
For the period ended Dec 31, 2024. Filed Apr 1, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Apr 1, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 11. EXECUTIVE COMPENSATION
The table below summarizes the total compensation paid or earned by our Chief Executive Officer and Chief Financial Officer during the year ended December 31, 2024.
| SUMMARY COMPENSATION TABLE | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name and Principal Position | Year | Salary ($) | Bonus ($) | Stock Awards ($) | Option Awards ($) | Non-Equity Incentive Plan Compensation ($) | Change in Pension Value and Nonqualified Deferred Compensation Earnings ($) | All Other Compensation ($) | Total ($) | |||
| Panagiotis Lazaretos | 2024 | Nil | Nil | Nil | Nil | Nil | Nil | Nil | Nil | |||
| Helen V. Maridakis | 2024 | Nil | Nil | Nil | Nil | Nil | Nil | Nil | Nil | |||
| Nikolaos Ioannou | 2024 | Nil | Nil | Nil | Nil | Nil | Nil | Nil | Nil | |||
*We were incorporated on February 19, 2021; as such, we have only 2022, 2023 and 2024 representing executive compensation.
There are no arrangements or plans in which we provide pension, retirement or similar benefits for directors or executive officers. Our directors and executive officers may receive share options at the discretion of our board of directors in the future. We do not have any material bonus or profit-sharing plans pursuant to which cash or non-cash compensation is or may be paid to our directors or executive officers, except that share options may be granted at the discretion of our board of directors.
No salary or any compensation was paid or received by the officers for the year ended December 31, 2024.
Stock Option Plan
As of the date of this Annual Report, we did not have a stock option plan in favor of any director, officer, consultant, or employee of our company.
Option Grants
We have not granted any options or stock appreciation rights to our named executive officers or directors since inception. We do not have any stock option plans.
Compensation of Directors
We do not have any agreements for compensating our directors for their services in their capacity as directors, and we have not paid any compensation to our directors.
Independent Directors
We have determined that none of our directors are independent directors, as that term is used in Item 7(d)(3)(iv)(B) of Schedule 14A under the Securities Exchange Act of 1934, as amended, and as defined by Rule 4200(a)(15) of the NASDAQ Marketplace Rules.
Pension, Retirement or Similar Benefit Plans
There are no arrangements or plans in which we provide pension, retirement or similar benefits to our directors or executive officers. We have no material bonus or profit-sharing plans pursuant to which cash or non-cash compensation is or may be paid to our directors or executive officers, except that stock options may be granted at the discretion of the board of directors or a committee thereof.
Compensation, Nominating, and Audit Committees
We do not currently have compensation, nominating, or audit committees. Our board of directors, as a whole, performs the functions of these committees.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.