Trustfeed Corp
For the period ended Dec 31, 2023. Filed Apr 15, 2024.
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FY2023 · Filed Apr 15, 2024
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Item 11. Executive Compensation
The following table sets forth information regarding each element of compensation that was paid or awarded to the named executive officers of the Company for the periods indicated.
| Name and Principal Position | Year | Salary ($) | Bonus ($) | Stock Awards ($) | Option Awards ($) | Non-Equity Incentive Plan Compensation ($) | All Other Compensation ($) | Total ($) | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Brett Rosen | 2023 | - | - | - | - | - | - | - | ||||||
| Former President, Chief Financial Officer, Secretary, Treasurer and Director(1) | 2022 | - | - | - | - | - | - | - | ||||||
| Rasmus Refer | 2023 | - | ||||||||||||
| Former CEO and Chairman(2) | 2022 | - | - | - | - | - | - | - | ||||||
| (1) | Mr. Rosen was appointed to such positions on and as of December 29, 2023, and resigned from all executive, employment and director positions effective as of March 21, 2024. |
| (2) | Mr. Refer resigned from all executive and employment positions on and as of December 29, 2023, and resigned from his director position as of February 12, 2024. |
Outstanding Equity Awards at Fiscal Year-End
None of our named executive officers received or holds any equity awards as of the end of the fiscal year ended December 31, 2023.
Limits on Liability and Indemnification
Our certificate of incorporation eliminates the personal liability of our directors to the fullest extent permitted by law. The certificate of incorporation further provide that the Company will indemnify its officers and directors to the fullest extent permitted by law. We believe that this indemnification covers at least negligence on the part of the indemnified parties. Insofar as indemnification for liabilities under the Securities Act may be permitted to our directors, officers, and controlling persons under the foregoing provisions or otherwise, we have been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act of 1933 and is therefore unenforceable.
Director Compensation
None of our directors received any compensation for their services to the Company during the fiscal years ended December 31, 2023 and 2022.
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