XTI Aerospace enters new CEO/CFO employment agreements; awards stock options totaling 4M+ shares

XTI Aerospace, Inc.

CEO Pomeroy gets $800k base, up to 150% quarterly bonus, $350k continuation bonus; CFO Turk gets $600k base, up to 100% bonus, $250k continuation bonus.
Stock options: CEO 2.62M shares, CFO 1.51M shares at $1.26; 1/3 vest immediately, rest quarterly over 2 years.
At Dec 30 annual meeting, shareholders approved issuance of >20% of common stock for financing (Proposal 3).
Clinton Weber elected Class II director; CBIZ CPAs ratified as auditor.
Series 10 Preferred automatically converted to common stock upon stockholder approval, subject to beneficial ownership limitation.

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