Employee Growth - As of September 30, 2025, the total number of employees increased to 46, up from 30 in fiscal 2024, representing a growth of 53.33%[552] Shareholder Information - The company had 1,993,625 outstanding Common Shares as of December 29, 2025, with a total of 1,861,147 shares beneficially owned by directors and executive officers[554] - David Luxton holds 9,064 Common Shares, representing 0.24% of the outstanding shares, while Sean Homuth holds 308 shares, representing 0.01%[556] Compensation Policies - The company adopted an Incentive Compensation Recovery Policy effective November 23, 2023, in compliance with Nasdaq listing rules, with no outstanding balance of erroneously awarded compensation as of September 30, 2025[558] Audit Committee - The Audit Committee consists of independent members, including James Yersh and Paul Mangano, who qualify as financial experts[548] - The Audit Committee meets regularly at least quarterly, ensuring oversight of financial matters and external auditor recommendations[550] Financial Risks - The company is exposed to various financial risks, including interest rate risk, foreign currency risk, credit risk, and liquidity risk[684] Legal and Regulatory Matters - Jennifer Welsh, former CFO of Indiva Limited, was involved in a bankruptcy filing on June 13, 2024, due to financial underperformance and industry fragmentation[541] - The company has not faced any penalties or sanctions related to securities legislation in the past ten years, except for a settlement involving EOTECH, which paid USD $25.6 million[543][544] Stock Options - The company has not granted any further options to directors and executive officers since the stock splits completed in fiscal 2025[557]
KWESST Micro Systems (KWE) - 2025 Q4 - Annual Report