PLMI Plum Acquisition Corp. I - 8-K

Item 5.02. Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Appointment of Greg Deisher as Chief Operating
Officer and Executive Vice President

Effective as of June 1, 2026, upon the recommendation
of the compensation committee of the Board of the Directors (the “ Board ”) of Veea Inc. (the “ Company ”),
the Board appointed Greg Deisher , who is currently a Senior Vice President of the Company, to serve the Chief Operating Officer
and Executive Vice President filling the vacancy created by the previous resignation of Ms. Janice K. Smith. In connection with Mr. Deisher’s
appointments, the Board also approved, upon the compensation committee’s recommendation, a grant of options under the Company’s
2024 Incentive Equity Plan, as amended (the “ Plan ”) to purchase up to 50,000 shares of common stock of the Company,
which option grant shall expire on June 1, 2031; if not fully exercised before such date, shall have an exercise price of $0.5518 per
share, and shall vest with respect to 12,500 shares of common stock on June 1, 2027, and with respect to the remaining 37,500 shares of
common stock, 1,041 shares of common stock on each one month anniversary date, thereafter, until fully vested, provided that any unvested
portion on the date of termination of Mr. Deisher’s services with the Company shall be terminated and shall not vest any further
thereafter, and such option grant shall also be subject to all other applicable terms of the Plan.

Mr. Deisher has served in senior financial and
operational leadership roles for over 20 years including multiple professional experiences in Russia, China and South East Asia. From
2024 to 2026, Mr. Deisher served as the CFO of Wallarm Inc, a cybersecurity company specializing in API (Application Programming Interfaces)
Security. From 2019 to 2024, Mr. Deisher served as the CFO of Vapor IO, Inc., an ultra low latency edge datacenter company. From 1990
to 1997, Mr. Deisher worked at PricewaterhouseCoopers (“ PwC ”), and during his tenure at PwC, he worked as a Senior
Auditor at the PwC’s Dallas office, where he served oil & gas and banking clients, and he worked as a Senior Manager, Tax &
Legal of the Almaty, Kazakhstan office, where he served clients consisted of international telecom, oil & gas (including ExxonMobil,
Chevron & Shell) and FMCGs (Unilever, P&G plus both Coca-Cola and Pepsi). Mr. Deisher obtained his bachelor’s degree from
Texas Tech University and completed graduate studies in Chinese language and China studies at University of Texas, Austin. Mr. Deisher
is a certified public accountant (CPA).

Mr. Deisher has no family relationships with any
of the Company’s directors or executive officers, and he is not a party to, and does not have any direct or indirect material interest
in, any transaction requiring disclosure under Item 404(a) of Regulation S-K. There are no arrangements or understandings between Mr.
Deisher and any other persons pursuant to which he was selected as an executive officer.

Appointment of Mark Tubinis as Executive Vice
President

Effective as of June 1, 2026, upon the recommendation
of the compensation committee, the Board appointed Mark Tubinis , who is currently the Chief Commercial Officer of the Company,
to also serve as an Executive Vice President. In connection with Mr. Tubinis’s appointment, the Board also approved, upon the compensation
committee’s recommendation, (i) an increased in his annual salary from $210,000 to $240,000 per year, effective as of June 1, 2026
and (ii) a grant of options under the Plan to purchase up to 25,000 shares of common stock of the Company, which option grant shall expire
on June 1, 2031; if not fully exercised before such date, shall have an exercise price of $0.5518 per share, and shall vest with respect
to 6,250 shares of common stock on June 1, 2027, and with respect to the remaining 18,750 shares of common stock, 520 shares of common
stock on each one month anniversary date, thereafter, until fully vested, provided that any unvested portion on the date of termination
of Mr. Tubinis’s services with the Company shall be terminated and shall not vest any further thereafter, and such option grant
shall also be subject to all other applicable terms of the Plan.

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