Bolt Projects Holdings, Inc. 10-K Cybersecurity GRC - 2025-03-18

Page last updated on March 19, 2025

Bolt Projects Holdings, Inc. reported their cybersecurity risk management and governance process in a yearly 10-K filed on 2025-03-18 17:07:20 EDT.

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10-K filed on 2025-03-18

Bolt Projects Holdings, Inc. filed a 10-K at 2025-03-18 17:07:20 EDT
Accession Number: 0001841125-25-000017

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Item 1C. Cybersecurity.

ITEM 1C. CYBERSECURITY Cybersecurity Risk Management and Strategy 35 We have developed and implemented a cybersecurity risk management program intended to protect the confidentiality, integrity, and availability of our critical systems and information. As part of our risk management program, we reference various security industry frameworks and other guidance to help us assess, identify and manage cybersecurity risks. This does not imply that we meet any particular technical standards, specifications, or requirements, only that we use various security industry frameworks as a guide to help us manage cybersecurity risks relevant to our business. Our cybersecurity risk management program is integrated into our overall risk management program , and shares common methodologies, reporting channels and governance processes that apply across the risk management program to other legal, compliance, strategic, operational, and financial risk areas. Key elements of our cybersecurity risk management program include but are not limited to the following: - risk assessments designed to help identify material risks from cybersecurity threats to our critical systems and information; - a security team principally responsible for managing (1) our cybersecurity risk assessment processes, (2) our security controls, and (3) our response to cybersecurity incidents; - the use of external service providers , where appropriate, to assess, test or otherwise assist with aspects of our security processes; - cybersecurity awareness training of our employees, including incident response personnel and senior management; and - a cybersecurity incident response plan that includes procedures for responding to cybersecurity incidents. We have not identified risks from known cybersecurity threats, including as a result of any prior cybersecurity incidents, that have materially affected us, including our operations, business strategy, results of operations, or financial condition. We face risks from cybersecurity threats that, if realized, are reasonably likely to materially affect us, including our operations, business strategy, results of operations, or financial condition. See “Risk Factors - Risks Related to Intellectual Property and Information Technology - If we or our third-party providers fail to protect Confidential Information and/or experience a significant disruption in our IT Systems, including security breaches, or if we fail to implement new systems and software successfully, there may be damage to our brand and reputation, material financial penalties, and legal liability, and our business operations and financial condition could be adversely affected.” Cybersecurity Governance Our Board considers cybersecurity risk as part of its risk oversight function and has delegated to the Audit Committee (the “Committee”) oversight of cybersecurity risks, including oversight of management’s implementation of our cybersecurity risk management program. The Committee receives periodic reports from management on our cybersecurity risks. In addition, management updates the Committee, where it deems appropriate, regarding cybersecurity incidents it considers to be significant. The Committee reports to the full Board regarding its activities, including those related to cybersecurity. The full Board also periodically receives briefings from management on our cyber risk management program. Board members receive presentations on cybersecurity topics from our Chief Administrative Officer, internal security staff or external experts as part of the Board’s continuing education on topics that impact public companies. Our Information Technology Steering Committee (“ITSC”) is responsible for assessing and managing our material risks from cybersecurity threats. The ITSC has primary responsibility for our overall cybersecurity risk management program and supervises both our internal cybersecurity personnel and our retained external cybersecurity consultants. Our ITSC is composed of members appointed by the CEO representative of areas critically impacted by IT and cybersecurity. The ITSC risk assessment and management processes are implemented, maintained and overseen by our Chief Administrative Officer, who has served in information technology and security roles for approximately 18 years, including serving as the primary role responsible for the IT function at the Company for approximately 12 years. Our Chief Administrative Officer is responsible for securing appropriate resources, integrating cybersecurity risk considerations into 36 our overall risk management strategy, communicating key priorities to relevant personnel, preparing for cybersecurity incidents, and reviewing security assessments and other security-related reports. The ITSC takes steps to stay informed about and monitor efforts to prevent, detect, mitigate, and remediate cybersecurity risks and incidents through various means, which may include: briefings from internal security personnel; threat intelligence and other information obtained from governmental, public or private sources, including external consultants engaged by us; and alerts and reports produced by security tools deployed in our IT environment.

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