{"url_path":"/sec/nrom/10-k/2026/item-10","section_key":"item-10","section_title":"Item 10 DIRECTORS, EXECUTIVE OFFICERS OF THE REGISTRANT AND **** CORPORATE GOVERNANCE**","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-06-08","source_url":"https://www.sec.gov/Archives/edgar/data/709005/0001654954-26-005747-index.html","accession_number":"0001654954-26-005747","cik":"0000709005","ticker":"NROM","issuer_name":"NOBLE ROMANS INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/709005/0001654954-26-005747-index.html","primary_entity_key":"0000709005","primary_entity_name":"NOBLE ROMANS INC"},"word_count":632,"has_tables":true,"body_markdown":"**ITEM 10. DIRECTORS, EXECUTIVE OFFICERS OF THE REGISTRANT AND **** CORPORATE GOVERNANCE**\n\n \n\nSet forth below is certain information regarding the executive officers and the directors of the Company:\n\n \n\nName\n\n \n\nAge\n\n \n\nPositions with the Company\n\nPaul W. Mobley\n\n \n\n85\n\n \n\nExecutive Chairman of the Board, Chief Financial Officer and Class II Director\n\nA. Scott Mobley\n\n \n\n62\n\n \n\nChief Executive Officer, President, Secretary and Class III Director\n\nDouglas H. Coape-Arnold\n\n \n\n80\n\n \n\nClass I Director\n\nJeffrey Roberts\n\n \n\n49\n\n \n\nClass I Director\n\nTroy Branson\n\n \n\n62\n\n \n\nExecutive Vice President of Franchising\n\n \n\nThe officers of the Company serve at the discretion of the board of directors and are elected at the annual meeting of the board of directors.  The board of directors has a classified structure in which the directors are divided into three classes with approximately one-third of the directors standing for election each year.  Under this structure, directors serve staggered three-year terms or until their successors are duly elected and qualified. \n\n \n\nThe following is a brief description of the previous business background of our executive officers and directors:\n\n \n\n**Paul W. Mobley** has been Executive Chairman of the Board and Chief Financial Officer since November 2014.  Prior to November 2014, Mr. Mobley was Chairman of the Board, Chief Executive Officer and Chief Financial Officer since December 1991, and a director since 1974.  Mr. Mobley was President of the Company from 1981 to 1997.  From 1975 to 1987, Mr. Mobley was a significant shareholder and president of a company which owned and operated 17 Arby’s franchise restaurants.  From 1974 to 1978, he also served as Vice President and Chief Operating Officer of the Company and from 1978 to 1981 as its Senior Vice President.  Mr. Mobley has a B.S. in Business Administration from Indiana University. He is the father of A. Scott Mobley. \n\n \n\n**A. Scott Mobley** has been President and Chief Executive Officer since November 2014.  Prior to November 2014, Mr. Mobley was President and Chief Operating Officer since 1997. He has served as a director since 1992, and Secretary since 1993.  Mr. Mobley was Vice President from 1988 to 1997, and from 1987 until 1988 he also served as Director of Marketing for the Company.  Prior to joining the Company Mr. Mobley was a strategic planning analyst with a division of Lithonia Lighting Company.  Mr. Mobley has a B.S. in Business Administration from Georgetown University, and an MBA from Indiana University.  He is the son of Paul W. Mobley. \n\n \n\n**Douglas H. Coape-Arnold** has been a director of the Company since 1999.  Mr. Coape-Arnold has been Managing General Partner of Geovest Capital Partners, L.P. since 1997, and was Managing Director of TradeCo Global Securities, Inc. from 1994 to 2002.  Mr. Coape-Arnold is a Chartered Financial Analyst.\n\n \n\n**Jeffrey Roberts******has been a director of the Company since 2025.  Mr. Roberts is, since 2011, a Founding Partner of Roberts Means Roncevic Kapela LLC, a law firm based in Carmel, Indiana. Mr. Roberts manages the firm and leads its litigation practice group. Mr. Roberts earned his J.D. from the Indiana University Maurer School of Law and a B.S. degree from the Indiana University Kelley School of Business - Bloomington, with a double major in finance and marketing.\n\n \n\n**Troy Branson** has been Executive Vice President of Franchising for the Company since 1997, and from 1992 to 1997, he was Director of Business Development.  Before joining the Company, Mr. Branson was an owner of Branson-Yoder Marketing Group from 1987 to 1992.  Mr. Branson received a B.S. in Business from Indiana University.\n\n \n\n \n\n24\n\n*Table of Contents*\n\n \n\n**CODE OF ETHICS**\n\n \n\nThe Company has adopted a code of ethics for its senior executives and financial officers. The code of ethics can be obtained without charge by contacting the Company’s executive office at 6612 E. 75th Street, Suite 450, Indianapolis, Indiana 46250 and requesting a copy of the code of ethics."}