{"url_path":"/sec/tpcs/10-k/2026/item-13","section_key":"item-13","section_title":"Item 13 ****    Certain Relationships and Related Transactions, and Director Independence**","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-06-25","source_url":"https://www.sec.gov/Archives/edgar/data/1328792/0001104659-26-077758-index.html","accession_number":"0001104659-26-077758","cik":"0001328792","ticker":"TPCS","issuer_name":"TECHPRECISION CORP","edgar_url":"https://www.sec.gov/Archives/edgar/data/1328792/0001104659-26-077758-index.html","primary_entity_key":"0001328792","primary_entity_name":"TECHPRECISION CORP"},"word_count":348,"has_tables":true,"body_markdown":"**Item 13.****    Certain Relationships and Related Transactions, and Director Independence**\n\nRelated Party Transaction Policy\n\nAll transactions with related parties that may present actual, potential or perceived conflicts of interest are subject to approval by the Audit Committee, under the terms of the Audit Committee’s charter. As part of its review of related party transactions, the Audit Committee generally seeks to obtain evidence regarding whether the terms of the related party transaction are market-based. The Audit Committee relies on such information, in addition to other transaction-specific factors, in its review and approval of related party transactions.\n\nRelated Person Transactions\n\nWe are not aware of any transactions, since April 1, 2025, or any proposed transactions, in which the Company was a party, where the amount involved exceeded $120 and in which a director, executive officer, holder of more than 5% of our Common Stock, any member of the immediate family of any of the foregoing persons or any other “related person” (as defined under the rules of the SEC), had or will have a direct or indirect material interest.\n\nDirector Independence\n\nWe evaluate the independence of our directors in accordance with the listing standards of the Nasdaq Stock Market, LLC (“*Nasdaq*”), the national securities exchange on which our common stock trades, and the regulations promulgated by the Securities and Exchange Commission (the “SEC’). Nasdaq’s rules require that a majority of the members of a listed company’s board of directors must qualify as “independent,” as affirmatively determined by the board of directors. Under Nasdaq rules, we are required to have a board of directors comprised of a majority of independent directors. Accordingly, after review of all relevant transactions and relationships between each director, or any of his family members, and us, our senior management and our independent registered public accounting firm, our board of directors has determined that the following directors, which comprise a majority of the members of our board of directors, are independent directors within the meaning of the Nasdaq listing standards: Andrew A. Levy, Victor Renuart, Robert Straus, and Walter M. Schenker.\n\n​\n\n​\n\n72\n\n[Table of Contents](#TOC)"}