MARA Holdings, Inc 8-K, filed May 8, 2023
MARA Holdings, Inc. (MARA)
About this 8-K
MARA Holdings, Inc filed this 8-K on May 8, 2023, reporting on events of May 2, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
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Item 5.02 Compensation of an Executive Officer
On May 2, 2023, Marathon Digital Holdings, Inc. (the “Company”) granted 500,000 restricted stock units of the Company (“RSUs”) to Fred Thiel, its Chairman and Chief Executive Officer. The RSUs shall vest over four (4) years with 125,000 RSUs vesting at the end of the first year after the date of grant, with the balance of 375,000 RSUs vesting in equal amounts of 31,250 RSUs on each three month anniversary of the end of the first year after the date of grant, for 12 consecutive three month periods. Additionally, Mr. Thiel was granted an increase in his base salary of $50,000 per annum.
Item 9.01 Exhibits
| 104 | Inline XBRL |
FORWARD-LOOKING STATEMENTS
This Form 8-K and other reports filed by Registrant from time to time with the Securities and Exchange Commission (collectively, the “Filings”) contain or may contain forward-looking statements and information that are based upon beliefs of, and information currently available to, Registrant’s management as well as estimates and assumptions made by Registrant’s management. When used in the Filings the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan” or the negative of these terms and similar expressions as they relate to Registrant or Registrant’s management identify forward-looking statements. Such statements reflect the current view of Registrant with respect to future events and are subject to risks, uncertainties, assumptions and other factors relating to Registrant’s industry, Registrant’s operations and results of operations and any businesses that may be acquired by Registrant. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned.
Although Registrant believes that the expectations reflected in the forward-looking statements are reasonable, Registrant cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, Registrant does not intend to update any of the forward-looking statements to conform these statements to actual results.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: May 8, 2023
| MARATHON DIGITAL HOLDINGS, INC. | ||
| By: | /s/ Jolie Kahn | |
| Name: | Jolie Kahn | |
| Title: | General Counsel | |