secwatch.observer — SEC 8-K summary
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Issuer:     CLEANSPARK, INC. (CLSK)
CIK:        0000827876
Form:       8-K
Filed at:   2025-08-11T23:59:59+00:00
Accession:  0000950170-25-106224
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CleanSpark appoints founder Matt Schultz CEO; Zach Bradford resigns with $2.53M cash, 14.4 BTC, equity
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- Zachary Bradford resigned as CEO and director effective Aug 10, 2025; board reduced from 6 to 5 members.
- Separation package: $950k salary, $1.583M prorated bonus, $91k PTO, 14.4 BTC over 12 months.
- Immediate vesting of options for 500k shares and RSUs for 717,665 shares; additional 1,728,688 RSUs granted with 2-year vest.
- Former CEO Matt Schultz appointed President and CEO while remaining Chairman; management team stays.
- CleanSpark reaffirms strategic plans; will report FY 2025 full year results in November.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827876/000095017025106224/0000950170-25-106224-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827876/000095017025106224/clsk-20250810.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-106224

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer