secwatch.observer — SEC 8-K summary
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Issuer:     Core Scientific, Inc./tx (CORZ)
CIK:        0001839341
Form:       8-K/A
Filed at:   2026-02-19T23:59:59+00:00
Accession:  0001140361-26-006133
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Core Scientific strikes cooperation pact with Two Seas Capital; adds three independent directors, chairman exits
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- Company to appoint first independent director by March 15, 2026, and a second by September 15, 2026, both mutually agreed with Two Seas.
- Third independent director to be appointed before 2027 annual meeting; board capped at nine members through 2027.
- Chairman Jordan Levy will not stand for re-election at the 2026 annual meeting; one other current director will not be nominated at 2027 meeting.
- Two Seas agrees to standstill (ownership capped at 9.9%) and to vote for Board-recommended nominees through 2027 annual meeting.
- Cooperation includes mutual non-disparagement and standard voting commitments; activist avoids proxy fight.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839341/000114036126006133/0001140361-26-006133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839341/000114036126006133/ef20066152_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-006133

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