Core Scientific appoints Adam Sullivan as President effective May 15, 2023

Core Scientific, Inc./tx

Adam Sullivan appointed President, reporting to CEO Mike Levitt; oversees financial/strategic matters including reorganization plan.
Todd DuChene continues as Chief Legal Officer, also assumes Chief Administrative Officer role.
Sullivan receives $500k base salary, guaranteed minimum $500k bonus for 2023, target bonus at least 100% of base.
Prior role: Managing Director at XMS Capital Partners, oversaw $5B+ transactions; involved in 2021 acquisition of Core Scientific predecessor.

item 5.02 item 9.01

Executive movements

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Appointed

Adam Sullivan

President

CORZ · Core Scientific, Inc./tx

Effective: 2023-05-15
Filed: May 17, 2023, 7:59 PM ET

On April 20, 2023, the Board of Directors (the “ Board ”) of Core Scientific, Inc. (the “ Company ”) appointed Adam Sullivan as President, effective May 15, 2023.

Role change

Todd M. DuChene

Chief Legal Officer and Chief Administrative Officer

CORZ · Core Scientific, Inc./tx

Filed: May 17, 2023, 7:59 PM ET

In connection with the appointment of Mr. Sullivan, Todd M. DuChene will continue to serve as the Company’s Chief Legal Officer while also assuming the new role of Chief Administrative Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Adam Sullivan was appointed as President at Core Scientific, Inc./tx.

Action: appointed
Role: President

Exact text from the filing

On April 20, 2023, the Board of Directors (the “ Board ”) of Core Scientific, Inc. (the “ Company ”) appointed Adam Sullivan as President, effective May 15, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Todd M. DuChene changed role as Chief Legal Officer and Chief Administrative Officer at Core Scientific, Inc./tx.

Action: assumed additional role of Chief Administrative Officer
Role: Chief Legal Officer and Chief Administrative Officer

Exact text from the filing

In connection with the appointment of Mr. Sullivan, Todd M. DuChene will continue to serve as the Company’s Chief Legal Officer while also assuming the new role of Chief Administrative Officer.

View on SEC.gov

Core Scientific, Inc./tx filing history →

Source: SEC EDGAR

accession 0001193125-23-147063

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