---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-147063"
form_type: "8-K"
ticker: "CORZ"
cik: "0001839341"
company_name: "Core Scientific, Inc./tx"
filed_at: "2023-05-17T23:59:59+00:00"
generated_at: "2026-06-14T22:37:10.820737+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-147063
- form_type: 8-K
- ticker: CORZ
- cik: 0001839341
- company_name: Core Scientific, Inc./tx
- filed_at: 2023-05-17T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1839341/000119312523147063/0001193125-23-147063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1839341/000119312523147063/d445001d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-147063
- JSON: https://secwatch.observer/filing/0001193125-23-147063.json
- Plain text: https://secwatch.observer/filing/0001193125-23-147063.txt

## Key facts
- Executive change
  Adam Sullivan was appointed as President at Core Scientific, Inc./tx.
  - Action: appointed
  - Role: President
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1839341/000119312523147063/0001193125-23-147063-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1839341/000119312523147063/0001193125-23-147063-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.