secwatch.observer — SEC 8-K summary
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Issuer:     Core Scientific, Inc./tx (CORZ)
CIK:        0001839341
Form:       8-K
Filed at:   2023-05-17T23:59:59+00:00
Accession:  0001193125-23-147063
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839341/000119312523147063/0001193125-23-147063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839341/000119312523147063/d445001d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-147063

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