---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-122201"
form_type: "8-K"
ticker: "CLSK"
cik: "0000827876"
company_name: "CLEANSPARK, INC."
filed_at: "2026-03-24T23:59:59+00:00"
generated_at: "2026-05-15T09:18:17.287070+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# CleanSpark eliminates quarterly preferred dividend; approves special $17.14/sh dividend

## Summary
- Quarterly dividend on Series A Preferred (2% of EBITDA) eliminated; holders get one-time special dividend of $17.142857 per share.
- Voting rights changed: insiders holding majority of preferred shares decide vote; otherwise follows board recommendation or common vote proportionally.
- Each share of Series A Preferred automatically converts into 3 common shares upon a change of control event.
- Special dividend payable on/about March 24, 2026 to holders of record March 19, 2026.
- Series A Preferred held by CEO S. Matthew Schultz, board member Larry McNeill, entity controlled by them, and former CEO Zachary Bradford.

## SEC filing metadata
- accession: 0001193125-26-122201
- form_type: 8-K
- ticker: CLSK
- cik: 0000827876
- company_name: CLEANSPARK, INC.
- filed_at: 2026-03-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/827876/000119312526122201/0001193125-26-122201-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/827876/000119312526122201/clsk-20260319.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-122201
- JSON: https://secwatch.observer/filing/0001193125-26-122201.json
- Plain text: https://secwatch.observer/filing/0001193125-26-122201.txt

## Source-grounded claims
- claim_id: 652c5ba93e4204cd2dd262650be192feffe7da7c
  claim: CLEANSPARK, INC.: Amended and Restated Certificate of Designation of Series A Preferred Stock to eliminate quarterly dividend, provide one-time special dividend, modify voting rights, and add conversion upon change of control (effective 2026-03-20).
  evidence_excerpt: On March 20, 2026, CleanSpark, Inc. (the “Company”) filed a First Amended and Restated Certificate of Designation of Series A Preferred Stock (the “Amended and Restated CoD”) with the office of the Nevada Secretary of State, which became effective on such date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/827876/000119312526122201/0001193125-26-122201-index.htm

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