secwatch.observer — SEC 8-K summary
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Issuer:     CLEANSPARK, INC. (CLSK)
CIK:        0000827876
Form:       8-K
Filed at:   2026-03-24T23:59:59+00:00
Accession:  0001193125-26-122201
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827876/000119312526122201/0001193125-26-122201-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827876/000119312526122201/clsk-20260319.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-122201

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