Mawson Infrastructure appoints Rahul Mewawalla as CEO; James Manning steps down

Big Digital Energy, Inc.

Rahul Mewawalla appointed CEO and President effective May 22, 2023; previously an independent director.
Mewawalla receives $750k base salary, $500k sign-on RSUs, annual target bonuses (125% cash + 100% RSUs), and 1,750,000 options with strike prices $4 to $20.
Outgoing CEO James Manning receives termination benefits including AUD 800k salary, AUD 716,919 short-term incentive, AUD 418,652 leave payout, and 1,350,000 new RSUs.
Manning remains a non-executive director; his employment agreement was terminated; he will assist with transition.
Company to focus more strongly on U.S. operations and expansion.

item 1.01 item 5.02 item 1.02 item 9.01

Executive movements

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Appointed

Rahul Mewawalla

Chief Executive Officer and President

BGDE · Big Digital Energy, Inc.

Effective: 2023-05-22
Filed: May 25, 2023, 7:59 PM ET

On May 22, 2023 the Board of Directors (“the Board ”) of Mawson Infrastructure Group Inc. (“the Company ”) appointed Rahul Mewawalla, 44, to serve as Chief Executive Officer and President of the Company, effective immediately.

Departed

James Manning

Chief Executive Officer

BGDE · Big Digital Energy, Inc.

Effective: 2023-05-22
Successor: Rahul Mewawalla
Filed: May 25, 2023, 7:59 PM ET

Mr. James Manning will step down as Chief Executive Officer of the Company, effective May 22, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Rahul Mewawalla was appointed as Chief Executive Officer and President at Big Digital Energy, Inc..

Action: appointed
Role: Chief Executive Officer and President

Exact text from the filing

On May 22, 2023 the Board of Directors (“the Board ”) of Mawson Infrastructure Group Inc. (“the Company ”) appointed Rahul Mewawalla, 44, to serve as Chief Executive Officer and President of the Company, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

James Manning departed as Chief Executive Officer at Big Digital Energy, Inc..

Action: stepped down
Role: Chief Executive Officer

Exact text from the filing

Mr. James Manning will step down as Chief Executive Officer of the Company, effective May 22, 2023.

View on SEC.gov

Big Digital Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-043067

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