CFO Simeon Salzman resigning effective Nov 15, 2024; company to search for successor

American Bitcoin Corp.

Salzman will stay through Nov 15, 2024, to assist transition; departure not related to financial statements or controls.
Letter agreement provides $200K annual salary, 50% target bonus, and release from non-compete upon continued employment and release of claims.
Unvested equity awards as of Employment End Date will be forfeited for no consideration.
Company will initiate search for a new CFO; Salzman remains in role until after Q3 10-Q filing.

item 5.02 item 8.01 item 9.01

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Departed

Simeon Salzman

Chief Financial Officer

ABTC · American Bitcoin Corp.

Effective: 2024-11-15
Filed: August 2, 2024, 7:59 PM ET

On July 29, 2024, Mr. Simeon Salzman, the Chief Financial Officer of Gryphon Digital Mining, Inc., a Delaware corporation (the “Company”), informed the Company of his decision to voluntarily resign from his position to pursue other professional opportunities (the “Resignation”).

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Executive change SEC 8-K Item 5.02 confidence 0.95

Simeon Salzman resigned as Chief Financial Officer at American Bitcoin Corp..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On July 29, 2024, Mr. Simeon Salzman, the Chief Financial Officer of Gryphon Digital Mining, Inc., a Delaware corporation (the “Company”), informed the Company of his decision to voluntarily resign from his position to pursue other professional opportunities (the “Resignation”).

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American Bitcoin Corp. filing history →

Source: SEC EDGAR

accession 0001213900-24-064822

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