Merrick Okamoto retiring as Executive Chairman; CEO Fred Thiel named Chairman effective Jan 1, 2022

MARA Holdings, Inc.

Okamoto retires Dec 31, 2021 under Severance Agreement; receives 83,333 RSUs vesting immediately.
Also receives accrued wages (~$31k) and 2021 bonus (~$371k) plus medical reimbursement through Dec 31, 2022.
CEO Fred Thiel appointed Chairman of Board effective Jan 1, 2022; will hold both roles with no extra compensation.
Company evaluating candidates to fill board vacancy created by Okamoto's departure.
Okamoto joined in 2017; helped restructure Marathon from near insolvency to ~$4B market cap bitcoin miner.

item 1.01 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Fred Thiel

Chairman of the Board

MARA · MARA Holdings, Inc.

Effective: 2022-01-01
Filed: December 21, 2021, 6:59 PM ET

Item 5.02 Departure of Officer or Director; Appointment of Officer or Director

Departed

Merrick Okamoto

Executive Chairman

MARA · MARA Holdings, Inc.

Effective: 2021-12-31
Successor: Fred Thiel
Filed: December 21, 2021, 6:59 PM ET

Item 5.02 Departure of Officer or Director; Appointment of Officer or Director

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.6

Fred Thiel was appointed as Chairman of the Board at MARA Holdings, Inc..

Action: appointed
Role: Chairman of the Board

Exact text from the filing

Item 5.02 Departure of Officer or Director; Appointment of Officer or Director

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.6

Merrick Okamoto retired as Executive Chairman at MARA Holdings, Inc..

Action: retired
Role: Executive Chairman

Exact text from the filing

Item 5.02 Departure of Officer or Director; Appointment of Officer or Director

View on SEC.gov

MARA Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-21-032187

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.