secwatch.observer — SEC 8-K summary
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Issuer:     MARA Holdings, Inc. (MARA)
CIK:        0001507605
Form:       8-K
Filed at:   2021-12-21T23:59:59+00:00
Accession:  0001493152-21-032187
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1507605/000149315221032187/0001493152-21-032187-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1507605/000149315221032187/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-032187

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