Marathon Digital appoints John Lee as Chief Accounting Officer; Sim Salzman resigns

MARA Holdings, Inc.

John Lee appointed CAO effective Nov 21, 2022; CPA with 30+ years experience.
Sim Salzman resigned as CAO, will remain VP-Finance through April 1, 2023 for transition.
Lee's base salary $300k, signing bonus $35k, 120k RSUs with multi-year vesting.
Employment agreement has 3-year initial term with automatic renewal provisions.
Salzman to pursue other interests; severance terms still under review.

item 5.02 item 9.01

Executive movements

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Appointed

John Lee

Chief Accounting Officer

MARA · MARA Holdings, Inc.

Effective: 2022-11-21
Filed: November 28, 2022, 6:59 PM ET

Effective November 21, 2022, John Lee was appointed Chief Accounting Officer of the Company.

Departed

Sim Salzman

Chief Accounting Officer

MARA · MARA Holdings, Inc.

Effective: 2022-11-21
Successor: John Lee
Filed: November 28, 2022, 6:59 PM ET

Also on November 21, 2022, Sim Salzman resigned as the Company’s Chief Accounting Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

John Lee was appointed as Chief Accounting Officer at MARA Holdings, Inc..

Action: appointed
Role: Chief Accounting Officer

Exact text from the filing

Effective November 21, 2022, John Lee was appointed Chief Accounting Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Sim Salzman resigned as Chief Accounting Officer at MARA Holdings, Inc..

Action: resigned
Role: Chief Accounting Officer

Exact text from the filing

Also on November 21, 2022, Sim Salzman resigned as the Company’s Chief Accounting Officer.

View on SEC.gov

MARA Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-033853

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