secwatch.observer — SEC 8-K summary
======================================

Issuer:     MARA Holdings, Inc. (MARA)
CIK:        0001507605
Form:       8-K
Filed at:   2022-11-28T23:59:59+00:00
Accession:  0001493152-22-033853
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1507605/000149315222033853/0001493152-22-033853-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1507605/000149315222033853/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-033853

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