secwatch.observer — SEC 8-K summary
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Issuer:     MARA Holdings, Inc. (MARA)
CIK:        0001507605
Form:       8-K
Filed at:   2023-06-14T23:59:59+00:00
Accession:  0001493152-23-021175
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marathon Digital appoints Salman Khan as CFO effective June 14, 2023
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- Salman Khan appointed CFO; previously CFO at Verb Technology, and senior roles at Occidental Petroleum.
- Three-year employment agreement with annual base salary of $475,000 and annual 3% cost-of-living increases.
- Signing bonus of $125,000 subject to clawback if employment ends before June 14, 2024.
- Grant of 297,247 RSUs vesting quarterly from July 1, 2024 through July 1, 2027; immediate vesting on change of control.
- Eligible for annual bonus up to 100% of base salary and long-term incentive awards up to 300% of base salary.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1507605/000149315223021175/0001493152-23-021175-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1507605/000149315223021175/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-021175

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