secwatch.observer — SEC 8-K summary
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Issuer:     MARA Holdings, Inc. (MARA)
CIK:        0001507605
Form:       8-K
Filed at:   2024-02-02T23:59:59+00:00
Accession:  0001493152-24-004798
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Marathon Digital grants CEO $22.4M in RSUs; raises 2024 salaries and bonuses for top execs
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- CEO Fred Thiel received FY 2023 LTIP RSUs valued at $22.4M; base salary increased to $950,000.
- CFO Salman Khan received $13.3M in LTIP RSUs; base salary raised to $625,000.
- FY 2023 annual performance bonuses: Thiel $1.8M, Khan $623,438, Crawford $463,500, Swick $450,000.
- FY 2024 bonus targets for CEO/CFO up to 225% of base; COO/CTO/CGO up to 150%; CAO up to 125%.
- Board members each granted $850,000 in immediately vesting RSUs for FY 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1507605/000149315224004798/0001493152-24-004798-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1507605/000149315224004798/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-004798

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