secwatch.observer — SEC 8-K summary
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Issuer:     MARA Holdings, Inc. (MARA)
CIK:        0001507605
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001493152-24-017855
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Marathon Digital grants LTIP awards up to $34.2M for CEO; reorganizes into business units
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- CEO Fred Thiel receives LTIP target value of $17.1M in RSUs; maximum payout at 200% of target is $34.2M.
- CFO Salman Khan target value $11.25M; General Counsel Zabi Nowaid target $4.5M.
- Vesting tied to 2024 TSR vs peer group percentile; payout ranges from 0% to 200% of target.
- Company reorganizes into three business units: digital asset mining (James Crawford), technology (Ashu Swami), strategic initiatives & energy harvesting (Adam Swick).
- LTIP awards have a three-year service vesting after performance determination in Jan 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1507605/000149315224017855/0001493152-24-017855-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1507605/000149315224017855/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-017855

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