Greenidge appoints Jordan Kovler as CEO, David Anderson becomes Chairman

Greenidge Generation Holdings Inc.

Jordan Kovler appointed CEO effective Nov 16, 2023; David Anderson becomes Chairman, Fazio stays director.
Kovler receives $350k base salary, sign-on bonus, $200k stock grant, 100k options vesting over 3 years, target bonus up to 50%.
Company previously reduced $85.3M net debt (over half) through strategic deleveraging transactions.
Kovler has served on board since March 2023; co-founder of HKL & Co., with Web3 and governance expertise.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Timothy Fazio

Director

GREE · Greenidge Generation Holdings Inc.

Effective: 2023-11-16
Successor: David Anderson
Filed: November 20, 2023, 6:59 PM ET

Mr. Anderson will remain on the Board and will become Chairman of the Board replacing Timothy Fazio in that role.

Role change

David Anderson

Chairman of the Board

GREE · Greenidge Generation Holdings Inc.

Effective: 2023-11-16
Successor: Jordan Kovler
Filed: November 20, 2023, 6:59 PM ET

Mr. Anderson will remain on the Board and will become Chairman of the Board replacing Timothy Fazio in that role.

Appointed

Jordan Kovler

Chief Executive Officer

GREE · Greenidge Generation Holdings Inc.

Effective: 2023-11-16
Filed: November 20, 2023, 6:59 PM ET

On November 16 , 2023, Greenidge Generation Holdings Inc. (the “Company”) appointed one of its members of its Board of Directors (the “Board”), Jordan Kovler, as its new Chief Executive Officer ("CEO")

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Timothy Fazio changed role as Director at Greenidge Generation Holdings Inc..

Action: stepped down as Chairman
Role: Director

Exact text from the filing

Mr. Anderson will remain on the Board and will become Chairman of the Board replacing Timothy Fazio in that role.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David Anderson changed role as Chairman of the Board at Greenidge Generation Holdings Inc..

Action: became Chairman
Role: Chairman of the Board

Exact text from the filing

Mr. Anderson will remain on the Board and will become Chairman of the Board replacing Timothy Fazio in that role.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jordan Kovler was appointed as Chief Executive Officer at Greenidge Generation Holdings Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On November 16 , 2023, Greenidge Generation Holdings Inc. (the “Company”) appointed one of its members of its Board of Directors (the “Board”), Jordan Kovler, as its new Chief Executive Officer ("CEO")

View on SEC.gov

Greenidge Generation Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-039644

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