Core Scientific CFO Denise Sterling to step down by May 2025; transition agreement signed

Core Scientific, Inc./tx

Sterling to resign as EVP/CFO effective May 1, 2025 or upon hiring successor; will assist transition.
Base salary $500k retroactive to May 2, 2024; $500k retention bonus if employed through Dec 31, 2024.
Received one-time RSU grant of 318,613 time-based units vesting March 31, 2025.
Company launched nationwide search with executive search firm; departure not due to disagreement.
CEO cites Sterling's role in restructuring and $460M convertible note offering.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Denise Sterling

Executive Vice President and Chief Financial Officer

CORZ · Core Scientific, Inc./tx

Filed: September 6, 2024, 7:59 PM ET

On September 5, 2024, Denise Sterling, Executive Vice President and Chief Financial Officer of the Company, informed the Company of her intention to resign from the Company pending the appointment of a successor.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Denise Sterling departed as Executive Vice President and Chief Financial Officer at Core Scientific, Inc./tx.

Action: resign
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On September 5, 2024, Denise Sterling, Executive Vice President and Chief Financial Officer of the Company, informed the Company of her intention to resign from the Company pending the appointment of a successor.

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Core Scientific, Inc./tx filing history →

Source: SEC EDGAR

accession 0001628280-24-039711

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