secwatch.observer — SEC 8-K summary
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Issuer:     Core Scientific, Inc./tx (CORZ)
CIK:        0001839341
Form:       8-K
Filed at:   2024-09-06T23:59:59+00:00
Accession:  0001628280-24-039711
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839341/000162828024039711/0001628280-24-039711-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839341/000162828024039711/core-20240906.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-039711

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