---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-025065"
form_type: "8-K"
ticker: "CORZ"
cik: "0001839341"
company_name: "Core Scientific, Inc./tx"
filed_at: "2025-05-13T23:59:59+00:00"
generated_at: "2026-05-21T17:43:52.115851+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Core Scientific say-on-pay fails; shareholders approve 48M share incentive plan

## Summary
- Say-on-pay vote fails with 113.6M against vs 70.4M for (61% opposed); non-binding but strong shareholder disapproval.
- Stockholders approve increase in 2024 Stock Incentive Plan share reserve to 48 million shares (from prior limit).
- Annual Meeting adjourned for proposals 4–6 (charter amendments to declassify board, remove supermajority, eliminate creditor consent); reconvenes May 23.
- Adam Sullivan elected director with 178.6M votes for; KPMG ratified as auditor for FY2025.
- Advisory vote on frequency: 1 year selected; board will hold annual say-on-pay votes.

## SEC filing metadata
- accession: 0001628280-25-025065
- form_type: 8-K
- ticker: CORZ
- cik: 0001839341
- company_name: Core Scientific, Inc./tx
- filed_at: 2025-05-13T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1839341/000162828025025065/0001628280-25-025065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1839341/000162828025025065/core-20250512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-025065
- JSON: https://secwatch.observer/filing/0001628280-25-025065.json
- Plain text: https://secwatch.observer/filing/0001628280-25-025065.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.