---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-016953"
form_type: "8-K"
ticker: "MARA"
cik: "0001507605"
company_name: "MARA Holdings, Inc."
filed_at: "2025-06-27T23:59:59+00:00"
generated_at: "2026-05-18T15:48:08.525278+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# MARA shareholders reject say-on-pay, approve equity plan increase at annual meeting

## Summary
- Advisory vote on NEO compensation failed: 73.2M against, 20.2M for, 1.4M abstain.
- Amendment to 2018 Equity Plan approved: authorized shares increased by 18M to 63M total.
- Class II directors Georges Antoun and Jay Leupp elected to three-year terms.
- Ratification of PwC as independent auditor for 2025 approved.

## SEC filing metadata
- accession: 0001641172-25-016953
- form_type: 8-K
- ticker: MARA
- cik: 0001507605
- company_name: MARA Holdings, Inc.
- filed_at: 2025-06-27T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1507605/000164117225016953/0001641172-25-016953-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1507605/000164117225016953/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-016953
- JSON: https://secwatch.observer/filing/0001641172-25-016953.json
- Plain text: https://secwatch.observer/filing/0001641172-25-016953.txt

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