Core Scientific Inc.
05/02/2025 | Press release | Distributed by Public on 05/02/2025 14:12
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 28, 2025, the Compensation Committee of the Board of Directors of Core Scientific, Inc. (the Company"), in consultation with its compensation consultant, Compensia, Inc., approved and adopted an increase to the annual base salary payable to Adam Sullivan, the Company's President and Chief Executive Officer, to $825,000 for the 2025 calendar year. The increase recognizes Mr. Sullivan's contribution to the Company and better positions his annual base salary within the intended competitive positioning of the Company's compensation peer group.
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