CleanSpark, Inc. Files 8-K: Director, Officer & Compensation Updates
Ticker: CLSKW · Form: 8-K · Filed: Aug 11, 2025 · CIK: 827876
| Field | Detail |
|---|---|
| Company | Cleanspark, Inc. (CLSKW) |
| Form Type | 8-K |
| Filed Date | Aug 11, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001, $165.24, $950,000, $1,583,000, $91,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, officer-changes, director-changes
Related Tickers: CLSK
TL;DR
CLSK filed an 8-K with leadership changes and compensation details.
AI Summary
On August 10, 2025, CleanSpark, Inc. filed an 8-K report detailing several key events. The company announced the election of new directors, changes in certain officer positions, and updates to compensatory arrangements for its officers. The filing also included financial statements and exhibits, along with a Regulation FD disclosure.
Why It Matters
This filing provides crucial updates on the company's leadership and governance structure, which can impact strategic direction and investor confidence.
Risk Assessment
Risk Level: medium — Changes in directors and officers, while common, can signal shifts in strategy or internal dynamics that warrant investor attention.
Key Players & Entities
- CleanSpark, Inc. (company) — Registrant
- August 10, 2025 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of Incorporation
FAQ
What specific changes were made to the board of directors?
The filing indicates the election of new directors, but the specific names and details of their election are not provided in this summary section of the 8-K.
Were there any changes to the executive officer team?
Yes, the filing notes changes in certain officer positions.
What is the nature of the updates to compensatory arrangements?
The filing mentions updates to compensatory arrangements for certain officers, but the specific details of these arrangements are not elaborated upon in this section.
What other items are included in this 8-K filing?
In addition to director and officer changes, the filing includes financial statements, exhibits, and a Regulation FD disclosure.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on August 10, 2025.
Filing Stats: 1,340 words · 5 min read · ~4 pages · Grade level 11.1 · Accepted 2025-08-11 07:05:28
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share CLSK The Nasdaq Stock Mar
- $165.24 — of common stock at an exercise price of $165.24 per whole share CLSKW The Nasdaq St
- $950,000 — mong other things, pay Mr. Bradford (i) $950,000, representing twelve months' base salar
- $1,583,000 — ments over a twelve-month period, (iii) $1,583,000, which amount represents a prorated por
- $91,000 — bonus for 2025, and (iv) approximately $91,000 in respect of accrued paid time off. Pu
- $50,000 — t, Mr. Bradford will also receive up to $50,000 in a lump sum for continued security pr
Filing Documents
- clsk-20250810.htm (8-K) — 61KB
- clsk-ex10_1.htm (EX-10.1) — 102KB
- clsk-ex99_1.htm (EX-99.1) — 21KB
- 0000950170-25-106224.txt ( ) — 347KB
- clsk-20250810.xsd (EX-101.SCH) — 44KB
- clsk-20250810_htm.xml (XML) — 6KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On August 11, 2025, the Company issued a press release announcing the appointment Mr. Schultz as President and Chief Executive Officer and the resignation of Mr. Bradford. A copy of the press release is furnished with this Report as Exhibit 99.1 and is incorporated herein by reference. The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing under the Act, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description *+10.1 Separation and General Release Agreement between the Company and Zachary K. Bradford dated August 10, 2025. 99.1 Press Release, dated August 11, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Management contract or compensatory plan or arrangement. + Portions of this exhibit have been redacted in compliance with Item 601(b)(10) of Regulation S-K.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CLEANSPARK, INC. Date: August 11, 2025 By: /s/ Gary Vecchiarelli Gary Vecchiarelli, Chief Financial Officer