Core Scientific Elects New Directors Post-Bankruptcy
Ticker: CORZR · Form: 8-K · Filed: Apr 3, 2024 · CIK: 1839341
| Field | Detail |
|---|---|
| Company | Core Scientific, Inc./Tx (CORZR) |
| Form Type | 8-K |
| Filed Date | Apr 3, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.00001, $6.81, $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, board-changes, restructuring
TL;DR
New board members for Core Scientific after bankruptcy. Big changes ahead?
AI Summary
Core Scientific, Inc. announced on April 3, 2024, the election of three new directors: Michael J. Trice, David J. Stark, and William J. Rogers, Jr. This follows the company's emergence from bankruptcy. The filing also details compensatory arrangements for certain officers, though specific details and dollar amounts are not provided in this excerpt.
Why It Matters
The appointment of new directors signifies a new chapter for Core Scientific after its restructuring, potentially impacting its strategic direction and governance.
Risk Assessment
Risk Level: medium — The company has recently emerged from bankruptcy, indicating a period of significant financial and operational transition, which inherently carries higher risk.
Key Numbers
- 001-40046 — SEC File Number (Identifies the company's filing with the SEC.)
- 20240403 — Report Date (Date of the earliest event reported in the filing.)
Key Players & Entities
- Core Scientific, Inc. (company) — Registrant
- Michael J. Trice (person) — Newly elected director
- David J. Stark (person) — Newly elected director
- William J. Rogers, Jr. (person) — Newly elected director
- Power & Digital Infrastructure Acquisition Corp. (company) — Former company name
FAQ
Who are the newly elected directors of Core Scientific, Inc.?
The newly elected directors are Michael J. Trice, David J. Stark, and William J. Rogers, Jr.
What is the significance of this 8-K filing for Core Scientific, Inc.?
This filing reports the election of new directors and details compensatory arrangements for certain officers, marking a post-bankruptcy governance update.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on April 3, 2024.
What was Core Scientific, Inc.'s former company name?
Core Scientific, Inc.'s former company name was Power & Digital Infrastructure Acquisition Corp.
What are the main items reported in this 8-K filing?
This 8-K filing reports the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as financial statements and exhibits.
Filing Stats: 556 words · 2 min read · ~2 pages · Grade level 12.8 · Accepted 2024-04-03 16:05:13
Key Financial Figures
- $0.00001 — ich registered Common stock, par value $0.00001 per share CORZ The Nasdaq Global Selec
- $6.81 — of common stock at an exercise price of $6.81 per share CORZW The Nasdaq Global Sel
- $0.01 — of common stock at an exercise price of $0.01 per share CORZZ The Nasdaq Global Sel
Filing Documents
- core-20240403.htm (8-K) — 36KB
- 0001628280-24-014576.txt ( ) — 214KB
- core-20240403.xsd (EX-101.SCH) — 3KB
- core-20240403_def.xml (EX-101.DEF) — 17KB
- core-20240403_lab.xml (EX-101.LAB) — 30KB
- core-20240403_pre.xml (EX-101.PRE) — 17KB
- core-20240403_htm.xml (XML) — 5KB
01 Financial Statement and Exhibits
Item 9.01 Financial Statement and Exhibits (d) Exhibits: Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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. Core Scientific, Inc. Dated: April 3, 2024 By: /s/ Todd M. DuChene Name: Todd M. DuChene Title: Chief Legal Officer and Chief Administrative Officer