Greenidge Generation Holdings Inc. Announces Corporate Changes

TL;DR

GREE board shakeup and shareholder votes incoming, plus new exec pay details.

AI Summary

Greenidge Generation Holdings Inc. announced on November 13, 2024, a series of significant corporate actions. These include the departure of a director, the election of a new director, and changes in officer compensation. Additionally, the company is submitting matters to a vote of its security holders and filing financial statements and exhibits.

Why It Matters

These corporate actions, including director changes and votes by security holders, can signal shifts in company strategy or governance that may impact investors.

Risk Assessment

Risk Level: medium — Changes in board composition and executive compensation, along with votes by security holders, can indicate internal shifts that may affect the company's future performance and stock price.

Key Players & Entities

• Greenidge Generation Holdings Inc. (company) — Registrant
• Delaware (jurisdiction) — State of incorporation
• November 13, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.0001 — mpany's Class A common stock, par value $0.0001 per share ("Class A common stock"), tha

Filing Documents

• e664032_8k-ggh.htm (8-K) — 30KB
• 0001193805-24-001387.txt ( ) — 242KB
• gree-20241113.xsd (EX-101.SCH) — 4KB
• gree-20241113_def.xml (EX-101.DEF) — 26KB
• gree-20241113_lab.xml (EX-101.LAB) — 36KB
• gree-20241113_pre.xml (EX-101.PRE) — 25KB
• e664032_8k-ggh_htm.xml (XML) — 5KB

02 – Departure of Directors or Certain Officers; Election

Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On November 12, 2024, the Board of Directors (the "Board") of Greenidge Generation Holdings Inc. (the "Company") executed an unanimous written consent pursuant to which the Board approved the Second Amended and Restated 2021 Equity Incentive Plan (the "Second Amended and Restated Plan"). The Second Amended and Restated Plan provides for an increase in the maximum aggregate number of shares of the Company's Class A common stock, par value $0.0001 per share ("Class A common stock"), that may be issued by 700,000 shares of Class A common stock, from 883,111 shares of Class A common stock under the Company's Amended and Restated 2021 Equity Incentive Plan to 1,583,111 shares of Class A common stock under the Second Amended and Restated Plan (such increase in shares of Class A common stock authorized for issuance referred to hereafter as the "Authorized Share Increase"). On November 13, 2024, entities controlled by Atlas Capital Resources GP LLC, which as of November 12, 2024 (the "Record Date"), beneficially owned 119,047 shares of Class A common stock and 2,680,030 shares of the Company's Class B common stock, par value $0.0001 per share, representing 74.7% of the total voting power of the Company's outstanding capital stock entitled to vote in a stockholder meeting of the Company, as of the Record Date, executed a written consent pursuant to which it approved the Authorized Share Increase and adopted the Second Amended and Restated Plan, such Authorized Share Increase and Second Amended and Restated Plan to be effective 40 calendar days after the date that the Notice of Internet Availability of the Information Statement is sent or given to the Company's stockholders. The foregoing description of the Second Amended and Restated Plan does not purport to be complete and is qualified in its entirety by referen

07 – Submission of Matters to a Vote of Security Holders

Item 5.07 – Submission of Matters to a Vote of Security Holders. See the information set forth in Item 5.02 to this Current Report on Form 8-K.

01 – Financial Statements

Item 9.01 – Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Second Amended and Restated 2021 Equity Incentive Plan (incorporated by reference to Annex A to the Definitive Information Statement on Form DEF 14C filed with the SEC on November 18, 2024). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE 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. Greenidge Generation Holdings Inc. By: /s/ Jordan Kovler Name: Jordan Kovler Title: Chief Executive Officer Date: November 18, 2024

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View this 8-K filing on SEC EDGAR