Marathon Digital CEO Thiel Adds Chairman Role
Ticker: MARA · Form: 8-K · Filed: May 6, 2024 · CIK: 1507605
| Field | Detail |
|---|---|
| Company | Marathon Digital Holdings, Inc. (MARA) |
| Form Type | 8-K |
| Filed Date | May 6, 2024 |
| Risk Level | low |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $20.77, $16.07 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, board-of-directors, executive-appointment
Related Tickers: MARA
TL;DR
Thiel is now CEO AND Chairman at Marathon Digital. Okamoto out.
AI Summary
Marathon Digital Holdings, Inc. announced on May 1, 2024, the appointment of Fred Thiel as Chief Executive Officer and Chairman of the Board, effective immediately. Thiel, who has been CEO since 2021, will now also assume the Chairman role previously held by Merrick Okamoto. The company also announced the departure of director Douglas Brown.
Why It Matters
This leadership change consolidates power under the current CEO, potentially signaling a more unified strategic direction for the company.
Risk Assessment
Risk Level: low — The filing reports routine executive and board changes, which are common in publicly traded companies and do not inherently indicate significant financial or operational risk.
Key Players & Entities
- Marathon Digital Holdings, Inc. (company) — Registrant
- Fred Thiel (person) — Appointed CEO and Chairman
- Merrick Okamoto (person) — Former Chairman
- Douglas Brown (person) — Departing Director
- May 1, 2024 (date) — Effective date of changes
FAQ
Who has been appointed as the new Chairman of the Board for Marathon Digital Holdings, Inc.?
Fred Thiel has been appointed as the new Chairman of the Board, in addition to his role as CEO.
When were these leadership changes effective?
The changes were effective as of May 1, 2024.
Who previously held the position of Chairman of the Board?
Merrick Okamoto previously held the position of Chairman of the Board.
Has Fred Thiel previously held a leadership role at Marathon Digital Holdings, Inc.?
Yes, Fred Thiel has been the Chief Executive Officer of Marathon Digital Holdings, Inc. since 2021.
Were there any other notable changes in the Board of Directors mentioned in this filing?
Yes, the filing also notes the departure of director Douglas Brown.
Filing Stats: 1,671 words · 7 min read · ~6 pages · Grade level 13.1 · Accepted 2024-05-06 09:00:21
Key Financial Figures
- $20.77 — and including the grant date, which was $20.77 per share. Notably, this per share valu
- $16.07 — mmon stock on the grant date, which was $16.07. As a result, the grant date fair value
Filing Documents
- form8-k.htm (8-K) — 70KB
- 0001493152-24-017855.txt ( ) — 247KB
- mara-20240501.xsd (EX-101.SCH) — 3KB
- mara-20240501_lab.xml (EX-101.LAB) — 34KB
- mara-20240501_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
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. MARATHON DIGITAL HOLDINGS, INC. Date: May 6, 2024 By: /s/ Zabi Nowaid Name: Zabi Nowaid Title: General Counsel and Corporate Secretary