Company: CLSKW
Filing Date: 2025-01-22
Form Type: DEF 14A
Source: 0000950170-25-007763
Chunk: 44

Company: CLEANSPARK, INC.
Filing Date: 2025-01-22
Form: DEF 14A
Chunk 44
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 and receives feedback from the Compensation Committee, in relation to its delegated authority over non-executive employee compensation.

Independent Compensation Consultant

The Compensation Committee engaged Compensia to provide advice on executive compensation matters, including competitive market analyses, pay-for-performance alignment, and incentive plan design. Compensia did not provide any other services to the company in fiscal year 2024. The Compensation Committee has determined that Compensia is independent and that their work did not raise any conflicts of interest.

Use of Comparative Market Data

On advisement by Compensia, the Compensation Committee approved a peer group of similarly situated technology companies, of which ten engage in bitcoin mining and of which eight engage in ancillary services relating to bitcoin mining and/or have large bitcoin holdings.

“SAY-ON-PAY” VOTE RESULTS

At our 2021 Annual Meeting, our stockholders approved our proposal to hold advisory votes on executive compensation every two years. As such, our last Say-on-Pay vote occurred at the 2023 Annual Meeting, at which 84.1% of stockholder votes cast were in favor of our Say-on-Pay proposal.

#### CleanSpark312025 Proxy Statement
COMPENSATION COMMITTEE REPORT

The Compensation Committee has reviewed and discussed with management the Compensation Discussion and Analysis required by Item 402(b) of Regulation S-K. Based on such review and discussions, the Compensation Committee recommended to the Board that the Compensation Discussion and Analysis referred to above be included in this Proxy Statement.

The Compensation Committee of the Board of Directors

Dr. Thomas L. Wood, Chairman

Larry McNeill

This report of the Compensation Committee is not “soliciting material,” shall not be deemed “filed” with the SEC, and shall not be incorporated by reference by any general statement incorporating by reference this Proxy Statement into any filing under the Securities Act or the Exchange Act whether made before or after the date hereof and irrespective of any general incorporation language in any such filing, except to the extent that we specifically incorporate this information by reference, and shall not otherwise be deemed filed under such Acts.

#### CleanSpark322025 Proxy Statement
EXECUTIVE COMPENSATION

OVERVIEW

This section discusses the material components of the executive compensation program for our NEOs.

This discussion may contain forward-looking statements that are based on our current plans, considerations, expectations, and determinations regarding future compensation programs. Actual compensation programs that we adopt in the future may differ materially from the currently planned programs summarized in this discussion.

SUMMARY COMPENSATION TABLE