Company: CLSKW
Filing Date: 2025-01-22
Form Type: DEF 14A
Source: 0000950170-25-007763
Chunk: 28

Company: CLEANSPARK, INC.
Filing Date: 2025-01-22
Form: DEF 14A
Chunk 28
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 the compensation of the Company’s Chief Executive Officer and other executive officers;

evaluating the performance of these officers in light of those goals and objectives and setting the compensation of these officers based on such evaluations;

administering and interpreting the Company’s cash and equity-based compensation plans and Clawback Policy (as defined below);

annually reviewing and making recommendations to the Board with respect to all cash and equity-based incentive compensation plans and arrangements; and

annually reviewing and evaluating the composition and performance of the Compensation Committee, including the adequacy of the Compensation Committee’s charter.

The Compensation Committee consists of (i) Dr. Thomas L. Wood, who has served as the Chairman of the Compensation Committee since October 2024, and (ii) Larry McNeill. Mr. McNeill previously served as the Compensation Committee Chairman from October 2019 to September 2024. The Board has determined that Dr. Wood and Mr. McNeill are each independent under the applicable Nasdaq listing standards, including the enhanced requirements applicable to compensation committee members, and each current member of the Compensation Committee qualifies as a “non-employee director” as defined in Rule 16b-3 promulgated under the Exchange Act.

The Compensation Committee operates pursuant to a written charter that is available on the Company’s website at investors.cleanspark.com/governance/.

The Compensation Committee may delegate its responsibilities under its charter to one or more subcommittees as it deems appropriate from time to time. The Compensation Committee may also employ a compensation consultant, independent legal counsel, or other adviser to assist in the evaluation of the compensation of the Company’s executive officers and its other duties. In addition to formal meetings held during fiscal year 2024, the Compensation Committee participated in multiple executive compensation discussions.

During fiscal year 2024, the Compensation Committee held five meetings.

Nominations and Corporate Governance Committee

The Nominating Committee is responsible for making recommendations to the Board regarding candidates for directorship and the structure and composition of the Company’s Board and committees of the Board. The Nominating Committee is directly responsible for, among other matters:

identifying, evaluating, and nominating candidates for appointment or election as members of the Board;

developing, recommending, and evaluating a set of corporate governance guidelines applicable to all of the Company’s employees, officers, and directors; and

annually reviewing and evaluating the composition and performance of the Nominating Committee, including the adequacy of the Nominating Committee’s charter.

The Nominating Committee consists of (i)