Company: CLSKW
Filing Date: 2025-09-08
Form Type: 8-K
Source: 0000950170-25-113381
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Company: CLEANSPARK, INC.
Filing Date: 2025-09-08
Form: 8-K
Item: Item 5.02
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors, Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Realignment of Leadership Team

On September 8, 2025, the Company announced that effective September 4, 2025, the Company’s Board of Directors (the “ Board”) approved the following changes to executive titles:

• Gary A. Vecchiarelli, the Company’s Chief Financial Officer, has also been appointed as the Company’s President. Mr. Vecchiarelli will retain his title as the Company’s Chief Financial Officer.

• Scott E. Garrison, formerly the Company’s Chief Operating Officer, has been appointed as the Company’s Executive Vice President & Chief Development Officer.

• Taylor Monnig, the Company’s Chief Technology Officer, has also been appointed as the Company’s Chief Operating Officer. Mr. Monnig will retain his title as Chief Technology Officer.

Biographical information regarding each of Mr. Vecchiarelli, Mr. Garrison, and Mr. Monnig is set forth in the Company’s proxy statement for its 2025 annual meeting of stockholders, as filed with the U. S. Securities and Exchange Commission on January 22, 2025, and such information is incorporated by reference herein. There are no family relationships between any of Mr. Vecchiarelli, Mr. Garrison, or Mr. Monnig and any of the Company’s directors, executive officers or persons nominated or chosen by the Company to become a director or executive officer. None of Mr. Vecchiarelli, Mr. Garrison or Mr. Monnig is a participant in, nor is any of Mr. Vecchiarelli, Mr. Garrison, or Mr. Monnig to be a participant in, any related-person transaction or proposed related-person transaction required to be disclosed by Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934, as amended, in connection with his respective appointment.

Entry into Employment Agreements

Effective September 4, 2025, the Company entered into an employment agreement with each of Mr. Schultz, Mr. Vecchiarelli, Mr. Garrison, Mr. Monnig, and with Brian J. Carson, the Company’s Chief Accounting Officer (the “ Employment Agreements”). The Employment Agreements supersede all prior employment agreements entered into between the Company and each of Mr. Schultz, Mr. Vecchiarelli, Mr. Garrison, Mr. Monnig