Company: ARBK
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001104659-25-049311
Chunk: 44

Company: Argo Blockchain Plc
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4A
Chunk 44
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 no agreements or understandings between the directors and members of senior management and any of our major shareholders, customers, suppliers or other persons pursuant to which such directors and members of senior management were selected as directors or members of senior management.

Changes to Our Executive Officers and Board of Directors

Thomas Chippas resigned from his position as Chief Executive Officer and Executive Director effective February 28, 2025. Mr. Chippas did not receive a settlement in respect of his separation but continues to be bound to the restrictive covenants outlined in his employment contract with respect to confidentiality, non-solicitation, non-competition and intellectual property.

Effective January 21, 2025, Jim MacCallum was named Interim Chief Executive Officer in addition to his role as Chief Financial Officer.

Effective March 22, 2025, Justin Nolan was named as Chief Executive Officer and Executive Director.

  Compensation  

Executive Officer Remuneration

The following table sets forth the compensation paid to our executive officers during the fiscal year ended December 31, 2024. Compensation consisted of fixed and variable elements. During 2024, we paid our executive officers a base salary, an annual cash bonus, and equity in the form of either Restricted Share Units or Performance Share Units.

                                                                                EQUITY            LOSS OF               
                                                      SALARY       BONUS        COMPENSATION      OFFICE       TOTAL    
  NAME AND PRINCIPAL POSITION                         $            ($) (1)      ($) (2)           ($)          ($)      
  Thomas Chippas                                      400,000      —            —                 —            400,000  
  Chief Executive Officer and Executive Director                                                                        
  Jim MacCallum                                       307,115      131,156      139,279           —            577,550  
  Chief Financial Officer                                                                                               

  (1)      Amounts shown reflect the discretionary cash bonuses that our board of directors awarded to the executive officers in 2024 for performance in 2023.  
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  (2)      Further described in “ - Equity Officer Service Agreements,” Mr. Chippas was entitled to certain employer matching contributions under a 401k plan maintained by the Company during 2024. Mr. Chi...  

Table of Contents

Non-Executive Director Remuneration

The following table presents the individual compensation and benefits provided to our non-executive directors in their capacity as non-executive