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AI brief of an SEC Form 8-K · CleanSpark (CLSK)

CleanSpark names CFO Vecchiarelli president; Schultz CEO pay package set

Neutral Impact 4 of 5 leadership Written later

CleanSpark announced a leadership realignment effective September 4, 2025, adding Gary Vecchiarelli as President while he keeps the CFO role, and giving Taylor Monnig the COO title alongside his CTO role. The company also entered employment agreements with CEO S. Matthew Schultz and four other executives, including 627,753 RSUs for Schultz and bitcoin payments of 1.2 bitcoin per month. The changes concentrate more duties in fewer executives and add bitcoin-based pay, which shareholders may track in future filings.

Key points

  • Gary Vecchiarelli appointed President and retains CFO title; Taylor Monnig appointed COO and retains CTO title, effective September 4, 2025
  • Schultz base salary $950,000 with bonus target up to 200% ($1,900,000) and 627,753 RSUs; he receives 1.2 bitcoin per month
  • Performance and retention RSU grants to Schultz total 1,729,000 each; 25% of Performance RSUs vest September 9, 2025
  • Filing cites $650 million of 0% coupon convertible notes and the GRIID acquisition closed in October 2024 as fiscal 2025 achievements

The filing

CompanyCleanSpark (CLSK)
Form8-K, current report
Filed with the SECSep 8, 2025, 9:19 AM ET
Accession number0000950170-25-113381

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 08, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.