Core Scientific Inc (CORZ) has provided an update.
Core Scientific, Inc. has solidified its leadership by signing a new employment agreement with Adam Sullivan, ensuring his continued role as CEO and President. Sullivan’s compensation includes a $625,000 base salary, potential annual bonuses, stock incentives, and customary executive benefits. Additionally, his contract details substantial severance benefits and protections, reinforcing the company’s commitment to its top executive. Sullivan’s package also encompasses a notable equity grant, incentivizing long-term performance and alignment with the company’s success.
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