share_log

Hut 8 | 8-K: Current report

SEC announcement ·  Feb 13 05:23
Summary by Futu AI
Hut 8 Corp. announced a significant leadership transition on February 6, 2024, with Asher Genoot, the company's President since November 2023, being appointed as the new Chief Executive Officer, effective immediately. Genoot succeeds Jaime Leverton, who was terminated without cause on the same day. Leverton also resigned from the Board of Directors effective February 12, 2024, with her resignation unrelated to any disagreement with the company's operations, policies, or practices. As part of a separation agreement, Leverton will receive severance benefits including a cash payment, continuation of benefits, vesting of restricted share units, and a bonus payment. Additionally, Hut 8 Corp. entered into a retention arrangement with Shenif Visram, the CFO, providing for a series of retention bonuses and accelerated vesting of restricted share units, contingent upon continued satisfactory performance through specified dates in 2024. The company also notified Aniss Amdiss of his termination as Chief Legal Officer and Corporate Secretary in connection with the company's redomiciliation to Delaware.
Hut 8 Corp. announced a significant leadership transition on February 6, 2024, with Asher Genoot, the company's President since November 2023, being appointed as the new Chief Executive Officer, effective immediately. Genoot succeeds Jaime Leverton, who was terminated without cause on the same day. Leverton also resigned from the Board of Directors effective February 12, 2024, with her resignation unrelated to any disagreement with the company's operations, policies, or practices. As part of a separation agreement, Leverton will receive severance benefits including a cash payment, continuation of benefits, vesting of restricted share units, and a bonus payment. Additionally, Hut 8 Corp. entered into a retention arrangement with Shenif Visram, the CFO, providing for a series of retention bonuses and accelerated vesting of restricted share units, contingent upon continued satisfactory performance through specified dates in 2024. The company also notified Aniss Amdiss of his termination as Chief Legal Officer and Corporate Secretary in connection with the company's redomiciliation to Delaware.
Helpful
Not Helpful

This announcement is a separate document:

Doc 1

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.