{"id":68748,"date":"2022-10-18T13:36:46","date_gmt":"2022-10-18T10:36:46","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=68748"},"modified":"2025-09-07T15:51:00","modified_gmt":"2025-09-07T12:51:00","slug":"marathon-to-pay-24-million-to-former-ceo","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/marathon-to-pay-24-million-to-former-ceo\/","title":{"rendered":"Marathon to pay $24 million to former CEO"},"content":{"rendered":"<p>Mining company Marathon Digital Holdings reached a global settlement with former chief executive Merrick Okamoto regarding compensation for restricted stock.<\/p>\n<p>According to a filing with the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1507605\/000149315222028520\/form8-k.htm\">\u0444\u043e\u0440\u043c\u0435<\/a>, Marathon will pay him $24 million.<\/p>\n<p>Okamoto agreed to the settlement and \u201ca broad disclosure of known and unknown claims against the company\u201d related to the 2018 shareholder-incentive plan.<\/p>\n<p>He <a href=\"https:\/\/www.globenewswire.com\/en\/news-release\/2021\/12\/15\/2353118\/0\/en\/Marathon-Digital-Holdings-Announces-Executive-Chairman-s-Retirement-and-Succession-Plan.html\">\u043f\u043e\u043a\u0438\u043d\u0443\u043b<\/a> posts as CEO and chairman of the board at the end of 2021. In both roles, his successor was Fred Thiel.<\/p>\n<p>With the latter, as with four other individuals, Marathon also reached a global settlement regarding the stock-incentive awards. The total payout will be $1 million.<\/p>\n<p>As reported in September, Marathon <a href=\"https:\/\/u1f987.com\/en\/news\/marathon-digital-raises-reserves-to-10670-btc\">mined 360 BTC<\/a> and increased its cryptocurrency reserves to 10,670 BTC.<\/p>\n<p>Most of the company\u2019s equipment is deployed at the hosting provider Compute North, which previously <a href=\"https:\/\/u1f987.com\/en\/news\/compute-north-files-for-bankruptcy\">filed for bankruptcy<\/a>.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 crypto news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mining company Marathon Digital Holdings reached a global settlement with former chief executive Merrick Okamoto regarding compensation for restricted stock.<\/p>\n","protected":false},"author":1,"featured_media":68749,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[83,1137,1185],"class_list":["post-68748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-business","tag-cryptocurrency-mining","tag-marathon-digital-holdings"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/68748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=68748"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/68748\/revisions"}],"predecessor-version":[{"id":68750,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/68748\/revisions\/68750"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/68749"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=68748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=68748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=68748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}