CLEANSPARK INC
For the period ended Jan 22, 2025. Filed Jan 22, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Jan 22, 2025 · Filed Jan 22, 2025
Contents
PAY VERSUS PERFORMANCE
The following tables summarize the relationship between executive compensation for our PEO, other NEOs, and financial performance measures for the Company’s three (3) most recently completed fiscal years, calculated in accordance with Item 402(v) of Regulation S-K. The disclosure included in this section is prescribed by SEC rules and Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and it does not necessarily align with how the Company or the Compensation Committee views the link between the Company’s performance and compensation paid to its NEOs. For discussion of how the Company views and makes decisions with regards to its executive compensation, including alignment with the Company’s performance, see “Compensation Discussion and Analysis” beginning on page 26 of this Proxy Statement. Please review the tables and associated narrative and graphical disclosure together for a more complete presentation of such relationship over the periods presented.
| VALUE OF INITIAL FIXED $100 INVESTMENT BASED ON(4) | ||||||||
|---|---|---|---|---|---|---|---|---|
| FISCAL YEAR(1) | SCT† TOTALFOR PEO($)(2) | CAP† TO PEO($) | AVERAGE SCT† TOTAL FORNON-PEO NEOs($)(2) | AVERAGE CAP† TO NON-PEO NEOs($)(3) | TSR†($) | PEER GROUP TSR†($) | NET INCOME($) | ADJUSTED EBITDA*($)(5) |
| 2024 | 15,441,582 | 31,387,070 | 5,336,410 | 11,667,827 | 80.59 | 43.05 | (145,776,815) | 245,847,501 |
| 2023 | 6,975,812 | 8,820,110 | 4,704,986 | 5,633,412 | 32.87 | 22.59 | (138,148,399) | 25,027,580 |
| 2022 | 27,038,892 | 8,983,877 | 12,632,546 | 4,605,598 | 27.44 | 21.78 | (57,325,554) | 56,056,184 |
† “SCT” = Summary Compensation Table; “CAP” = Compensation Actually Paid;
“TSR” = Total Shareholder Return
- Company-Selected Measure
(1) For the entirety of fiscal year 2024, Zachary K. Bradford served as our PEO. The Company’s non-PEO NEOs were Gary A. Vecchiarelli and S. Matthew Schultz during the entirety of such fiscal year and Scott E. Garrison and Taylor Monnig from May 7, 2024 to September 30, 2024. For the entirety of fiscal year 2023, Zachary K. Bradford served as our PEO, and the Company’s non-PEO NEOs during the entirety of such fiscal year were Gary A. Vecchiarelli and S. Matthew Schultz. For the entirety of fiscal year 2022, Zachary K. Bradford served as our PEO, and the Company’s non-PEO NEOs were S. Matthew Schultz, during the entirety of such fiscal year, Lori Love, from October 1, 2021 to December 14, 2021, and Gary A. Vecchiarelli, from December 15, 2021 to September 30, 2022.
(2) Amounts reported in this column represent (i) the total compensation reported in the Summary Compensation Table for the applicable fiscal year in the case of our PEO and (ii) the average of the total compensation reported in the Summary Compensation Table for the applicable fiscal years for the Company’s non-PEO NEOs for the applicable fiscal years.
(3) To calculate the “compensation actually paid” to our PEO and our non-PEO NEOs, adjustments were made to the amounts reported in the Summary Compensation Table for the applicable fiscal year in accordance with the SEC rules as follows:
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.