Sullivan bonus guarantee and target
Company: Core Scientific
The claim, verbatim
Sullivan eligible for annual bonus with target opportunity of no less than 100% of base salary; guaranteed minimum bonus of $500,000 for 2023
Source (primary)
Core Scientific 8-K filed 2023-05-17 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Mr. Sullivan will be eligible to earn an annual discretionary cash bonus award (the "Annual Bonus") with a target bonus opportunity of no less than 100% of the Base Salary. For the year 2023, Mr. Sullivan will be guaranteed a minimum Annual Bonus amount of $500,000”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document states the 100% target bonus opportunity and the $500,000 guaranteed minimum for 2023.
Confirmed in the source:
- Sullivan is eligible for an annual bonus with a target opportunity of no less than 100% of base salary
- Sullivan is guaranteed a minimum bonus of $500,000 for 2023
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000119312523147063/d445001d8k.htm) in full (5,425 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific 8-K filed 2023-05-17
Quote: “Mr. Sullivan will be eligible to earn an annual discretionary cash bonus award (the "Annual Bonus") with a target bonus opportunity of no less than 100% of the Base Salary. For the year 2023, Mr. Sullivan will be guaranteed a minimum Annual Bonus amount of $500,000”