Hugh Gallagher Chief Financial Officer
Company: Marathon Digital
What the later record shows
Not a promise: a reported event · happened March 31, 2022
The claim, made in April 2023, reports an employment agreement already effective March 31, 2022. His 2023 salary of $489,250 equals $475,000 plus the 3% increase.
“Hugh Gallagher 59 March 31, 2022 Chief Financial Officer John Lee 55 October 31, 2022 Chief Accounting Officer”
2023-04-27 · Marathon Digital 10-K/A filed 2023-04-28 View cached copy (2026-09-13)Live source ↗
“Mr. Gallagher is our former Chief Financial Officer who resigned on May 12, 2023.The base salary amount represents the pro-rated portion of his annual base salary ($489,250)”
2024-04-28 · Marathon Digital DEF 14A filed 2024-04-29 View cached copy (2026-08-31)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Hugh Gallagher appointed as Chief Financial Officer effective March 31, 2022, under three-year employment agreement with base salary of $475,000 and annual 3% cost-of-living increases
Source (primary)
Marathon Digital 10-K/A filed 2023-04-28 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Effective March 31, 2022, the Company entered into an Executive Employment Agreement with Mr. Gallagher. The Agreement has a term of three years and automatically renews for successive one year terms unless either party provides notice of nonrenewal at least 90 days prior to the end of the initial term or any renewal term. Mr. Gallagher's annual base salary is $475,000 with annual 3% cost of living increases”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing lists Gallagher as first appointed CFO on March 31, 2022 and states the three-year term, $475,000 salary and 3% annual increases.
Confirmed in the source:
- Hugh Gallagher became Chief Financial Officer effective March 31, 2022
- Gallagher's employment agreement has a three-year term
- Gallagher's annual base salary is $475,000
- Gallagher's salary carries annual 3% cost-of-living increases
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315223014714/form10-ka.htm) in full (81,182 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital 10-K/A filed 2023-04-28
Quote: “Effective March 31, 2022, the Company entered into an Executive Employment Agreement with Mr. Gallagher. The Agreement has a term of three years and automatically renews for successive one year terms unless either party provides notice of nonrenewal at least 90 days prior to the end of the initial term or any renewal term. Mr. Gallagher's annual base salary is $475,000 with annual 3% cost of living increases”