John Lee Chief Accounting Officer
Company: Marathon Digital
What the later record shows
Not a promise: a reported event · happened November 21, 2022
The appointment and employment agreement had already taken effect on November 21, 2022 when this was said in April 2023. The 10-K exhibit list confirms the agreement's date.
“Executive Employment Agreement, dated November 21, 2022, by and between Marathon Digital Holdings, Inc. and John Lee”
2024-02-27 · Marathon Digital 10-K filed 2024-02-28 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
John Lee appointed as Chief Accounting Officer effective November 21, 2022, under three-year employment agreement with base salary of $300,000 with annual 3% increases and $35,000 signing bonus
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 November 21, 2022, John Lee was appointed Chief Accounting Officer of the Company. Effective the same date, the Company entered into an Executive Employment Agreement with Mr. Lee. 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. Lee's annual base salary is $300,000 with annual 3% cost of living increases and bonuses at the discretion of the Company's Board of Directors. Mr. Lee was also granted a signing bonus of $35,000.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing's narrative states each of these terms, though its officer table separately lists Lee's first appointment date as October 31, 2022.
Confirmed in the source:
- John Lee was appointed Chief Accounting Officer effective November 21, 2022
- Lee's employment agreement has a three-year term
- Lee's annual base salary is $300,000 with annual 3% cost-of-living increases
- Lee received a $35,000 signing bonus
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 November 21, 2022, John Lee was appointed Chief Accounting Officer of the Company. Effective the same date, the Company entered into an Executive Employment Agreement with Mr. Lee. 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. Lee's annual base salary is $300,000 with annual 3% cost of living increases and bonuses at the discretion of the Company's Board of Directors. Mr. Lee was also granted a signing bonus of $35,000.”