S. Matthew Schultz Executive Chairman bonus opportunity
Company: CleanSpark
What the later record shows
Outcome not yet confirmed
No passage confirms that Schultz's bonus opportunity was set at 100% of base salary from October 1, 2022. The only related passage is an October 2023 amendment that raised it to 140% effective October 1, 2023, and it does not state the prior level.
“Mr. Schultz’s Employment Agreement was amended to provide the following compensation to Mr. Schultz: (i) a $720,000 annual base salary, effective October 1, 2023”
2023-10-26 · CleanSpark 8-K filed 2023-10-27 View cached copy (2026-08-31)Live source ↗
Checked October 11, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
100% of base salary bonus opportunity effective October 1, 2022
Source (primary)
CleanSpark 8-K filed 2022-09-14 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “a bonus opportunity equal to 100% of base salary, effective October 1, 2022”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing lists a bonus opportunity equal to 100% of base salary, effective October 1, 2022, in Schultz's amendment.
Confirmed in the source:
- Schultz's amended employment agreement provides a bonus opportunity equal to 100% of base salary
- The bonus opportunity is effective October 1, 2022
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000095017022018440/clsk-20220912.htm) in full (11,501 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 8-K filed 2022-09-14
Quote: “a bonus opportunity equal to 100% of base salary, effective October 1, 2022”