Schultz FY2021 market cap bonus (higher threshold)
Company: CleanSpark
What the later record shows
The date slipped
The 2022 and 2023 proxy statements say Schultz's $400,000 bonus tied to the higher market-cap targets was not earned in fiscal 2021. This is a conditional bonus whose condition was not met, and no new date was set.
“an additional cash bonus of $400,000 and the grant of an aggregate of 200,000 restricted stock units based on certain additional Company market capitalization targets, which was not earned in fiscal 2021”
2023-01-22 · CleanSpark DEF 14A filed 2023-01-23 View cached copy (2026-09-13)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Schultz is entitled to an additional cash bonus of $400,000 if the Company achieves certain additional market capitalization targets for fiscal year 2021.
Source (primary)
CleanSpark 8-K filed 2021-04-16 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “an additional cash bonus of $400,000 based on certain additional Company market capitalization targets”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing lists a $400,000 cash bonus, together with 200,000 RSUs, tied to additional market capitalization targets for fiscal 2021.
Confirmed in the source:
- Schultz is entitled to an additional $400,000 cash bonus
- The bonus is based on certain additional Company market capitalization targets
- The bonus applies to fiscal year 2021
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000166357721000188/clsk8k.htm) in full (8,854 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 8-K filed 2021-04-16
Quote: “an additional cash bonus of $400,000 based on certain additional Company market capitalization targets”
delays CleanSpark DEF 14A filed 2023-01-23
Quote: “an additional cash bonus of $400,000 and the grant of an aggregate of 200,000 restricted stock units based on certain additional Company market capitalization targets, which was not earned in fiscal 2021”