CFO departure and transition arrangement
Company: Core Scientific
What the later record shows
Delivered on time
By March 6, 2025, before the May 1, 2025 outside date, a successor CFO (Mr. Nygaard) had been appointed in connection with Sterling's departure, which matches the transition terms. The exact departure date is not stated.
“In connection with the appointment of Mr. Nygaard as the Company’s Executive Vice President, Chief Financial Officer, the departure of Ms.”
2025-03-06 · Core Scientific 424B3 filed 2025-03-07 View cached copy (2026-08-31)Live source ↗
“the employment of Ms. Sterling will terminate on May 1, 2025, unless her employment is terminated earlier as provided in the agreement.”
2025-03-11 · Core Scientific PRE 14A filed 2025-03-12 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
Denise Sterling, Executive Vice President and Chief Financial Officer, informed the Company on September 5, 2024 of her intention to resign, with employment continuing through May 1, 2025 or the hiring of her successor, whichever is earlier.
Source (primary)
Core Scientific 424B3 filed 2024-09-09 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “On September 5, 2024, Denise Sterling, Executive Vice President and Chief Financial Officer of the Company, informed the Company of her intention to resign from the Company pending the appointment of a successor...Ms. Sterling will remain employed with the Company through the earlier of May 1, 2025, or the hiring of her successor.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 8-K in this filing states that on September 5, 2024 the CFO said she intended to resign. It also states she will remain employed until May 1, 2025 or until a successor is hired, whichever comes first.
Confirmed in the source:
- Denise Sterling was Executive Vice President and Chief Financial Officer of Core Scientific
- On September 5, 2024, Ms. Sterling informed the Company of her intention to resign
- Ms. Sterling will remain employed through the earlier of May 1, 2025 or the hiring of her successor
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000162828024039812/a9624prospectussupplement.htm) in full (10,554 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific 424B3 filed 2024-09-09
Quote: “On September 5, 2024, Denise Sterling, Executive Vice President and Chief Financial Officer of the Company, informed the Company of her intention to resign from the Company pending the appointment of a successor...Ms. Sterling will remain employed with the Company through the earlier of May 1, 2025, or the hiring of her successor.”
confirms Core Scientific 424B3 filed 2025-03-07
Quote: “In connection with the appointment of Mr. Nygaard as the Company’s Executive Vice President, Chief Financial Officer, the departure of Ms.”
confirms Core Scientific PRE 14A filed 2025-03-12
Quote: “the employment of Ms. Sterling will terminate on May 1, 2025, unless her employment is terminated earlier as provided in the agreement.”