Leverton severance - cash payment in lieu of notice
Company: Hut 8
What the later record shows
Partly delivered
The 2025 proxy shows $1,023,847 of the $1,100,000 severance installments paid in fiscal 2024. No passage confirms the final installments in early 2025.
“Leverton in the fiscal year ended December 31, 2024 includes: (i) installment severance payments of $1,023,847”
2025-04-29 · Hut 8 DEF 14A filed 2025-04-30 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
Leverton will receive USD $1,100,000 as cash payment in lieu of notice, paid in equal installments over one year
Source (primary)
Hut 8 8-K filed 2024-02-12 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “a cash payment in lieu of notice equal to USD$1,100,000 paid in equal installments for one year”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The separation terms include a USD $1,100,000 cash payment in lieu of notice paid in equal installments for one year, conditioned on her signing a release and honoring her ongoing obligations.
Confirmed in the source:
- Leverton's severance includes a cash payment in lieu of notice of USD $1,100,000
- The payment is made in equal installments over one year
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1964789/000110465924014634/tm245886d2_8k.htm) in full (7,987 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Hut 8 8-K filed 2024-02-12
Quote: “a cash payment in lieu of notice equal to USD$1,100,000 paid in equal installments for one year”