Schultz CEO compensation agreement
Company: CleanSpark
What the later record shows
Delivered on time · happened September 4, 2025
The 2026 proxy says CleanSpark entered into Schultz's employment agreement on September 4, 2025, with a $950,000 base salary and 1.2 BTC per month. The passages do not separately confirm the bonus terms or the 627,753 RSU count.
“On September 4, 2025, we entered into an employment agreement with S. Matthew Schultz”
2026-01-21 · CleanSpark DEF 14A filed 2026-01-22 View cached copy (2026-08-31)Live source ↗
“Mr. Schultz receives a $950,000 annual base salary (subject to Board review) and 1.2 BTC per month”
2026-01-21 · CleanSpark DEF 14A filed 2026-01-22 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
S. Matthew Schultz to receive annual base salary of $950,000, annual discretionary bonus up to 200% of base salary (target $1,900,000), 627,753 restricted stock units vesting over three years, and 1.2 bitcoin per month
Source (primary)
CleanSpark 8-K filed 2025-09-08 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “S. Matthew Schultz $950,000 up to 200% $1,900,000 627,753; In addition, Mr. Schultz will receive 1.2 bitcoin per month.”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The employment agreement table and accompanying text set out each of these terms for Schultz.
Confirmed in the source:
- Schultz's annual base salary is $950,000
- Schultz's annual discretionary bonus is up to 200% of base salary, with a target amount of $1,900,000
- Schultz receives 627,753 RSUs vesting in three equal annual installments over three years
- Schultz receives 1.2 bitcoin per month
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000095017025113381/clsk-20250904.htm) in full (15,035 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 8-K filed 2025-09-08
Quote: “S. Matthew Schultz $950,000 up to 200% $1,900,000 627,753; In addition, Mr. Schultz will receive 1.2 bitcoin per month.”
confirms CleanSpark DEF 14A filed 2026-01-22
Quote: “On September 4, 2025, we entered into an employment agreement with S. Matthew Schultz”