Greenidge Generation Holdings Inc. filed SEC Form 8-K: Leadership Update
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Finance: Consumer Services
Finance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. | ||
On April 15, 2026, each of Kenneth Fearn and Christopher Krug notified Greenidge Generation Holdings Inc. (the “Company”) of his resignation as a member of the Company’s Board of Directors (the “Board”), effective as of April 15, 2026 (the “Resignation Effective Date”). Mr. Fearn served as a member of the Board’s Audit Committee, and Mr. Krug served as a member of the Board’s Compensation Committee.
Neither Mr. Krug’s resignation nor Mr. Fearn’s resignation resulted from any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. The Board thanks Messrs. Fearn and Krug for their service and contributions to the Company.
In connection with the foregoing resignations, on April 15, 2026, the Compensation Committee of the Board approved the accelerated vesting in full, effective as of the Resignation Effective Date, of the outstanding and unvested restricted stock units (“RSUs”) held by the departing directors that were granted to them on April 17, 2025 and November 9, 2025. As a result of such approval, 174,107 RSUs held by each of Mr. Fearn and Mr. Krug vested in full as of the Resignation Effective Date, in each case in accordance with the terms of the Company’s Third Amended and Restated 2021 Equity Incentive Plan and the applicable award documentation.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Greenidge Generation Holdings Inc. | |||||
By: | /s/ Jordan Kovler | ||||
Name: | Jordan Kovler | ||||
Title: | Chief Executive Officer | ||||
Date: April 16, 2026