Greenidge Generation Holdings Inc. filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
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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 November 12, 2024, the Board of Directors (the “Board”) of Greenidge Generation Holdings Inc. (the “Company”) executed an unanimous written consent pursuant to which the Board approved the Second Amended and Restated 2021 Equity Incentive Plan (the “Second Amended and Restated Plan”).
The Second Amended and Restated Plan provides for an increase in the maximum aggregate number of shares of the Company’s Class A common stock, par value $0.0001 per share (“Class A common stock”), that may be issued by 700,000 shares of Class A common stock, from 883,111 shares of Class A common stock under the Company’s Amended and Restated 2021 Equity Incentive Plan to 1,583,111 shares of Class A common stock under the Second Amended and Restated Plan (such increase in shares of Class A common stock authorized for issuance referred to hereafter as the “Authorized Share Increase”).
On November 13, 2024, entities controlled by Atlas Capital Resources GP LLC, which as of November 12, 2024 (the “Record Date”), beneficially owned 119,047 shares of Class A common stock and 2,680,030 shares of the Company’s Class B common stock, par value $0.0001 per share, representing 74.7% of the total voting power of the Company’s outstanding capital stock entitled to vote in a stockholder meeting of the Company, as of the Record Date, executed a written consent pursuant to which it approved the Authorized Share Increase and adopted the Second Amended and Restated Plan, such Authorized Share Increase and Second Amended and Restated Plan to be effective 40 calendar days after the date that the Notice of Internet Availability of the Information Statement is sent or given to the Company’s stockholders.
The foregoing description of the Second Amended and Restated Plan does not purport to be complete and is qualified in its entirety by reference to the Second Amended and Restated Plan attached as Annex A to the Information Statement, a copy of which is filed as Exhibits 10.1 hereto and is hereby incorporated into this report by reference.
Item 5.07 – Submission of Matters to a Vote of Security Holders.
See the information set forth in Item 5.02 to this Current Report on Form 8-K.
Item 9.01 – Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |
| 10.1 | Second Amended and Restated 2021 Equity Incentive Plan (incorporated by reference to Annex A to the Definitive Information Statement on Form DEF 14C filed with the SEC on November 18, 2024). | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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: November 18, 2024