MARA: What Happened Now?
$Marathon Digital Holdings Inc(MARA)$
Proposal 1: As stated the goal of the LTIP, “align the interests of the Company’s employees with those of its stockholders through peer indexed performance-based awards”. We know Shareholders in 2022 saw the PPS drop from the low $30s to under $5, combined with dilution approaching +-42 pct for the year.
Book Value dropped from +-$6.65 to +-$2.65. Performance…please, get real. So, Shareholders are to reward employees for not losing as much as the undefined peer group. Yes, not “losing” as much as the undefined peer group. "The 2022 LTIPs will be awarded at 200% which is the top of the performance range.
The formula grant under the LTIP shall be the product of:
(i) stock performance vs. an undefined peer group (200% for 2022) multiplied by
(ii) the Company multiplier for each employee multiplied by
(iii) the employee’s annual base salary."
A 200 percent award certainly aligns both parties…right, try walking the talk!!! Please vote NO across the board. Deadline is Thursday.[Cry]
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