Summary by Moomoo AI
Hut 8 Corp. announced a significant leadership transition on February 6, 2024, with Asher Genoot, the company's President since November 2023, being appointed as the new Chief Executive Officer, effective immediately. Genoot succeeds Jaime Leverton, who was terminated without cause on the same day. Leverton also resigned from the Board of Directors effective February 12, 2024, with her resignation unrelated to any disagreement with the company's operations, policies, or practices. As part of a separation agreement, Leverton will receive severance benefits including a cash payment, continuation of benefits, vesting of restricted share units, and a bonus payment. Additionally, Hut 8 Corp. entered into a retention arrangement with Shenif Visram, the CFO, providing for a series of retention bonuses and accelerated vesting of restricted share units, contingent upon continued satisfactory performance through specified dates in 2024. The company also notified Aniss Amdiss of his termination as Chief Legal Officer and Corporate Secretary in connection with the company's redomiciliation to Delaware.