Core Scientific, Inc./tx 8-K

What Happened

• Core Scientific, Inc. (CORZ) filed an 8-K on May 5, 2026 reporting that its Board appointed Jorge Ray as Principal Accounting Officer, effective May 7, 2026. The Board made the appointment on April 30, 2026. Mr. Ray, age 43, has served as the Company’s Chief Accounting Officer since March 2026.

Key Details

• Effective date: May 7, 2026 (Board action April 30, 2026).
• Background: Former Corporate Controller at Raymond James (Apr 2025–Mar 2026); Executive VP & Chief Accounting Officer at BankUnited (May 2017–Apr 2025); prior audit experience at KPMG and PwC; MBA from MIT Sloan.
• Compensation: $400,000 annual base salary; eligibility for annual bonus with a 40% target; one-time restricted stock units valued at $600,000 vesting over three years; one-time signing bonus of $193,000 (includes $71,000 relocation).
• Governance disclosures: No related-party transactions or family relationships requiring Item 404 disclosure; no special arrangements or understandings reported.

Why It Matters

• The Principal Accounting Officer plays a central role in financial reporting and controls. Appointing a seasoned accounting executive with recent internal experience at Core Scientific (Chief Accounting Officer since March 2026) aims to ensure continuity in oversight of the company’s accounting and reporting.
• Compensation details show a mix of cash and equity designed to align Mr. Ray’s incentives with company performance (RSUs vesting over three years), which is relevant for investors tracking potential dilution and executive incentives.