UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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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 September 9, 2024, the Company’s Board granted the following equity grant awards to the following named executive officer(s):
| Name: | Role/Title: | RSU Awards(1): | Stock Options: | |||||||
| Rahul Mewawalla | Director, CEO, President | 2,500,000 | (2) | |||||||
| (1) | RSUs awards were made under and subject to the Company’s 2024 Omnibus Equity Incentive Plan (“Plan”) and represents the right to receive, at settlement, one share of common stock, an equivalent cash amount at fair market value, or a combination, at the discretion of the Administrator of the Plan. |
| (2) | Restricted Stock Units (RSUs) to be vested and settled as of the following schedule: 833,333 RSUs vest and settle on May 22, 2025, 833,333 RSUs vest and settle on September 23, 2025, and 833,334 RSUs vest and settle on March 31, 2026. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Mawson Infrastructure Group Inc. | ||
| Date: September 9, 2024 | By: | /s/ Kaliste Saloom |
| Kaliste Saloom | ||
| General Counsel and Corporate Secretary | ||
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