Core Scientific (CORZ) appoints Jorge Ray as Principal Accounting Officer with equity grant
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Core Scientific, Inc. has appointed Jorge Ray as its Principal Accounting Officer, effective May 7, 2026. He currently serves as Chief Accounting Officer, a role he has held since March 2026, and brings prior senior accounting experience from Raymond James Financial, BankUnited, KPMG, and PwC.
His compensation includes a base salary of $400,000, a target annual bonus equal to 40% of base salary, a one-time grant of restricted stock units valued at $600,000 that vest over three years, and a one-time signing bonus of $193,000, including $71,000 for relocation expenses.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Base salary: $400,000 per year
Target bonus: 40% of base salary
RSU grant value: $600,000
+5 more
8 metrics
Base salary
$400,000 per year
Compensation for Principal Accounting Officer role
Target bonus
40% of base salary
Eligibility under annual bonus program
RSU grant value
$600,000
Restricted stock units vesting over three years
Signing bonus
$193,000
One-time signing bonus including relocation
Relocation component
$71,000
Portion of signing bonus for relocation expenses
Warrant exercise price CORZW
$6.81 per share
Each whole warrant exercisable for one share
Warrant exercise price CORZZ
$0.01 per share
Each whole warrant exercisable for one share
Effective date of appointment
May 7, 2026
Start date as Principal Accounting Officer
Key Terms
Principal Accounting Officer, restricted stock units, Item 5.02, emerging growth company, +1 more
5 terms
Principal Accounting Officer financial
"the Board of Directors ... appointed Jorge Ray as the Company’s Principal Accounting Officer"
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
restricted stock units financial
"Mr. Ray also received a one-time grant of restricted stock units with a grant date value of $600,000"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Item 5.02 regulatory
"Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers"
emerging growth company regulatory
"Emerging growth company Item 5.02 — Departure of Directors or Certain Officers"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Nasdaq Global Select Market market
"The Nasdaq Global Select Market Warrants, each whole warrant exercisable for one share"
A Nasdaq Global Select Market listing is the highest tier of stocks on the Nasdaq exchange, reserved for companies that meet the strictest financial, reporting and governance standards. For investors, it acts like a premium quality label—signaling larger, more transparent and better-governed companies that tend to offer greater liquidity and lower perceived risk compared with lower-tier listings, making it easier to buy, sell and evaluate shares.
FAQ
What did Core Scientific (CORZ) announce in this 8-K filing?
Core Scientific announced the appointment of Jorge Ray as Principal Accounting Officer, effective May 7, 2026. The filing outlines his background, new role, and detailed compensation package, including salary, bonus eligibility, equity awards, and a signing bonus with relocation support.
Who is Jorge Ray, the new Principal Accounting Officer of Core Scientific (CORZ)?
Jorge Ray is Core Scientific’s Chief Accounting Officer, becoming Principal Accounting Officer on May 7, 2026. He previously served as Corporate Controller at Raymond James Financial and Chief Accounting Officer at BankUnited, and holds an MBA from the MIT Sloan School of Management.
What is the compensation package for Core Scientific’s new Principal Accounting Officer?
Jorge Ray will receive a $400,000 base salary, with a target annual bonus of 40% of salary. He also receives $600,000 in restricted stock units vesting over three years and a $193,000 signing bonus, which includes $71,000 for relocation expenses.
What stock and warrant securities of Core Scientific are listed on Nasdaq?
Core Scientific lists common stock on the Nasdaq Global Select Market under symbol CORZ. It also lists warrants under CORZW, exercisable at $6.81 per share, and warrants under CORZZ, exercisable at $0.01 per share.