Greenidge boosts CEO/President to $385k, CFO to $302.5k

Rhea-AI Filing Summary

Greenidge Generation Holdings Inc. (GREE) reported executive compensation changes. Effective November 14, 2025, the Compensation Committee increased annual base salaries for key leaders.

The base salaries for CEO Jordan Kovler and President Dale Irwin rose from $350,000 to $385,000. CFO Christian Mulvihill’s base salary increased from $275,000 to $302,500. These adjustments are effective as of November 14, 2025.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

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.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________________________

FORM 8-K

___________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

November 14, 2025

Date of Report (date of earliest event reported)

___________________________________

Greenidge Generation Holdings Inc.

(Exact name of registrant as specified in its charter)

___________________________________

Delaware (State or other jurisdiction of incorporation or organization)			001-40808 (Commission File Number)			86-1746728 (I.R.S. Employer Identification Number)
1159 Pittsford-Victor Road, Suite 240 Pittsford, New York 14534
(Address of principal executive offices and zip code)
(315) 536-2359
(Registrant's telephone number, including area code)

___________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class			Trading Symbol			Name of each exchange on which registered
Class A common stock, par value $.0001			GREE			The Nasdaq Global Select Market
8.50% Senior Notes due 2026			GREEL			The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 12b-2 of the Exchange Act.

Emerging growth company   ☒ 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 14, 2025, the Compensation Committee of the Board of Directors of Greenidge Generation Holdings Inc. (the “Company”) approved an increase in the annual base salary for each of Jordan Kovler, the Company’s Chief Executive Officer, Dale Irwin, the Company’s President, and Christian Mulvihill, the Company’s Chief Financial Officer, effective as of November 14, 2025. The base salary of each of Messrs. Kovler and Irwin was increased from $350,000 to $385,000, and the base salary of Mr. Mulvihill was increased from $275,000 to $302,500.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Greenidge Generation Holdings Inc.
By:			/s/ Jordan Kovler
Name:			Jordan Kovler
Title:			Chief Executive Officer

Date: November 14, 2025

FAQ

What did Greenidge (GREE) announce in this 8-K?

Executive base salary increases for the CEO, President, and CFO, effective November 14, 2025.

Which GREE executives received salary increases and to what amounts?

CEO Jordan Kovler and President Dale Irwin to $385,000; CFO Christian Mulvihill to $302,500.

What were the prior salaries for the affected GREE executives?

CEO and President were $350,000 each; CFO was $275,000.

When do the GREE executive salary changes take effect?

The increases are effective November 14, 2025.

Who approved the Greenidge executive salary changes?

The Compensation Committee of the Board of Directors approved the changes.