Gryphon Digital Mining Inc.
10/25/2024 | Press release | Distributed by Public on 10/25/2024 14:05
Material Event Form 8 K
Item 8.01 Other Events
Committee Membership
The board of directors (the "Board") of Gryphon Digital Mining, Inc. (the "Company") has updated the membership of its standing committees. Set forth below is a list of the committee memberships of the Board as of October 25, 2024:
| Committee | Members | |
| Audit Committee |
Jimmy Vaiopoulos Brittany Kaiser Jessica Billingsley |
|
| Compensation Committee |
Jessica Billingsley Brittany Kaiser Heather Cox |
|
| Nominating and Corporate Governance Committee |
Heather Cox Brittany Kaiser Jessica Billingsley |
Claim
As previously disclosed, on September 17, 2024, Robby Chang was terminated as Chief Executive Officer and President of Gryphon for cause, with immediate effect, by the Board. Mr. Chang remains a member of the Board.
On October 21, 2024, the Company received notice that both it and Ivy Crypto, Inc., a wholly owned direct subsidiary of the Company, have been named as defendants in a complaint filed by Mr. Chang in the Ontario Superior Court of Justice in Canada, alleging wrongful termination (the "Claim"). The Company intends to defend this matter vigorously.
On October 22, 2024, the Board created a special committee to oversee the Company's handling of the Claim made up of Steve Gutterman, Jimmy Vaiopoulos, Dan Tolhurst and Jessica Billingsley.