Soluna Holdings sets CEO Belizaire's base salary at $600,000, retroactive to January, with 100% bonus target
In focus for SLNH: Soluna Holdings' Compensation Committee approved a $600,000 annual base salary for Chief Executive Officer John Belizaire, effective retroactively to January 1, 2026, and attached a target annual bonus equal to 100% of that figure. The package adjustments appeared in a Form 8-K filed on July 24, 2026, covering an event dated July 9. Chief Financial Officer Michael Picchi signed the report on behalf of the Albany, New York-based company.
Key takeaways
- Soluna Holdings' Compensation Committee approved a $600,000 annual base salary for CEO John Belizaire, effective retroactively to January 1, 2026.
- Belizaire's package includes a target annual bonus equal to 100% of base salary, bringing his theoretical full-achievement cash total to $1.2 million.
- The changes were disclosed in a Form 8-K filed July 24, 2026, covering an event dated July 9 and signed by CFO Michael Picchi.
- The Compensation Committee retains discretion over the performance goals and achievement level, and the filing lists no specific metrics, thresholds, or weightings.
- Soluna is a Nevada-incorporated, Albany, New York-based company whose common stock trades on Nasdaq under SLNH.
In focus for SLNH: Soluna Holdings' Compensation Committee approved a $600,000 annual base salary for Chief Executive Officer John Belizaire, effective retroactively to January 1, 2026, and attached a target annual bonus equal to 100% of that figure. The package adjustments appeared in a Form 8-K filed on July 24, 2026, covering an event dated July 9. Chief Financial Officer Michael Picchi signed the report on behalf of the Albany, New York-based company.
Salary mechanics and the bonus layer
The $600,000 base is the new cash floor for Belizaire's annual compensation. Stack the 100% bonus target on top and the theoretical total cash opportunity reaches $1.2 million in a full-achievement year. That ceiling is conditional. The Compensation Committee holds discretion over both the performance goals and the degree to which Belizaire is judged to have met them for each applicable period. No specific metrics, thresholds, or weightings appear in the filing.
The retroactive effective date matters to the income statement: the higher salary accrual has been running since January 1, meaning six-plus months of the step-up were already embedded in financials before the formal approval was signed in early July.
What drove the committee's action
The review process followed a defined path. The Compensation Committee assessed Belizaire's 2026 package and received input from an outside compensation consultant, who provided analysis of market competitiveness and peer group benchmarking. The filing does not identify the consultant or name the peer companies used for comparison.
Soluna Holdings is incorporated in Nevada and headquartered at 325 Washington Avenue Extension in Albany, New York. Common stock trades on the Nasdaq Stock Market under SLNH. The company's 9.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share, also trades on Nasdaq under SLNHP.
What to watch
The next confirmable data point is the Compensation Committee's determination at the close of the 2026 performance period, which will set whether the $600,000 bonus target translates into a payment, partial payout, or zero. No timeline appears. The expected disclosure vehicle would be a subsequent 8-K or the company's annual proxy statement.
Related reading
Filed by the macro desk of MarketPR on July 25, 2026. Source: sec.gov. Indicative figures are not investment advice.