Applied Digital Corp's Leadership Shake-Up: Amendment 8-K Report Insight

Based on the provided section of the financial report, here are the key insights and important information extracted:

1. Company Information:

• Name: Applied Digital Corporation
• CIK Number: 0001144879
• Industry Identifier: 001-31968
• Tax ID: 95-4863690
• Address: 3811 Turtle Creek Blvd. Suite 2100, Dallas, TX 75219
• Phone Number: 214-427-1704
• Ticker Symbol: APLD (listed on NASDAQ)

2. Filing Information:

• Filing Type: Amendment No. 1 on Form 8-K/A
• Original Filing Date: February 6, 2025
• Amendment Date: January 31, 2025
• Purpose of Amendment: To supplement the original report by including disclosures related to transition and separation agreements for former executives.

3. Executive Changes:

• David Rench: Former Chief Administrative Officer transitioned to a consulting role with the company. The amendment includes a Transition Agreement outlining the terms of this transition.
• Michael Maniscalco: Former Chief Technology Officer resigned from the company. The amendment includes a Separation Agreement detailing the terms related to his resignation.

4. Financial Units:

• The report uses USD (U.S. Dollars) and shares as units of measure, indicating financial metrics may relate to stock performance or compensation.

5. Regulatory Context:

• The filing is made to the U.S. Securities and Exchange Commission (SEC), indicating compliance with regulatory requirements for public companies.

Summary:

Applied Digital Corporation filed an amendment to its previous Form 8-K to disclose terms regarding the transition and separation of two executives, indicating significant changes in leadership. This filing reflects ongoing corporate governance activities and compliance with SEC regulations.