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

$APLD
Form 8-K/A
Filed on: 2025-02-21
Source
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)
  1. 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.
  1. 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.
  1. 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.
  1. 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.