APLD

#1089
Applied Digital Corporation - Common Stock
25.3 4 USD
-0.08%
Market Price
Settore: Finanziario
Base: USD
Valuta di Profitto: USD
Intervallo Giornaliero
25.34
25.34
Intervallo Annuale
13.16
50.70
Variazione giornaliera
-7.65%
Variazione Mensile
-15.76%
Variazione di 6 mesi
-3.54%
Variazione Annuale
+67.48%
Chiusura Precedente
27.4 4
Open
25.3 4
Minimo
25.3 4
Massimo
25.3 4
Volume
499
Apri il grafico completo

Financials

Panoramica Estratto Conto Statistiche Documents

2026

Current report, Q3 FY2026
Applied Digital Corp. current report, Q3 FY2026
8-K
Current report, Q2 FY2026
Applied Digital Corp. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Applied Digital Corp. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Applied Digital Corp. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Applied Digital Corp. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Applied Digital Corp. current report, Q2 FY2026
8-K
Annual report, FY2026
Applied Digital Corp. annual report, FY2026
10-K
Current report, Q2 FY2026
Applied Digital Corp. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Applied Digital Corp. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Applied Digital Corp. current report, Q2 FY2026
8-K

Applied Digital Corp. current report, Q4 FY2024

Full document

Business Context and Reporting Period

This Form 8-K filing by Applied Digital Corp. (APLD) reports on management changes effective October 15, 2024. The filing was submitted on October 8, 2024, with the earliest event date noted as October 8, 2024. The company is incorporated in Nevada and trades on the Nasdaq Global Select Market.

Key Financial Metrics

This filing does not contain revenue, profit, cash flow, margin, debt, or liquidity metrics. It focuses exclusively on executive compensation and employment agreements.

Material Changes

  • Leadership Transition: David Rench is transitioning from Chief Financial Officer (CFO) to Chief Administrative Officer (CAO). Saidal Mohmand, previously Executive Vice President of Finance, is appointed as the new CFO.
  • CEO Agreement Update: CEO Wes Cummins entered into a new employment agreement superseding his 2021 contract, with terms retroactive to June 1, 2024.

Guidance, Outlook, and Management Commentary

The filing details specific compensation packages and severance provisions for the affected executives but provides no financial guidance, market outlook, or discussion of operational risks.

Executive Compensation Details

  • Saidal Mohmand (New CFO):
    • Annual Base Salary: $475,000.
    • Target Bonus: 75% of base salary.
    • Equity: 490,000 Restricted Stock Units (time-based) and 490,000 Performance Stock Units (time- and performance-based).
    • Severance: 12 months' base salary (24 months if within 18 months of a change in control) plus 100% of target bonus upon termination without Cause.
  • Wes Cummins (CEO):
    • Annual Base Salary: $750,000 (retroactive to June 1, 2024).
    • Target Bonus: 100% of base salary (maximum 200%).
    • Severance: 18 months' base salary (30 months in Change in Control) plus 100% of annual bonus (250% in Change in Control) and accelerated equity vesting.
  • David Rench (New CAO):
    • Title changed to Chief Administrative Officer via Amendment No. 2 to his existing agreement.
    • No changes to other terms of his employment agreement.

Investor Verification Checklist

  • Verify the vesting schedules and performance metrics for Saidal Mohmand's 980,000 total equity units.
  • Confirm the retroactive application of Wes Cummins' salary increase to June 1, 2024, and its impact on Q3/Q4 2024 compensation expenses.
  • Review the full text of the "Mohmand Offer Letter" (Exhibit 10.1) and "Cummins Employment Agreement" (Exhibit 10.3) for specific definitions of "Cause" and "Good Reason."
  • Assess the potential cash outflow implications of the severance packages in the event of a Change in Control.

Notizie