---
schema_version: "secwatch.filing_event.v1"
accession: "0001144879-24-000039"
form_type: "8-K"
ticker: "APLD"
cik: "0001144879"
company_name: "Applied Digital Corp."
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T18:22:28.764543+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Rachel H. Lee appointed to Applied Digital board; McDonald and Moore resign

## Summary
- Rachel H. Lee named independent director, effective Feb 22, 2024, filling vacancy from resignations.
- Lee brings 17 years finance/ investment experience, most recently Partner at Ares Management.
- Kelli McDonald and Virginia Moore resigned effective immediately, no disagreement with company.
- Lee will serve on Compensation Committee and receive standard non-employee director compensation plus restricted stock awards.

## SEC filing metadata
- accession: 0001144879-24-000039
- form_type: 8-K
- ticker: APLD
- cik: 0001144879
- company_name: Applied Digital Corp.
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1144879/000114487924000039/0001144879-24-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1144879/000114487924000039/apld-20240222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001144879-24-000039
- JSON: https://secwatch.observer/filing/0001144879-24-000039.json
- Plain text: https://secwatch.observer/filing/0001144879-24-000039.txt

## Key facts
- Executive change
  Kelli McDonald resigned as Director at Applied Digital Corp..
  - Action: resigned
  - Role: Director
  source text: On February 22, 2024, Kelli McDonald and Virginia Moore resigned from the Board of Directors of the Company, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1144879/000114487924000039/0001144879-24-000039-index.htm
- Executive change
  Virginia Moore resigned as Director at Applied Digital Corp..
  - Action: resigned
  - Role: Director
  source text: On February 22, 2024, Kelli McDonald and Virginia Moore resigned from the Board of Directors of the Company, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1144879/000114487924000039/0001144879-24-000039-index.htm
- Executive change
  Rachel H. Lee was appointed as Independent Director at Applied Digital Corp..
  - Action: appointed
  - Role: Independent Director
  source text: On February 22, 2024, Applied Digital Corporation (the “Company”) announced Rachel H. Lee was appointed as an independent director to its Board of Directors (the “Board”), effective February 22, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1144879/000114487924000039/0001144879-24-000039-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.