secwatch.observer — SEC 8-K summary
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Issuer:     Applied Digital Corp. (APLD)
CIK:        0001144879
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001144879-24-000039
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1144879/000114487924000039/0001144879-24-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1144879/000114487924000039/apld-20240222.htm
  HTML page:      https://secwatch.observer/filing/0001144879-24-000039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer