secwatch.observer — SEC 8-K summary
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Issuer:     Applied Digital Corp. (APLD)
CIK:        0001144879
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0001144879-24-000089
Event type: other
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.03, 5.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied Digital amends bylaws: proxy access for 3% holders, board to shrink to 5
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- Adopted Third Amended Bylaws on April 26, 2024; proxy access permits 3% holders (3+ years) to nominate up to 2 directors or 25% of board.
- Opted into Nevada control-share statute (NRS 78.378-78.3793); existing holders exempted.
- Board to decrease from 6 to 5 directors upon the next director resignation.
- Code of Conduct amended to enhance compliance, workplace safety, and asset protection provisions.
- Exclusive forum provision revised for certain disputes; technical and conforming changes made.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1144879/000114487924000089/0001144879-24-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1144879/000114487924000089/apld-20240426.htm
  HTML page:      https://secwatch.observer/filing/0001144879-24-000089

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