{"schema_version":"secwatch.filing_event.v1","accession":"0001144879-24-000099","form_type":"8-K","ticker":"APLD","cik":"0001144879","company_name":"Applied Digital Corp.","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.459931+00:00","generated_at":"2026-06-03T02:08:57.484715+00:00","sec_items":["1.01","5.02","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Applied Digital appoints Ella Benson to board, enters standstill with Oasis","bullets":["Ella Benson, Oasis director, appointed independent director and Nominating & Governance Committee chair, effective May 6, 2024.","Cooperation agreement includes standstill limiting Oasis ownership to 9.9% and other restrictions through 2026 annual meeting.","Oasis beneficially owns ~5.2M shares (4.2% of outstanding); Benson's role extends through November 2026.","Board expands to 7 directors, 6 independent."],"urls":{"canonical":"https://secwatch.observer/filing/0001144879-24-000099","json":"https://secwatch.observer/filing/0001144879-24-000099.json","markdown":"https://secwatch.observer/filing/0001144879-24-000099.md","text":"https://secwatch.observer/filing/0001144879-24-000099.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1144879/000114487924000099/0001144879-24-000099-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1144879/000114487924000099/apld-20240430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T02:08:57.484715+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b219d6e860","claim":"Ella Benson was appointed as Director at Applied Digital Corp..","evidence_excerpt":"On April 30, 2024, pursuant to the Agreement described in Item 1.01 of this Current Report, the Company appointed Ms. Benson to serve as a director effective as of May 6, 2024","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1144879/000114487924000099/0001144879-24-000099-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}]},{"claim_id":"0e7cdfa51cfe53623c14731166ceb0462df92c48","claim":"Applied Digital Corp. entered into Cooperation and Standstill Agreement with Oasis Management Co., Ltd. valued at Entry into Cooperation and Standstill Agreement with Oasis appointing Ella Benson to the Board and a (effective 2024-04-30).","evidence_excerpt":"On April 30, 2024, Applied Digital Corporation (the “Company”) entered into a Cooperation and Standstill Agreement (the “Agreement”) with Oasis Management Co., Ltd. (“Oasis”), pursuant to which Oasis agreed to certain cooperation and standstill provisions and the Company agreed to appoint Ella Benson, an employee of Oasis, to the Company’s Board of Directors (the “Board”) as an independent director and as Chairperson of the Board’s Nominating and Governance Committee and further agreed to nominate Ms. Benson for election as a director of the Company at the Company’s 2024 and 2025 annual meetings of stockholders and to continue her tenure as Chair of the Nominating and Governance Committee in accordance with the terms and conditions set forth in the Agreement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1144879/000114487924000099/0001144879-24-000099-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Oasis Management Co., Ltd."},{"label":"Value","value":"Entry into Cooperation and Standstill Agreement with Oasis appointing Ella Benson to the Board and a"},{"label":"Effective","value":"2024-04-30"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}