Applied Digital names Saidal Mohmand CFO; David Rench moves to CAO; CEO gets new agreement

Applied Digital Corp.

David Rench transitions from CFO to Chief Administrative Officer effective Oct 15, 2024.
Saidal Mohmand promoted from EVP Finance to CFO; base salary $475K, target bonus 75%.
Mohmand receives 490,000 RSUs and 490,000 PSUs; severance includes 12-24 months salary continuation.
CEO Wes Cummins enters new employment agreement through Oct 10, 2027; base salary $750K, target bonus 100%.
Cummins severance includes 18-30 months salary, equity acceleration, and extended COBRA coverage.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

David Rench

Chief Administrative Officer

APLD · Applied Digital Corp.

Effective: 2024-10-15
Successor: Saidal Mohmand
Filed: October 15, 2024, 7:59 PM ET

Effective October 15, 2024, David Rench, the Company’s current Chief Financial Officer since March 2021, is transitioning from his role as Chief Financial Officer to Chief Administrative Officer of the Company.

Appointed

Saidal Mohmand

Chief Financial Officer

APLD · Applied Digital Corp.

Effective: 2024-10-15
Filed: October 15, 2024, 7:59 PM ET

Also effective October 15, 2024, Saidal Mohmand, the Company’s current Executive Vice President of Finance, will succeed Mr. Rench as the Company’s Chief Financial Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

David Rench changed role as Chief Administrative Officer at Applied Digital Corp..

Action: transitioned
Role: Chief Administrative Officer

Exact text from the filing

Effective October 15, 2024, David Rench, the Company’s current Chief Financial Officer since March 2021, is transitioning from his role as Chief Financial Officer to Chief Administrative Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Saidal Mohmand was appointed as Chief Financial Officer at Applied Digital Corp..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Also effective October 15, 2024, Saidal Mohmand, the Company’s current Executive Vice President of Finance, will succeed Mr. Rench as the Company’s Chief Financial Officer.

View on SEC.gov

Applied Digital Corp. filing history →

Source: SEC EDGAR

accession 0001493152-24-041176

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.