---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-041176"
form_type: "8-K"
ticker: "APLD"
cik: "0001144879"
company_name: "Applied Digital Corp."
filed_at: "2024-10-15T23:59:59+00:00"
generated_at: "2026-05-30T14:24:40.027540+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-041176
- form_type: 8-K
- ticker: APLD
- cik: 0001144879
- company_name: Applied Digital Corp.
- filed_at: 2024-10-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1144879/000149315224041176/0001493152-24-041176-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1144879/000149315224041176/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-041176
- JSON: https://secwatch.observer/filing/0001493152-24-041176.json
- Plain text: https://secwatch.observer/filing/0001493152-24-041176.txt

## Key facts
- Executive change
  David Rench changed role as Chief Administrative Officer at Applied Digital Corp..
  - Action: transitioned
  - Role: Chief Administrative Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1144879/000149315224041176/0001493152-24-041176-index.htm
- Executive change
  Saidal Mohmand was appointed as Chief Financial Officer at Applied Digital Corp..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1144879/000149315224041176/0001493152-24-041176-index.htm

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