secwatch.observer — SEC 8-K summary
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Issuer:     Applied Digital Corp. (APLD)
CIK:        0001144879
Form:       8-K
Filed at:   2024-11-21T23:59:59+00:00
Accession:  0001493152-24-047084
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 5.07, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied Digital shareholders approve 2024 equity plan, increase authorized shares; large PSU grants
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- Shareholders approved 2024 Omnibus Equity Incentive Plan, reserving 10M shares for issuance.
- Authorized common stock increased to 400M shares, preferred to 10M shares via charter amendment.
- Compensation committee approved PSU grants to CEO (1.6M), CFO (490k), CAO (612.5k).
- David Rench new offer letter: $475k base salary, 100% target bonus, 490k RSUs, 612.5k PSUs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1144879/000149315224047084/0001493152-24-047084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1144879/000149315224047084/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-047084

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