{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-007903","form_type":"8-K/A","ticker":"APLD","cik":"0001144879","company_name":"Applied Digital Corp.","filed_at":"2025-02-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.039172+00:00","generated_at":"2026-05-26T06:47:52.899990+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Applied Digital discloses terms of CAO transition and CTO separation agreements","bullets":["David Rench transitions to consultant; receives $593,750 transition payment over 15 months with continued RSU/PSU vesting.","Michael Maniscalco resigns; receives $200,000 severance over 6 months and accelerated vesting of 159,979 RSUs.","Rench's 612,500 PSUs: half forfeit if conditions unmet by April 30, 2026; half remain eligible through Dec 31, 2027.","Both agreements include standard release of claims, confidentiality, and non-disparagement provisions.","No other changes to prior 8-K disclosures; agreements effective as of January 31, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-007903","json":"https://secwatch.observer/filing/0001493152-25-007903.json","markdown":"https://secwatch.observer/filing/0001493152-25-007903.md","text":"https://secwatch.observer/filing/0001493152-25-007903.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1144879/000149315225007903/0001493152-25-007903-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1144879/000149315225007903/form8-ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T06:47:52.899990+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":"66a001ba31","claim":"Michael Maniscalco resigned as Chief Technology Officer at Applied Digital Corp..","evidence_excerpt":"its former Chief Technology Officer, Michael Maniscalco, resigned, effective January 31, 2025, to pursue other opportunities","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1144879/000149315225007903/0001493152-25-007903-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Technology Officer"}]},{"claim_id":"8af90c03f9","claim":"David Rench changed role as Chief Administrative Officer at Applied Digital Corp..","evidence_excerpt":"its former Chief Administrative Officer, David Rench, is transitioning to a consulting role with the Company, effective January 31, 2025","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1144879/000149315225007903/0001493152-25-007903-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"transitioned from Chief Administrative Officer to consultant"},{"label":"Role","value":"Chief Administrative Officer"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}