---
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"
generated_at: "2026-05-26T06:47:52.899990+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Applied Digital discloses terms of CAO transition and CTO separation agreements

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-007903
- JSON: https://secwatch.observer/filing/0001493152-25-007903.json
- Plain text: https://secwatch.observer/filing/0001493152-25-007903.txt

## Key facts
- Executive change
  Michael Maniscalco resigned as Chief Technology Officer at Applied Digital Corp..
  - Action: resigned
  - Role: Chief Technology Officer
  source text: its former Chief Technology Officer, Michael Maniscalco, resigned, effective January 31, 2025, to pursue other opportunities
  evidence_url: https://www.sec.gov/Archives/edgar/data/1144879/000149315225007903/0001493152-25-007903-index.htm
- Executive change
  David Rench changed role as Chief Administrative Officer at Applied Digital Corp..
  - Action: transitioned from Chief Administrative Officer to consultant
  - Role: Chief Administrative Officer
  source text: its former Chief Administrative Officer, David Rench, is transitioning to a consulting role with the Company, effective January 31, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1144879/000149315225007903/0001493152-25-007903-index.htm

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