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Applied Digital | 8-K: Current report

Applied Digital | 8-K: Current report

Applied Digital | 8-K:重大事件
美股SEC公告 ·  2024/10/16 05:30

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Applied Digital announced key management changes effective October 15, 2024. David Rench, CFO since March 2021, will transition to Chief Administrative Officer. Saidal Mohmand, current EVP of Finance, will succeed as CFO with an annual base salary of $475,000 and target bonus of 75%. Mohmand will receive equity awards and severance benefits under certain conditions.CEO Wes Cummins entered a new employment agreement on October 10, 2024, with an annual base salary of $750,000 retroactive to June 1, 2024, and a target bonus of 100%. The agreement includes provisions for equity awards, severance benefits, and post-employment restrictions.Both executives are bound by confidentiality, non-competition, and non-solicitation covenants. These management updates aim to strengthen Applied Digital's leadership team and align executive compensation with company performance and shareholder interests.
Applied Digital announced key management changes effective October 15, 2024. David Rench, CFO since March 2021, will transition to Chief Administrative Officer. Saidal Mohmand, current EVP of Finance, will succeed as CFO with an annual base salary of $475,000 and target bonus of 75%. Mohmand will receive equity awards and severance benefits under certain conditions.CEO Wes Cummins entered a new employment agreement on October 10, 2024, with an annual base salary of $750,000 retroactive to June 1, 2024, and a target bonus of 100%. The agreement includes provisions for equity awards, severance benefits, and post-employment restrictions.Both executives are bound by confidentiality, non-competition, and non-solicitation covenants. These management updates aim to strengthen Applied Digital's leadership team and align executive compensation with company performance and shareholder interests.
Applied Digital宣布自2024年10月15日起进行关键管理变更。自2021年3月以来担任CFO的David Rench将转任首席行政官。现任财务执行副总裁的Saidal Mohmand将接任CFO,年基本工资为475,000美元,目标奖金为75%。在某些条件下,Mohmand将获得股票奖励和离职福利。首席执行官Wes 康明斯于2024年10月10日签署了一份新的雇佣协议,年基本工资为750,000美元,自2024年6月1日起追溯生效,并且目标奖金为100%。该协议包括股票奖励、离职福利和离职后的限制条款。这两位高管受保密、竞争禁令和禁止招揽条款的约束。这些管理更新旨在增强Applied Digital的领导团队,并使高管薪酬与公司业绩和股东利益保持一致。
Applied Digital宣布自2024年10月15日起进行关键管理变更。自2021年3月以来担任CFO的David Rench将转任首席行政官。现任财务执行副总裁的Saidal Mohmand将接任CFO,年基本工资为475,000美元,目标奖金为75%。在某些条件下,Mohmand将获得股票奖励和离职福利。首席执行官Wes 康明斯于2024年10月10日签署了一份新的雇佣协议,年基本工资为750,000美元,自2024年6月1日起追溯生效,并且目标奖金为100%。该协议包括股票奖励、离职福利和离职后的限制条款。这两位高管受保密、竞争禁令和禁止招揽条款的约束。这些管理更新旨在增强Applied Digital的领导团队,并使高管薪酬与公司业绩和股东利益保持一致。
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