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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

Moomoo AI 已提取核心信息

Applied Digital announced key management changes effective October 15, 2024. Current CFO David Rench will transition to Chief Administrative Officer, while Saidal Mohmand, Executive VP of Finance, will be promoted to CFO. Mohmand will receive an annual base salary of $475,000 with a 75% target bonus and equity awards including 490,000 RSUs and 490,000 PSUs.The company also renewed CEO Wes Cummins' contract through October 2027, increasing his base salary to $750,000 retroactive to June 1, 2024. Cummins' agreement includes a 100% target bonus opportunity (maximum 200%) and provisions for equity awards. In case of termination without cause, he will receive 18 months' salary and benefits, extending to 30 months if following a change in control.
Applied Digital announced key management changes effective October 15, 2024. Current CFO David Rench will transition to Chief Administrative Officer, while Saidal Mohmand, Executive VP of Finance, will be promoted to CFO. Mohmand will receive an annual base salary of $475,000 with a 75% target bonus and equity awards including 490,000 RSUs and 490,000 PSUs.The company also renewed CEO Wes Cummins' contract through October 2027, increasing his base salary to $750,000 retroactive to June 1, 2024. Cummins' agreement includes a 100% target bonus opportunity (maximum 200%) and provisions for equity awards. In case of termination without cause, he will receive 18 months' salary and benefits, extending to 30 months if following a change in control.
应用数字公司宣布自2024年10月15日起进行关键管理层变动。现任首席财务官大卫·伦奇将转任首席行政官,而财政部执行副总裁赛达尔·穆罕默德将被提升为首席财务官。穆罕默德的年基本工资为475,000美元,目标奖金为75%,并包括490,000个限制性股票单位(RSU)和490,000个绩效股票单位(PSU)的股权奖励。该公司还续签了首席执行官韦斯·康明斯的合同,延长至2027年10月,将他的基本工资追溯至2024年6月1日增加至750,000美元。康明斯的协议包括100%的目标奖金机会(最高200%)和股权奖励的条款。如果因没有理由被解雇,他将获得18个月的薪水和福利,如果是在控制权变更后则延长至30个月。
应用数字公司宣布自2024年10月15日起进行关键管理层变动。现任首席财务官大卫·伦奇将转任首席行政官,而财政部执行副总裁赛达尔·穆罕默德将被提升为首席财务官。穆罕默德的年基本工资为475,000美元,目标奖金为75%,并包括490,000个限制性股票单位(RSU)和490,000个绩效股票单位(PSU)的股权奖励。该公司还续签了首席执行官韦斯·康明斯的合同,延长至2027年10月,将他的基本工资追溯至2024年6月1日增加至750,000美元。康明斯的协议包括100%的目标奖金机会(最高200%)和股权奖励的条款。如果因没有理由被解雇,他将获得18个月的薪水和福利,如果是在控制权变更后则延长至30个月。
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