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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 ·  2024/10/15 17:30

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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宣佈自2024年10月15日起進行關鍵管理變更。自2021年3月以來擔任CFO的David Rench將轉任首席行政官。現任財務執行副總裁的Saidal Mohmand將接任CFO,年基本工資爲475,000美元,目標獎金爲75%。在某些條件下,Mohmand將獲得股票獎勵和離職福利。首席執行官Wes 康明斯於2024年10月10日簽署了一份新的僱傭協議,年基本工資爲750,000美元,自2024年6月1日起追溯生效,並且目標獎金爲100%。該協議包括股票獎勵、離職福利和離職後的限制條款。這兩位高管受保密、競爭禁令和禁止招攬條款的約束。這些管理更新旨在增強Applied Digital的領導團隊,並使高管薪酬與公司業績和股東利益保持一致。
Applied Digital宣佈自2024年10月15日起進行關鍵管理變更。自2021年3月以來擔任CFO的David Rench將轉任首席行政官。現任財務執行副總裁的Saidal Mohmand將接任CFO,年基本工資爲475,000美元,目標獎金爲75%。在某些條件下,Mohmand將獲得股票獎勵和離職福利。首席執行官Wes 康明斯於2024年10月10日簽署了一份新的僱傭協議,年基本工資爲750,000美元,自2024年6月1日起追溯生效,並且目標獎金爲100%。該協議包括股票獎勵、離職福利和離職後的限制條款。這兩位高管受保密、競爭禁令和禁止招攬條款的約束。這些管理更新旨在增強Applied Digital的領導團隊,並使高管薪酬與公司業績和股東利益保持一致。
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