Applied Digital Corp. Reports on Shareholder Vote
Ticker: APLD · Form: 8-K · Filed: May 21, 2024 · CIK: 1144879
Sentiment: neutral
Topics: governance, shareholder-meeting
TL;DR
Applied Digital had a shareholder vote on May 8th, details filed May 21st.
AI Summary
Applied Digital Corp. filed an 8-K on May 21, 2024, reporting on matters submitted to a vote of security holders on May 8, 2024. The company, formerly known as Applied Blockchain, Inc., is incorporated in Nevada and headquartered in Dallas, Texas.
Why It Matters
This filing indicates that Applied Digital Corporation held a shareholder vote, which is a key governance event that can impact company direction and shareholder rights.
Risk Assessment
Risk Level: low — The filing is a routine report of a shareholder vote and does not indicate any immediate financial distress or significant operational changes.
Key Players & Entities
- Applied Digital Corp. (company) — Registrant
- May 8, 2024 (date) — Date of earliest event reported
- May 21, 2024 (date) — Filing date
- Nevada (jurisdiction) — State of incorporation
- Dallas, TX (location) — Address of principal executive offices
- Applied Blockchain, Inc. (company) — Former company name
FAQ
What was the specific purpose of the shareholder vote on May 8, 2024?
The filing states that the report concerns 'Submission of Matters to a Vote of Security Holders' but does not specify the exact proposals voted upon.
When was Applied Digital Corporation's name officially changed from Applied Blockchain, Inc.?
The date of the name change from Applied Blockchain, Inc. was April 23, 2021.
What is Applied Digital Corporation's IRS Employer Identification Number?
The IRS Employer Identification Number for Applied Digital Corporation is 95-4863690.
Where are Applied Digital Corporation's principal executive offices located?
The principal executive offices of Applied Digital Corporation are located at 3811 Turtle Creek Blvd., Suite 2100, Dallas, TX 75219.
What is the Commission File Number for Applied Digital Corporation?
The SEC File Number for Applied Digital Corporation is 001-31968.
Filing Stats: 501 words · 2 min read · ~2 pages · Grade level 12.7 · Accepted 2024-05-21 16:18:13
Key Financial Figures
- $0.001 — f the Company's common stock, par value $0.001 per share (the "Common Stock"), authori
Filing Documents
- apld-20240508.htm (8-K) — 22KB
- 0001144879-24-000135.txt ( ) — 148KB
- apld-20240508.xsd (EX-101.SCH) — 2KB
- apld-20240508_lab.xml (EX-101.LAB) — 23KB
- apld-20240508_pre.xml (EX-101.PRE) — 13KB
- apld-20240508_htm.xml (XML) — 3KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. Effective May 8, 2024, holders of a majority of the voting power of the stockholders of the Company as of May 8, 2024 (the "Record Date") acted by written consent in lieu of a meeting (the "Written Consent") to approve increasing the number of shares of the Company's common stock, par value $0.001 per share (the "Common Stock"), authorized for issuance under the Company's Second Amended and Restated Articles of Incorporation, as amended to date from 166,666,667 to 300,000,000 (the "Amendment"). The number of shares voted to approve the Amendment via the Written Consent was 62,901,930, or 51.2% of the shares of Common Stock outstanding as of the Record Date. Affirmative votes by holders of a majority of the outstanding shares of Common Stock as of the Record Date was required for approval of the Amendment. SIGNATURE Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Dated: May 21, 2024 By: /s/ David Rench Name: David Rench Title: Chief Financial Officer