Applied Digital Corp. Files Definitive Proxy Statement

TL;DR

Applied Digital (APLD) filed its proxy statement - standard shareholder meeting stuff.

AI Summary

Applied Digital Corp. filed a definitive proxy statement (DEF 14A) on October 23, 2024, for its fiscal year ending May 31, 2024. The company, formerly known as Applied Blockchain, Inc., is headquartered in Dallas, Texas, and operates in computer processing and data preparation services. This filing is a standard procedural document related to shareholder meetings and voting.

Why It Matters

This filing provides shareholders with essential information regarding upcoming votes and company governance, impacting their ability to make informed decisions about the company's direction.

Risk Assessment

Risk Level: low — This is a routine SEC filing (DEF 14A) and does not contain new material financial information or strategic announcements.

Key Numbers

• 20241023 — Filing Date (Date the definitive proxy statement was filed with the SEC.)
• 0531 — Fiscal Year End (Indicates the end of the company's fiscal year.)

Key Players & Entities

• Applied Digital Corp. (company) — Registrant
• Applied Blockchain, Inc. (company) — Former company name
• Dallas, Texas (location) — Company headquarters
• 7374 (other) — Standard Industrial Classification Code

FAQ

Key Financial Figures

• $0.001 — holders of our common stock, par value $0.001 per share, of record at the close of bu

Filing Documents

• formdef14a.htm (DEF 14A) — 889KB
• formdef14a_005.jpg (GRAPHIC) — 1KB
• formdef14a_001.jpg (GRAPHIC) — 114KB
• formdef14a_002.jpg (GRAPHIC) — 116KB
• proxy_001.jpg (GRAPHIC) — 1782KB
• proxy_002.jpg (GRAPHIC) — 1627KB
• 0001493152-24-042122.txt ( ) — 5903KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 17 Summary Compensation Table 19 Employment Agreements 19 Outstanding Equity Awards at Fiscal Year End 22 PAY VERSUS PERFORMANCE 23 DIRECTOR COMPENSATION 27 EQUITY COMPENSATION PLAN INFORMATION 28 REPORT OF THE AUDIT COMMITTEE 29

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 30 TRANSACTIONS WITH RELATED PERSONS 31 PROPOSAL 2 33 PROPOSAL 3 34 PROPOSAL 4 35 PROPOSAL 5 41 PROPOSAL 6 46 PROPOSAL 7 49 STOCKHOLDER PROPOSALS 50 ANNUAL REPORT 51 HOUSEHOLDING OF ANNUAL MEETING MATERIALS 52 OTHER MATTERS 53 APPENDIX A A-1 APPENDIX B B-1 i APPLIED DIGITAL CORPORATION PROXY FOR THE 2024 ANNUAL MEETING OF STOCKHOLDERS GENERAL INFORMATION This proxy statement (this “Proxy Statement”) contains information related to the Annual Meeting of Stockholders (the “Annual Meeting”) of Applied Digital Corporation (collectively, “we,” “us,” “our” or the “Company”) to be held on November 20, 2024, at 12:00 p.m., Eastern Time. The Annual Meeting will be held virtually via the Internet, or at such other time and place to which the Annual Meeting may be adjourned or postponed. In order to attend our Annual Meeting, you must log in to www.virtualshareholdermeeting.com/APLD2024 using the 16-digit control number on the proxy card or voting instruction form that accompanied the proxy materials. Proxies for the Annual Meeting are being solicited by the Board of Directors of the Company (the “Board”). This Proxy Statement is first being made available to stockholders on or about October 22, 2024. Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting To Be Held on November 20, 2024. Our proxy materials, including our Proxy Statement for the Annual Meeting, our annual report for the fiscal year ended May 31, 2024, and proxy card are available on the Internet at www.proxyvote.com. Under the Securities and Exchange Commission (the “SEC”) rules, we are providing access to our proxy materials by sending you this full set of proxy materials. About the Meeting We are calling the Annual Meeting to seek the approval of our

View Full Filing

View this DEF 14A filing on SEC EDGAR