Amendment: Applied Digital Corporation filed SEC Form 8-K: Leadership Update, Other Events, Financial Statements and Exhibits
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EXPLANATORY NOTE
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On January 6, 2025, the Company welcomed Laura Laltrello as its Chief Operating Officer, effective as of January 6, 2025.
From December 2020 to December 2024, Ms. Laltrello, age 52, held the position of Vice President and General Manager of Building Automation Services with Honeywell International Inc., a Fortune 500 company that invents and manufactures technologies to address tough challenges linked to global macrotrends such as safety, security, and energy. Prior to Honeywell, Ms. Laltrello held various roles at Lenovo Group Limited from May 2005 to December 2020, including VP, GM Global DataCenter Services from May 2016 to December 2020. Her career spans a range of senior leadership positions where she has led teams to deliver transformative projects and services for global technology leaders, with a focus on operations, strategic execution, and profit management. Ms. Laltrello holds a Bachelor of Applied Science degree in Applied Mathematics: Operations Research and Economics from Clemson University and completed the Executive Leadership Program at the International Institute for Management Development.
There are no arrangements or understandings between Ms. Laltrello and any other person pursuant to which she was appointed as an officer and Ms. Laltrello does not have a direct or indirect material interest in any “related party” transaction required to be separately disclosed pursuant to Item 404(a) of Regulation S-K. Ms. Laltrello does not have any family relationships with any of the Company’s directors or executive officers.
Item 8.01 Other Events.
On January 6, 2025, the Company issued a press release announcing the onboarding of Ms. Laltrello as the Chief Operating Officer of the Company, effective as of January 6, 2025. As an inducement to Ms. Laltrello accepting this position, the Company granted her an employment inducement award outside of the Company’s 2024 Omnibus Equity Incentive Plan, in accordance with Rule 5635(c)(4) of the Nasdaq Stock Market LLC. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press Release, dated January 6, 2025. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| APPLIED DIGITAL CORPORATION | |||
| Date: | January 6, 2025 | By: | /s/ Saidal L. Mohmand |
| Name: | Saidal L. Mohmand | ||
| Title: | Chief Financial Officer | ||