Applied Digital Shareholders Elect Six Directors, Approve Say-on-Pay

Key Points

• Shareholders elected all six director nominees to terms ending at the next annual meeting; no additional business was proposed.
• Investors ratified CBIZ CPAs P.C. as auditor for fiscal 2027 and approved executive compensation in a nonbinding say-on-pay vote, along with a proposal allowing the meeting to be adjourned if needed.
• The reported results are preliminary and subject to certification. Applied Digital expects to file final voting results with the SEC in a Form 8-K within four business days.

Applied Digital NASDAQ: APLD stockholders elected all six of the company’s director nominees, ratified its auditor appointment for fiscal 2027, approved executive compensation on an advisory basis and authorized a potential meeting adjournment, according to preliminary results announced at the company’s 2026 annual meeting.

Wes Cummins, Applied Digital’s chairman and chief executive officer, chaired the virtual meeting and said the company had received no advance stockholder notices for additional business. As a result, voting was limited to the proposals included in the company’s proxy statement.

The company set Sept. 8, 2026, as the record date for stockholders eligible to vote at the meeting. Cummins said a majority of the company’s issued and outstanding shares entitled to vote were represented, establishing a quorum.

Board Members Elected

Stockholders elected each of the six nominees to the board of directors for terms ending at the next annual meeting. The elected directors were:

• Wes Cummins
• Ella Benson
• Chuck Hastings
• Rachel Lee
• Douglas Miller
• Richard Nottenburg

The board had recommended that stockholders vote in favor of all six nominees.

Auditor and Executive Pay Proposals Approved

Stockholders also ratified the appointment of CBIZ CPAs P.C. as Applied Digital’s independent registered public accounting firm for fiscal year 2027.

In addition, investors approved, on an advisory basis, the compensation of the company’s named executive officers. The advisory vote is commonly referred to as a “say-on-pay” proposal.

Stockholders further approved a proposal authorizing the adjournment of the annual meeting if necessary in connection with obtaining sufficient votes for one or more of the other proposals.

Final Results to Be Filed With SEC

Mark Chavez, Applied Digital’s general counsel and chief compliance officer, said the results announced during the meeting were preliminary and remain subject to final certification by the inspector of elections.

The company said it expects to report the final voting results in a Form 8-K filing with the Securities and Exchange Commission within four business days of the meeting.

No questions were submitted by stockholders during the meeting’s question-and-answer period. Cummins then declared the polls closed, and the meeting was adjourned following the announcement of the preliminary results.

About Applied Digital (NASDAQ:APLD)

Applied Digital Corporation NASDAQ: APLD develops and operates digital infrastructure designed to support high-performance computing and artificial intelligence applications. The company provides data-center capacity, hosting services and related infrastructure for customers that require substantial computing power and energy resources.

Its business includes high-performance computing data centers and cloud services intended to support artificial intelligence, machine learning, cryptocurrency mining and other compute-intensive workloads.

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