Applied Digital Management
Management criteria checks 1/4
Applied Digital's CEO is Wes Cummins, appointed in Mar 2021, has a tenure of 3.17 years. total yearly compensation is $5.95M, comprised of 5.2% salary and 94.8% bonuses, including company stock and options. directly owns 3.23% of the company’s shares, worth $13.13M. The average tenure of the management team and the board of directors is 2.7 years and 2.9 years respectively.
Key information
Wes Cummins
Chief executive officer
US$6.0m
Total compensation
| CEO salary percentage | 5.2% |
| CEO tenure | 3.2yrs |
| CEO ownership | 3.2% |
| Management average tenure | 2.7yrs |
| Board average tenure | 2.9yrs |
Recent management updates
Recent updates
Applied Digital Corporation's (NASDAQ:APLD) Stock Retreats 32% But Revenues Haven't Escaped The Attention Of Investors
Apr 25
Time To Worry? Analysts Just Downgraded Their Applied Digital Corporation (NASDAQ:APLD) Outlook
Apr 16Applied Digital Corporation (NASDAQ:APLD) Just Reported And Analysts Have Been Cutting Their Estimates
Apr 14Applied Digital: A Growing List Of Challenges
Apr 12These Analysts Just Made An Downgrade To Their Applied Digital Corporation (NASDAQ:APLD) EPS Forecasts
Jan 21Earnings Miss: Applied Digital Corporation Missed EPS And Analysts Are Revising Their Forecasts
Jan 19Does Applied Digital (NASDAQ:APLD) Have A Healthy Balance Sheet?
Jun 12Would Applied Digital (NASDAQ:APLD) Be Better Off With Less Debt?
Feb 25Is Applied Blockchain (NASDAQ:APLD) Using Too Much Debt?
Nov 17Applied Blockchain GAAP EPS of -$0.05 misses by $0.01, revenue of $6.92M beats by $0.28M
Oct 11Applied Blockchain files for registration of ~48.3M shares
Sep 19Applied Blockchain: Catalysts And Improving Valuation
Sep 08Applied Blockchain proposes name change to Applied Digital
Aug 25Applied Blockchain expects higher FQ4 projected revenue
Jul 18Applied Blockchain: Intriguing Model But Overvalued
Jun 16CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Feb 29 2024 | n/a | n/a | -US$91m |
| Nov 30 2023 | n/a | n/a | -US$35m |
| Aug 31 2023 | n/a | n/a | -US$52m |
| May 31 2023 | US$6m | US$313k | -US$45m |
| Feb 28 2023 | n/a | n/a | -US$43m |
| Nov 30 2022 | n/a | n/a | -US$38m |
| Aug 31 2022 | n/a | n/a | -US$13m |
| May 31 2022 | US$5m | US$279k | -US$22m |
| Feb 28 2022 | n/a | n/a | -US$18m |
| Nov 30 2021 | n/a | n/a | -US$16m |
| Aug 31 2021 | n/a | n/a | -US$15m |
| May 31 2021 | US$208k | US$52k | -US$568k |
Compensation vs Market: Wes's total compensation ($USD5.95M) is above average for companies of similar size in the US market ($USD2.44M).
Compensation vs Earnings: Wes's compensation has increased whilst the company is unprofitable.
CEO
Wes Cummins (45 yo)
3.2yrs
Tenure
US$5,954,578
Compensation
Mr. Wesley Theta Carl Cummins, also known as Wes, serves as the Chief Executive Officer, Chairman, Secretary & Treasurer of Applied Digital Corporation (formerly known as Applied Blockchain, Inc.) since Ma...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 3.2yrs | US$5.95m | 3.23% $ 13.1m | |
| Chief Financial Officer | 3.2yrs | US$2.71m | 0.23% $ 929.0k | |
| Chief Technology Officer | 1.7yrs | US$1.15m | 0.061% $ 249.5k | |
| Executive Vice President of Hosting Operations & Public Affairs | 3.3yrs | no data | no data | |
| Director of HR and Recruiting | 2.7yrs | no data | no data | |
| Executive Vice President of Power | 3.3yrs | no data | no data | |
| Executive Vice President of Engineering | 2.5yrs | no data | no data | |
| EVP of Real Estate Development | less than a year | no data | no data | |
| Chief Development Officer | no data | no data | no data |
2.7yrs
Average Tenure
45yo
Average Age
Experienced Management: APLD's management team is considered experienced (2.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 3.2yrs | US$5.95m | 3.23% $ 13.1m | |
| Lead Independent Director | 3.1yrs | US$255.50k | 0.19% $ 757.0k | |
| Independent Director | 2.9yrs | US$246.50k | 0.17% $ 707.9k | |
| Independent Director | 3.1yrs | US$243.50k | 0.49% $ 2.0m | |
| Independent Director | less than a year | no data | 0.065% $ 262.4k | |
| Independent Director | no data | no data | 0.083% $ 336.1k | |
| Independent Director | less than a year | no data | 0.047% $ 189.4k |
2.9yrs
Average Tenure
45yo
Average Age
Experienced Board: APLD's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.