CFO Annual Salary Commitment
Company: Applied Digital
This claim was withdrawn on September 15, 2026. Both quoted fragments appear in the source, but the claim wrongly combines them into a salary commitment through October 31, 2024, while the source says the salary is 'subject to annual review' and ties that date only to the agreement term, which also renews automatically.How this was decided: Evidence review against the cited source. The claim is preserved below exactly as it was originally published, so the record shows what was asserted as well as what became of it.
- Subject kind
- personnel
- Statement date
- 2022-09-26
- Promised by
- 2024-10-31
- Promised amount
- 275000.0 USD
- Current status
- withdrawn
The claim, verbatim
David Rench's base salary is $275,000 per annum through October 31, 2024
Source (primary)
Applied Digital 10-K/A filed 2022-09-27 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On July 18, 2022, the Compensation Committee increased Mr. Rench's annual base salary to $275,000, effective August 1, 2022... The term of the Rench Employment Agreement ends on October 31, 2024, with automatic one (1) year extensions”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Applied Digital 10-K/A filed 2022-09-27
Quote: “On July 18, 2022, the Compensation Committee increased Mr. Rench's annual base salary to $275,000, effective August 1, 2022... The term of the Rench Employment Agreement ends on October 31, 2024, with automatic one (1) year extensions”
View cached copy (2026-09-13)Live source ↗
Record of changes
September 14, 2026 — stated
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
September 15, 2026 — withdrawn
Evidence review against the cited source. Both quoted fragments appear in the source, but the claim wrongly combines them into a salary commitment through October 31, 2024, while the source says the salary is 'subject to annual review' and ties that date only to the agreement term, which also renews automatically.
