Captain Bill Cotton and Dr. Neal Fine joining Board

Checked on October 12, 2026. The cited source supports part of this claim, but not all of it.

Neal Fine was a new director nominee, but Bill Cotton was already a sitting director and Vice Chairman who was standing for reelection, not joining. Neither election had happened as of this proxy.

Confirmed in the source:

• The shareholder letter describes Captain Bill Cotton and Dr. Neal Fine as leading the incoming team
• Dr. Neal Fine, then a company officer, was nominated for election to the Flight Safety Technologies Board at the November 9, 2007 annual meeting

We could not confirm this from the cited source:

• That Captain Bill Cotton was joining the Board: the proxy states he had served as a director since September 2002 and was standing for reelection
• That either man had actually been seated on the Board: the document shows only nominations pending the shareholder vote

That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487907000026/flst_proxydef-2007.htm) in full (116,481 characters, retrieved September 27, 2026) and checked each assertion in the claim against it.

confirms Applied Digital DEF 14A filed 2007-09-25

Quote: “It is with great confidence that we pass the baton to the incoming team led by Captain Bill Cotton and Dr. Neal Fine”

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