Wes Cummins CEO base salary
Company: Applied Digital
What the later record shows
Not a promise: a reported event · happened October 10, 2024
The claim describes the terms of an employment agreement signed on October 10, 2024, before the claim was made. Later proxies confirm the $750,000 salary, retroactive to June 1, 2024, and that Cummins remains CEO.
“will be entitled to receive an annual base salary of $750,000 per annum, with retroactive effect to June 1, 2024”
2024-10-22 · Applied Digital DEF 14A filed 2024-10-23 View cached copy (2026-08-31)Live source ↗
“On October 10, 2024, we entered into a new Employment Agreement with Mr. Cummins”
2025-09-22 · View PDF View cached copy (2026-09-01)Live source ↗Archive.org ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Wes Cummins will continue to serve as Chief Executive Officer with an annual base salary of $750,000, retroactive to June 1, 2024.
Source (primary)
Applied Digital 8-K filed 2024-10-15 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Mr. Cummins will continue to serve as the Chief Executive Officer of the Company and will be entitled to receive an annual base salary of $750,000 per annum, with retroactive effect to June 1, 2024”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The filing states that under his new employment agreement, Cummins continues as CEO with a $750,000 annual base salary effective retroactively to June 1, 2024.
Confirmed in the source:
- Wes Cummins will continue to serve as Chief Executive Officer
- Wes Cummins's annual base salary is $750,000
- The salary is retroactive to June 1, 2024
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000149315224041176/form8-k.htm) in full (12,311 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 8-K filed 2024-10-15
Quote: “Mr. Cummins will continue to serve as the Chief Executive Officer of the Company and will be entitled to receive an annual base salary of $750,000 per annum, with retroactive effect to June 1, 2024”