Meaning of "initializing" after Server Recovery

recovery will erase user names etc.  It re-does the c:  The design goal of keep data was to leave the D: (server shares) alone.  Though I have never actually done it.  Initializing is no indicator of whether your data is there or not.

the default username and password before you complete setup.  If you ran setup, the password will now be whatever you told it

User Administrator

Password Admin (big A)