Riot Platforms, Inc. 8-K/A
Research Summary
AI-generated summary
Riot Platforms Reports CFO Transition Agreement, $83,333.33 Bonus
What Happened
Riot Platforms, Inc. (RIOT) filed an 8-K (Item 5.02) reporting terms of a Senior Advisor Agreement for Colin Yee, its Chief Financial Officer. Under the agreement, Mr. Yee will receive a one-time transition bonus of $83,333.33, payable in a single lump sum within the 10 business days following March 1, 2026. The report is dated and signed January 5, 2026 by Colin Yee (CFO).
Key Details
- Filing: Form 8-K (Item 5.02) dated January 5, 2026.
- Person: Colin Yee, Chief Financial Officer.
- Payment: One-time transition bonus of $83,333.33.
- Timing: Paid in one lump sum within 10 business days after March 1, 2026, per the Senior Advisor Agreement.
Why It Matters
This 8-K discloses an executive transition arrangement and a modest one-time cash payment to the company’s CFO. For investors, the item is relevant for corporate governance and executive compensation transparency; the disclosed amount is specific and time-bound, and the company did not disclose broader financial impacts in this filing. Investors may watch for any further 8-Ks or disclosures for additional details about role changes or successor appointments.