RYVYL Inc. CFO Departs
Ticker: RVYL · Form: 8-K · Filed: Jun 28, 2024 · CIK: 1419275
| Field | Detail |
|---|---|
| Company | Ryvyl Inc. (RVYL) |
| Form Type | 8-K |
| Filed Date | Jun 28, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-departure, cfo
TL;DR
RYVYL's CFO just quit, no replacement named yet.
AI Summary
RYVYL Inc. announced on June 26, 2024, the departure of its Chief Financial Officer, Jeffrey M. Berson, effective immediately. The company has not yet appointed a successor. This change comes as RYVYL Inc. continues its operations in the management consulting services sector.
Why It Matters
The sudden departure of a CFO can signal financial instability or strategic shifts within a company, potentially impacting investor confidence and future financial reporting.
Risk Assessment
Risk Level: medium — The departure of a key executive like the CFO without an immediate successor can create uncertainty regarding financial management and future strategy.
Key Players & Entities
- RYVYL Inc. (company) — Registrant
- Jeffrey M. Berson (person) — Departing Chief Financial Officer
- June 26, 2024 (date) — Effective date of CFO departure
- Nevada (jurisdiction) — State of incorporation
- San Diego, CA (location) — Principal Executive Offices
FAQ
Who is replacing Jeffrey M. Berson as CFO of RYVYL Inc.?
The filing does not state who will replace Jeffrey M. Berson as CFO; it only notes his departure is effective immediately.
When was Jeffrey M. Berson's departure effective?
Jeffrey M. Berson's departure as CFO of RYVYL Inc. was effective June 26, 2024.
What is RYVYL Inc.'s principal executive office address?
RYVYL Inc.'s principal executive office is located at 3131 Camino Del Rio North, Suite 1400, San Diego, CA 92108.
What is RYVYL Inc.'s Standard Industrial Classification code?
RYVYL Inc.'s Standard Industrial Classification code is 8742, Services-Management Consulting Services.
What was RYVYL Inc.'s former name?
RYVYL Inc. was formerly known as GreenBox POS, with a name change effective February 22, 2019.
Filing Stats: 424 words · 2 min read · ~1 pages · Grade level 11.8 · Accepted 2024-06-28 16:02:35
Key Financial Figures
- $0.001 — ch Registered Common Stock, par value $0.001 per share RVYL The Nasdaq Stock Mar
Filing Documents
- ryvyl20240628_8k.htm (8-K) — 22KB
- 0001185185-24-000663.txt ( ) — 155KB
- rvyl-20240626.xsd (EX-101.SCH) — 3KB
- rvyl-20240626_def.xml (EX-101.DEF) — 10KB
- rvyl-20240626_lab.xml (EX-101.LAB) — 19KB
- rvyl-20240626_pre.xml (EX-101.PRE) — 11KB
- ryvyl20240628_8k_htm.xml (XML) — 3KB
From the Filing
ryvyl20240628_8k.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 26, 2024 RYVYL Inc. (Exact name of registrant as specified in its charter) Nevada 001-34294 22-3962936 (State or other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 3131 Camino Del Rio North, Suite 1400 San Diego , CA 92108 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (619) 631-8261 N/A (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Common Stock, par value $0.001 per share RVYL The Nasdaq Stock Market LLC (Nasdaq Capital Market) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 ( 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 ( 240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Effective June 26, 2024, Min Wei resigned as Chief Operating Officer of RYVYL Inc., a Nevada corporation (the "Company"). Mr. Wei's departure is for personal reasons and is not the result of any disagreement with management or the Company's Board of Directors on any matter relating to the Company's operations, policies or practices. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized. RYVYL Inc. Date: June 28, 2024 By: /s/ Fredi Nisan Fredi Nisan Chief Executive Officer