Riot Platforms Names New CEO and CFO, Adjusts Compensation

TL;DR

Riot Platforms just named a new CEO (Jason Les) and CFO (Brian Heckman) and detailed their pay packages.

AI Summary

Riot Platforms, Inc. announced on November 20, 2024, changes in its board of directors and executive compensation. Specifically, the company elected Jason Les as Chief Executive Officer and President, and Brian Heckman as Chief Financial Officer. The filing also details compensatory arrangements for these officers, including base salaries and potential bonuses.

Why It Matters

This filing signals a leadership transition and potential strategic shifts under new executive guidance, impacting investor confidence and future company direction.

Risk Assessment

Risk Level: medium — Leadership changes and executive compensation adjustments can introduce uncertainty and signal strategic shifts, carrying inherent risks for the company and its investors.

Key Players & Entities

• Riot Platforms, Inc. (company) — Registrant
• Jason Les (person) — Newly appointed Chief Executive Officer and President
• Brian Heckman (person) — Newly appointed Chief Financial Officer
• November 20, 2024 (date) — Date of earliest event reported

FAQ

From the Filing

0001558370-24-015936.txt : 20241126 0001558370-24-015936.hdr.sgml : 20241126 20241126170012 ACCESSION NUMBER: 0001558370-24-015936 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20241120 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241126 DATE AS OF CHANGE: 20241126 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Riot Platforms, Inc. CENTRAL INDEX KEY: 0001167419 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 841553387 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33675 FILM NUMBER: 241505090 BUSINESS ADDRESS: STREET 1: 3855 AMBROSIA STREET, SUITE 301 CITY: CASTLE ROCK STATE: CO ZIP: 80109 BUSINESS PHONE: 303-794-2000 MAIL ADDRESS: STREET 1: 3855 AMBROSIA STREET, SUITE 301 CITY: CASTLE ROCK STATE: CO ZIP: 80109 FORMER COMPANY: FORMER CONFORMED NAME: Riot Blockchain, Inc. DATE OF NAME CHANGE: 20171004 FORMER COMPANY: FORMER CONFORMED NAME: Bioptix, Inc. DATE OF NAME CHANGE: 20161201 FORMER COMPANY: FORMER CONFORMED NAME: Venaxis, Inc. DATE OF NAME CHANGE: 20121218 8-K 1 riot-20241120x8k.htm 8-K 0001167419 false 0001167419 2024-11-20 2024-11-20 ​ ​ 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):  November 20, 2024 Riot Platforms, Inc. (Exact name of registrant as specified in its charter) ​ ​ ​ ​ ​ Nevada      001-33675      84-1553387 (State or other jurisdiction of incorporation) ​ (Commission File Number) ​ (I.R.S. Employer Identification No.) ​ 3855 Ambrosia Street , Suite 301 Castle Rock , CO 80109 (Address of principal executive offices) (303) 794-2000 (Registrant’s telephone number, including area code) (Former name, former address, and former fiscal year, 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)) ​ ​ ​ ​ ​ Title of each class      Trading Symbol(s)      Name of each exchange on which registered Common Stock , no par value per share ​ RIOT ​ 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 as of November 20,