Riot Platforms Elects New Directors, Adjusts Executive Pay

Ticker: RIOT · Form: 8-K · Filed: 2025-02-13T00:00:00.000Z

Sentiment: neutral

Topics: board-changes, executive-compensation, governance

TL;DR

Riot just swapped out board members and updated exec pay – watch for strategy shifts.

AI Summary

Riot Platforms, Inc. announced on February 12, 2025, changes in its board of directors and executive compensation arrangements. Specifically, the company elected two new directors, Jason Les and Jonathan B. Williams, to its Board of Directors, effective immediately. Additionally, the company entered into new employment agreements with its Chief Executive Officer, Benjamin Y. Yi, and Chief Financial Officer, Brian D. Hechtman, detailing their compensation and terms of employment.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Changes in board composition and executive compensation can introduce uncertainty regarding future strategic direction and operational execution.

Key Players & Entities

FAQ

Who were the new directors elected to Riot Platforms' Board?

Jason Les and Jonathan B. Williams were elected as new directors to Riot Platforms' Board of Directors.

When were the new directors elected?

The new directors were elected effective February 12, 2025.

What specific items were addressed in the 8-K filing regarding executive compensation?

The filing indicates that the company entered into new employment agreements with its Chief Executive Officer and Chief Financial Officer, detailing their compensation and terms of employment.

What is the exact date of the earliest event reported in this 8-K filing?

The date of the earliest event reported in this 8-K filing is February 12, 2025.

What is Riot Platforms, Inc.'s state of incorporation?

Riot Platforms, Inc. is incorporated in Nevada.

From the Filing

0001558370-25-000909.txt : 20250213 0001558370-25-000909.hdr.sgml : 20250213 20250213084533 ACCESSION NUMBER: 0001558370-25-000909 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250212 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250213 DATE AS OF CHANGE: 20250213 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: 25617389 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-20250212x8k.htm 8-K Riot Platforms, Inc._February 12, 2025 0001167419 false 0001167419 2025-02-12 2025-02-12 ​ ​ 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):  February 12, 2025 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)) Securities registered pursuant to Section 12(b) of the Exchange Act: ​ ​ ​ ​ ​ 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

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