---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-043906"
form_type: "8-K"
ticker: "BTM"
cik: "0001901799"
company_name: "Bitcoin Depot Inc."
filed_at: "2025-03-24T23:59:59+00:00"
generated_at: "2026-05-24T06:55:00.724218+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Bitcoin Depot appoints David M. Gray as CFO effective March 24, 2025

## Summary
- David M. Gray appointed CFO of Bitcoin Depot, effective March 24, 2025; previously CFO of Aviat Networks (AVNW).
- Scott Buchanan steps down as Acting CFO but remains Principal Financial Officer through March 31, 2025.
- Gray receives $300K base salary, $100K target bonus (50% company performance, 50% discretionary), and $200K RSU grant.
- Gray, age 56, holds CPA and CMA; previously CFO at Aviat Networks (Oct 2021–May 2024) and Superior Essex.

## SEC filing metadata
- accession: 0000950170-25-043906
- form_type: 8-K
- ticker: BTM
- cik: 0001901799
- company_name: Bitcoin Depot Inc.
- filed_at: 2025-03-24T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1901799/000095017025043906/0000950170-25-043906-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1901799/000095017025043906/btm-20250324.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-043906
- JSON: https://secwatch.observer/filing/0000950170-25-043906.json
- Plain text: https://secwatch.observer/filing/0000950170-25-043906.txt

## Key facts
- Executive change
  David M. Gray was appointed as Chief Financial Officer at Bitcoin Depot Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: the Board of Directors (the “Board”) has appointed David M. Gray as Chief Financial Officer of the Company, effective as of March 24, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1901799/000095017025043906/0000950170-25-043906-index.htm
- Executive change
  Scott Buchanan changed role as Principal Financial Officer at Bitcoin Depot Inc..
  - Action: stepped down as Acting CFO
  - Role: Principal Financial Officer
  source text: Mr. Scott Buchanan, who has been serving as Acting CFO and Principal Financial Officer since November 15, 2024, has stepped down as Acting CFO effective as of March 24, 2025, but will remain the Company’s Principal Financial Officer through March 31, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1901799/000095017025043906/0000950170-25-043906-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.