---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-000248"
form_type: "8-K"
ticker: "RIOT"
cik: "0001167419"
company_name: "Riot Platforms, Inc."
filed_at: "2026-01-02T23:59:59+00:00"
generated_at: "2026-05-16T11:47:00.331447+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Riot Platforms CFO transition; CEO/Chair base salary raised to $900K, Bitcoin pay eliminated

## Summary
- CFO Colin Yee steps down March 1, 2026, becomes Senior Advisor; EVP Jason Chung succeeds as CFO.
- CEO Les and Exec Chair Yi base salary raised from $600K to $900K; Bitcoin component removed; target AIP to 125%.
- Chung's base salary increased to $550K; COO Howell to $500K.
- LTIP Performance Award amended: TSR cap at 100% if absolute TSR negative; measurement uses 60-trading day average.
- 2026 AIP drops 'Bitcoin Yield' metric, adds 'Data center revenue' and 'Data Center NOI' (15% each) reflecting pivot.

## SEC filing metadata
- accession: 0001104659-26-000248
- form_type: 8-K
- ticker: RIOT
- cik: 0001167419
- company_name: Riot Platforms, Inc.
- filed_at: 2026-01-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1167419/000110465926000248/0001104659-26-000248-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1167419/000110465926000248/riot-20251231x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-000248
- JSON: https://secwatch.observer/filing/0001104659-26-000248.json
- Plain text: https://secwatch.observer/filing/0001104659-26-000248.txt

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