secwatch.observer — SEC 8-K summary
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Issuer:     Riot Platforms, Inc. (RIOT)
CIK:        0001167419
Form:       8-K
Filed at:   2026-01-02T23:59:59+00:00
Accession:  0001104659-26-000248
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1167419/000110465926000248/0001104659-26-000248-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1167419/000110465926000248/riot-20251231x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-000248

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer