---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-23-000206"
form_type: "8-K"
ticker: "RVYL"
cik: "0001419275"
company_name: "RYVYL Inc."
filed_at: "2023-03-14T23:59:59+00:00"
generated_at: "2026-06-18T03:03:41.984564+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# RYVYL appoints Mary Lay Hoitt as Interim CFO replacing J. Drew Byelick

## Summary
- Mary Lay Hoitt appointed Interim CFO effective March 9, replacing J. Drew Byelick who resigned.
- Hoitt is a partner at SeatonHill; RYVYL will pay SeatonHill $51,500 per month.
- Hoitt has experience with financial restatements and raising over $50M in PIPE financing.
- Company is in the process of restating previously issued financial statements and filing 2022 annual report.

## SEC filing metadata
- accession: 0001185185-23-000206
- form_type: 8-K
- ticker: RVYL
- cik: 0001419275
- company_name: RYVYL Inc.
- filed_at: 2023-03-14T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1419275/000118518523000206/0001185185-23-000206-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1419275/000118518523000206/ryvyl20230313_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-23-000206
- JSON: https://secwatch.observer/filing/0001185185-23-000206.json
- Plain text: https://secwatch.observer/filing/0001185185-23-000206.txt

## Key facts
- Executive change
  Mary Lay Hoitt was appointed as Interim Chief Financial Officer at RYVYL Inc..
  - Action: appointed
  - Role: Interim Chief Financial Officer
  source text: On March 8, 2023, RYVYL Inc. (the “Company”) appointed Mary Lay Hoitt as the Company’s Interim Chief Financial Officer, effective as of March 9th.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1419275/000118518523000206/0001185185-23-000206-index.htm

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