RYVYL boosts COO and CFO salaries to $320K; COO bonus tied to financial restatements

RYVYL Inc.

Base salaries for COO Min Wei and CFO James Byelick raised to $320,000 retroactive to Jan 1, 2023.
Retroactive payments: $15,833.36 to Wei and $18,958.34 to Byelick (CFO resigned Mar 2, 2023).
COO Wei eligible for $160,000 performance bonus: 2/3 upon completion of restatements for FY2021 and Q1-Q3 2022 plus 2022 10-K filing, 1/3 after SEC review.
Restatements indicate prior financial statements for FY2021 and interim 2022 periods were incorrect, adding governance concerns.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

James D. Byelick

Chief Financial Officer

RVYL · RYVYL Inc.

Effective: 2023-03-02
Filed: March 21, 2023, 7:59 PM ET

Mr. James D. Byelick, the Chief Financial Officer of the Company at the time of the Committee’s approval (Mr. Byelick resigned on March 2, 2023).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

James D. Byelick resigned as Chief Financial Officer at RYVYL Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

Mr. James D. Byelick, the Chief Financial Officer of the Company at the time of the Committee’s approval (Mr. Byelick resigned on March 2, 2023).

View on SEC.gov

RYVYL Inc. filing history →

Source: SEC EDGAR

accession 0001185185-23-000240

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.