{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-23-000240","form_type":"8-K","ticker":"RVYL","cik":"0001419275","company_name":"RYVYL Inc.","filed_at":"2023-03-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.864052+00:00","generated_at":"2026-06-17T22:09:22.399928+00:00","sec_items":["5.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"RYVYL boosts COO and CFO salaries to $320K; COO bonus tied to financial restatements","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-23-000240","json":"https://secwatch.observer/filing/0001185185-23-000240.json","markdown":"https://secwatch.observer/filing/0001185185-23-000240.md","text":"https://secwatch.observer/filing/0001185185-23-000240.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1419275/000118518523000240/0001185185-23-000240-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1419275/000118518523000240/ryvyl20230320_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T22:09:22.399928+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8b4cde11ca","claim":"James D. Byelick resigned as Chief Financial Officer at RYVYL Inc..","evidence_excerpt":"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).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1419275/000118518523000240/0001185185-23-000240-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}