---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-23-000615"
form_type: "8-K"
ticker: "RVYL"
cik: "0001419275"
company_name: "RYVYL Inc."
filed_at: "2023-06-06T23:59:59+00:00"
generated_at: "2026-06-14T06:29:09.995524+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# RYVYL appoints Gene Jones as Interim CFO, replacing Mary Lay Hoitt

## Summary
- Gene Jones appointed Interim CFO effective June 1, 2023, replacing Mary Lay Hoitt.
- Compensation: $375/hour plus 3% admin fee to SeatonHill; ESA can be terminated with 30 days notice.
- Jones previously provided consulting services under separate agreement; SeatonHill paid $92,410.32 since March 15, 2023.
- Jones collaborated on the 2021 and 2022 financial restatements and compliance filings for RYVYL.
- Jones is a partner at SeatonHill Partners, a CFO services firm.

## SEC filing metadata
- accession: 0001185185-23-000615
- form_type: 8-K
- ticker: RVYL
- cik: 0001419275
- company_name: RYVYL Inc.
- filed_at: 2023-06-06T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1419275/000118518523000615/0001185185-23-000615-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1419275/000118518523000615/ryvyl20230606_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-23-000615
- JSON: https://secwatch.observer/filing/0001185185-23-000615.json
- Plain text: https://secwatch.observer/filing/0001185185-23-000615.txt

## Key facts
- Executive change
  Gene Jones was appointed as Interim Chief Financial Officer at RYVYL Inc..
  - Action: appointed
  - Role: Interim Chief Financial Officer
  source text: appointed Gene Jones as the Company’s Interim Chief Financial Officer, effective as of June 1, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1419275/000118518523000615/0001185185-23-000615-index.htm
- Executive change
  Mary Lay Hoitt departed as Chief Financial Officer at RYVYL Inc..
  - Action: left
  - Role: Chief Financial Officer
  source text: replacing Mary Lay Hoitt who left the Company on the same day.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1419275/000118518523000615/0001185185-23-000615-index.htm

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