secwatch.observer — SEC 8-K summary
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Issuer:     RYVYL Inc. (RVYL)
CIK:        0001419275
Form:       8-K
Filed at:   2023-06-06T23:59:59+00:00
Accession:  0001185185-23-000615
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419275/000118518523000615/0001185185-23-000615-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419275/000118518523000615/ryvyl20230606_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-23-000615

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