---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-24-001283"
form_type: "8-K"
ticker: null
cik: "0001437491"
company_name: "RiskOn International, Inc."
filed_at: "2024-01-29T23:59:59+00:00"
generated_at: "2026-06-06T15:50:59.427067+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# RiskOn CEO and CFO resign; Todd Ault appointed Chairman and CEO; White River distribution abandoned

## Summary
- Randy May resigns as Chairman and CEO; Jay Puchir resigns as CFO effective Jan 29, 2024.
- Milton C. 'Todd' Ault appointed Chairman and CEO; Kayson Pulsipher appointed CFO with $250k base salary and $50k signing bonus.
- William Horne and Steve Smith join Board; Joseph Spaziano COO; Douglas Gintz CTO.
- Company abandons planned distribution of White River Energy shares due to regulatory reasons; enters Transfer Agreement to attempt alternative transfer.
- New CEO Ault and other officers initially uncompensated; Pulsipher employment includes clawback provisions.

## SEC filing metadata
- accession: 0001214659-24-001283
- form_type: 8-K
- cik: 0001437491
- company_name: RiskOn International, Inc.
- filed_at: 2024-01-29T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 5.02, 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437491/000121465924001283/0001214659-24-001283-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437491/000121465924001283/j1292428k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-24-001283
- JSON: https://secwatch.observer/filing/0001214659-24-001283.json
- Plain text: https://secwatch.observer/filing/0001214659-24-001283.txt

## Key facts
- Executive change
  Randy May resigned as Chairman of the Board of Directors at RiskOn International, Inc..
  - Action: resigned
  - Role: Chairman of the Board of Directors
  source text: the Company, accepted the resignations of (i) Randy May, its former Chairman of the Board of Directors (the “ Board ”) in such capacity, and as the Company’s Chief Executive Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437491/000121465924001283/0001214659-24-001283-index.htm
- Executive change
  Milton C. Ault was appointed as Chief Executive Officer at RiskOn International, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On the Effective Date, the Company appointed Mr. Ault as its Chairman of the Board as well as its Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437491/000121465924001283/0001214659-24-001283-index.htm
- Executive change
  Jay Puchir resigned as Chief Financial Officer at RiskOn International, Inc..
  - Action: resigned
  - Role: Chief Financial Officer
  source text: and (ii) Jay Puchir, its former Chief Financial Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437491/000121465924001283/0001214659-24-001283-index.htm
- Executive change
  Milton C. Ault was appointed as Chairman of the Board at RiskOn International, Inc..
  - Action: appointed
  - Role: Chairman of the Board
  source text: On the Effective Date, the Company appointed Mr. Ault as its Chairman of the Board as well as its Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437491/000121465924001283/0001214659-24-001283-index.htm
- Executive change
  Randy May resigned as Chief Executive Officer at RiskOn International, Inc..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: the Company, accepted the resignations of (i) Randy May, its former Chairman of the Board of Directors (the “ Board ”) in such capacity, and as the Company’s Chief Executive Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437491/000121465924001283/0001214659-24-001283-index.htm

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