secwatch.observer — SEC 8-K summary
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Issuer:     RiskOn International, Inc. (—)
CIK:        0001437491
Form:       8-K
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0001214659-24-001283
Event type: leadership
Sentiment:  negative
Materiality: 0.85
Item codes: 5.02, 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437491/000121465924001283/0001214659-24-001283-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437491/000121465924001283/j1292428k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-24-001283

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer