other material
confidence high
sentiment neutral
materiality 0.60
Riot Platforms amends exec employment agreements for CEO, Exec Chairman, EVP GC, and EVP Corp Dev
Riot Platforms, Inc.
- Agreements amended with Jason Les (CEO), Benjamin Yi (Exec Chairman), William Jackman (EVP GC), Jason Chung (EVP Corp Dev).
- Severance benefits to be paid in lump sum: 50% within 20 business days of signing severance agreement, remainder 6 months+1 day after termination.
- Service-based and performance-based stock awards to be settled within 5 business days of signing severance agreement.
- Employment term set at 36 months, automatically renews for successive 12-month periods unless non-renewed.
- No change to other compensation terms or executive officer rights as previously disclosed.