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Riot Platforms | 8-K: Riot Platforms Amended and Restated 2019 Equity Incentive Plan and Compensation Agreement

SEC announcement ·  Jun 18 17:33
Summary by Moomoo AI
On June 12, 2024, Riot Platforms, Inc., a Nevada-based company, reported several key corporate developments in a Current Report on Form 8-K filed with the SEC. The company announced the adoption of the Sixth Amendment to its 2019 Equity Incentive Plan, which was approved by stockholders at the annual meeting held on the same date. This amendment increases the number of shares reserved for issuance under the plan by 15 million shares. Additionally, Riot Platforms amended executive employment agreements to revise severance benefits for certain officers, effective the same day. The company also adopted a new form of indemnification agreement for its officers and directors to provide adequate protection against liabilities. Furthermore, Riot Platforms filed an amendment to its Articles of Incorporation with...Show More
On June 12, 2024, Riot Platforms, Inc., a Nevada-based company, reported several key corporate developments in a Current Report on Form 8-K filed with the SEC. The company announced the adoption of the Sixth Amendment to its 2019 Equity Incentive Plan, which was approved by stockholders at the annual meeting held on the same date. This amendment increases the number of shares reserved for issuance under the plan by 15 million shares. Additionally, Riot Platforms amended executive employment agreements to revise severance benefits for certain officers, effective the same day. The company also adopted a new form of indemnification agreement for its officers and directors to provide adequate protection against liabilities. Furthermore, Riot Platforms filed an amendment to its Articles of Incorporation with the State of Nevada to double the number of authorized shares of common stock from 340 million to 680 million, following stockholder approval. During the 2024 Annual Meeting, stockholders voted on five proposals, including the election of directors, ratification of independent auditors, advisory vote on executive compensation, approval to amend the Articles of Incorporation, and approval of the Sixth Amendment to the 2019 Equity Incentive Plan. All proposals were approved by the stockholders.

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