Brett Moyer
About Brett Moyer
Brett Moyer is an independent director of RYVYL Inc., appointed June 12, 2025. He currently serves on the Audit, Compensation, and Nominating & Corporate Governance Committees, and has been deemed the Audit Committee Financial Expert. Moyer is CFO of Datavault AI Inc. (since Dec 2024) and previously was founder, President & CEO, and board chair of WiSA Technologies (2010–Dec 31, 2024). He holds a BA in Economics from Beloit College and an MBA (finance & accounting) from Thunderbird School of Global Management .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| WiSA Technologies | President, CEO; Chair of Board | Aug 2010 – Dec 31, 2024 | Led public-company operations and board; stepped down upon WiSA’s asset acquisition and rebranding to Datavault AI . |
| Focus Enhancements, Inc. | President & CEO | Aug 2002 – Jul 2010 | Led developer/marketer of video technology . |
| Zenith Electronics Inc. | VP & GM, Commercial Products Division | Feb 1986 – May 1997 | Senior operating leadership in consumer electronics . |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Datavault AI Inc. | Chief Financial Officer | Dec 2024 – Present | Data sciences technology company; WiSA acquired Data Vault Holdings’ assets; company renamed Datavault AI . |
| Alliant International University | Director (Board) | Jun 2016 – Present | Private university; ongoing directorship disclosed . |
| HotChalk, Inc. | Director (Board) | 2003 – Dec 2015 | Educational software developer . |
| NeoMagic Corporation | Director (Board) | Mar 2007 – Sep 2008 | Semiconductor developer . |
Board Governance
- Independence: RYVYL disclosed Brett Moyer as an independent director (one of two independents at the time) .
- Committee assignments: Audit; Compensation; Nominating & Corporate Governance (appointed June 12, 2025) .
- Audit Committee Financial Expert: Yes; as of Sept 2025 he was the only Audit Committee member and designated the audit committee financial expert .
- Nasdaq compliance status (context): As of Sept 15, 2025, RYVYL reported noncompliance with Nasdaq’s majority independent board and three-member Audit Committee requirements and outlined plans to regain compliance; Moyer was then the sole Audit Committee member .
Fixed Compensation
Director compensation program terms (as disclosed):
| Program Element | Amount | Timing/Notes |
|---|---|---|
| Non-employee director cash retainer (updated) | $5,000 per month | Current arrangement for all non-employee directors . |
| Prior program (FY 2024): Non-employee director | $2,500 cash + $2,500 in stock per month | Chairs of independent committees: $5,000 cash + $5,000 in stock per month . |
| Reimbursements | Reasonable travel/out-of-pocket | Standard practice . |
| Indemnification & D&O | Indemnification agreement; D&O insurance | Provided under BOD Agreements . |
| 10b5-1 trading plan | Company to provide/maintain plan | Special cash make-whole provisions applied to a former director (Montoya) when plan unavailable; now terminated with his resignation . |
Context: FY 2024 total non-employee director compensation (for sitting directors; Moyer joined in 2025):
| Name (FY 2024) | Fees Earned or Paid in Cash ($) | Stock Awards ($) | Total ($) |
|---|---|---|---|
| Genevieve Baer | 45,000 | 18,768 | 63,768 |
| Ezra Laniado | 45,000 | 18,773 | 63,773 |
| David Montoya | 102,000 | 37,554 | 139,554 |
Performance Compensation
- No performance-based director compensation metrics were disclosed for RYVYL’s non-employee directors (awards are fixed retainers and time-based equity grants under program terms) .
Other Directorships & Interlocks
- Current public company directorships: None disclosed beyond RYVYL; Moyer’s current external role is CFO of Datavault AI (management role, not a disclosed board seat) .
- Interlocks/related parties: No interlocks or related-party transactions involving Moyer were disclosed in the cited RYVYL director biographies and compensation sections; family relationships disclosure did not identify any for Moyer .
Expertise & Qualifications
- Financial expertise: Designated Audit Committee Financial Expert at RYVYL .
- Executive experience: Former CEO/Chair (WiSA), CEO (Focus Enhancements), senior operating exec (Zenith) .
- Education: BA Economics (Beloit); MBA (finance & accounting) Thunderbird .
- Sector background: Technology, electronics, and data sciences; board and audit oversight depth .
Equity Ownership
| Security | Beneficial Ownership | Notes |
|---|---|---|
| RYVYL Common Stock | 0 shares reported | Initial Form 3 filed Sept 12, 2025 stated “No securities are beneficially owned.” |
| Derivatives/Options | None reported | Form 3 Table II showed no derivative securities . |
| Pledged/Hedged | Not disclosed | No pledge/hedge noted for Moyer in filings cited . |
Governance Assessment
- Strengths:
- Independent director with deep operating and finance background; designated Audit Committee Financial Expert, which is valuable given RYVYL’s post-restatement governance needs .
- Multi-committee service (Audit, Compensation, Nominating) enhances board coverage and engagement .
- Concerns / RED FLAGS:
- As of Sept 2025, RYVYL reported Nasdaq noncompliance; Audit Committee had only one member (Moyer), creating concentration of oversight risk until additional independent directors are appointed .
- Initial Form 3 shows zero share ownership, signaling limited immediate “skin-in-the-game” pending any future grants or purchases; alignment may improve as equity awards vest under the director program .
- Program shift to cash-only retainers ($5,000/month) for all non-employee directors reduces ongoing equity mix versus prior structure, potentially modestly lowering at-risk alignment unless supplemented by periodic equity grants .
Board Governance (Details)
| Attribute | Status/Details |
|---|---|
| Independence | Independent director (one of two independents as of Sept 15, 2025) . |
| Committees | Audit; Compensation; Nominating & Corporate Governance (appointed June 12, 2025) . |
| Committee Chairs | None disclosed for Moyer . |
| Audit Financial Expert | Yes (Moyer) . |
| Attendance | Not disclosed for RYVYL; no individual attendance data available in cited filings. |
Notes and Sources:
- Appointment and committees: 8-K Item 5.02 (June 13, 2025) .
- Independence and Nasdaq compliance context: 8-K Item 3.01 (Sept 17, 2025) .
- Biography, education, external roles: RYVYL preliminary/definitive proxy and S-1/A bios .
- Director compensation program and historical amounts: DEF 14A/DEFR14A/PRE 14A/S-1/A and 10-K (FY 2024 director comp table and narrative) .
- Ownership: Form 3 initial beneficial ownership (no securities) filed Sept 12, 2025 .