Scott Buchanan becomes President at Bitcoin Depot Inc. (NASDAQ: BTMWW)

Rhea-AI Filing Summary

Bitcoin Depot Inc. announced that its Board of Directors appointed Scott Buchanan as President of the company, effective August 28, 2025. He will continue in his existing roles as Chief Operating Officer and as a member of the Board.

The filing outlines Mr. Buchanan’s prior roles at the company, including Chief Financial Officer and Acting Chief Financial Officer, as well as earlier finance and HR leadership positions and prior experience at Acuity Brands. The company states there are no special arrangements or family relationships tied to his appointment and that none of his existing compensation or benefit arrangements were changed in connection with this new title.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 28, 2025

Bitcoin Depot Inc.

(Exact name of registrant as specified in its charter)

Delaware		001-41305		87-3219029
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification No.)

2870 Peachtree Road, Suite 327

Atlanta, GA 30305

(Address of principal executive offices)

(678) 435-9604

Registrant’s telephone number, including area code

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CRF 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CRF 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CRF 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13c-4(c) under the Exchange Act (17 CRF 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class A Common Stock, par value $0.0001 per share		BTM		The Nasdaq Stock Market LLC
Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share		BTMWW		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 28, 2025, the Board of Directors (the “Board”) of Bitcoin Depot Inc. (the “Company”) appointed Mr. Scott Buchanan as the President of the Company, effective August 28, 2025. In addition this appointment, Mr. Buchanan will continue to serve as the Company’s Chief Operating Officer and as a director on the Board.

Mr. Buchanan has served as the Company’s Chief Operating Officer and as a director on the Board since March 2022. From November 2024 to March 2025, he also served as the Company’s Acting Chief Financial Officer and Principal Financial Officer. He served as the Company’s Chief Financial Officer from August 2020 to January 2023. From June 2019 to August 2020, Mr. Buchanan served as the Company’s Vice President of Finance/Human Resources. Prior to joining the Company, Mr. Buchanan worked at Acuity Brands (NYSE: AYI) in various finance leadership roles beginning in December 2015.

There are no arrangements or understandings between Mr. Buchanan and any other person pursuant to which he was appointed to serve as President. Mr. Buchanan does not have any family relationships with any of the Company’s directors or executive officers and is not a party to any transactions that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K.

None of Mr. Buchanan’s existing compensation, award or benefit arrangements with the Company were modified in connection with his appointment as President.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number	Description
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				Bitcoin Depot Inc.
Dated: September 3, 2025				By:		/s/ Brandon Mintz
				Name:		Brandon Mintz
				Title:		Chief Executive Officer

FAQ

What leadership change did Bitcoin Depot Inc. (BTMWW) disclose?

Bitcoin Depot Inc. disclosed that its Board appointed Scott Buchanan as President of the company, effective August 28, 2025.

Will Scott Buchanan keep his other roles at Bitcoin Depot Inc. (BTMWW)?

Yes. Scott Buchanan will continue to serve as Chief Operating Officer and as a director on the Board while also serving as President.

Did Bitcoin Depot Inc. change Scott Buchanan’s compensation with this appointment?

No. The company states that none of Mr. Buchanan’s existing compensation, award or benefit arrangements were modified in connection with his appointment as President.

Does Scott Buchanan have any family relationships with Bitcoin Depot Inc. directors or officers?

The company reports that Mr. Buchanan does not have any family relationships with its directors or executive officers.

Are there any related-party transactions involving Scott Buchanan at Bitcoin Depot Inc.?

Bitcoin Depot Inc. states that Mr. Buchanan is not a party to any transactions that would require disclosure under Item 404(a) of Regulation S-K.

What prior roles has Scott Buchanan held at Bitcoin Depot Inc.?

Mr. Buchanan has served as Chief Operating Officer and director since March 2022, and previously served as Chief Financial Officer, Acting Chief Financial Officer and Principal Financial Officer, and Vice President of Finance/Human Resources.