{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-024189","form_type":"8-K","ticker":"RILY","cik":"0001464790","company_name":"BRC Group Holdings, Inc.","filed_at":"2025-03-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.704099+00:00","generated_at":"2026-05-24T18:10:10.194923+00:00","sec_items":["5.02","8.01","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"B. Riley Financial completes carve-out of B. Riley Securities; retains ~89% ownership; BRS trades OTC under BRLY","bullets":["BRS completed tax-free merger with Cascadia (OTC: CDIV), becoming separate entity with own governance.","BRS common stock to be quoted on OTC Pink under ticker 'BRLY'.","B. Riley Financial retains ~89% ownership; remaining shares held by BRS employees via RSAs and former Cascadia shareholders.","Andrew Moore (Chairman & Co-CEO) and James Baker (Co-CEO) appointed to lead BRS; BRS is debt-free.","BRS board: five members, four appointed by BRF; two independent directors to be appointed within 30 days."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-024189","json":"https://secwatch.observer/filing/0001213900-25-024189.json","markdown":"https://secwatch.observer/filing/0001213900-25-024189.md","text":"https://secwatch.observer/filing/0001213900-25-024189.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1464790/000121390025024189/0001213900-25-024189-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1464790/000121390025024189/ea0234505-8k_briley.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T18:10:10.194923+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}