{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-046915","form_type":"8-K","ticker":"RILY","cik":"0001464790","company_name":"BRC Group Holdings, Inc.","filed_at":"2025-05-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.373879+00:00","generated_at":"2026-05-20T18:02:32.190724+00:00","sec_items":["3.02","5.02","7.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"B. Riley Financial appoints Scott Yessner as CFO; B. Riley Securities reports 2024 adjusted net income of $33.1M","bullets":["Scott Yessner appointed CFO effective June 3, 2025, succeeding Phillip Ahn who resigned May 16.","Yessner receives $600K base salary, target bonus $1M, signing bonus $1M, 300K options (tranches at $7/$10/$12.50) and 100K restricted shares.","B. Riley Securities (carve-out) reports 2024 adjusted net revenue $211.0M, adjusted net income $33.1M, total revenue $217.7M.","BRS raised $16.5B in debt/equity for clients in 2024; expanded Convertibles and Liability Management capabilities.","Yessner previously CFO of Funko, CEMCO (led $40M EBITDA improvement), and Universal Technical Institute ($45M EBITDA improvement)."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-046915","json":"https://secwatch.observer/filing/0001213900-25-046915.json","markdown":"https://secwatch.observer/filing/0001213900-25-046915.md","text":"https://secwatch.observer/filing/0001213900-25-046915.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1464790/000121390025046915/0001213900-25-046915-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1464790/000121390025046915/ea0242796-8k_briley.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T18:02:32.190724+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":[{"claim_id":"0ffac109ac","claim":"Scott Yessner was appointed as Executive Vice President and Chief Financial Officer at BRC Group Holdings, Inc..","evidence_excerpt":"Scott Yessner has been appointed to serve as Executive Vice President and Chief Financial Officer of the Company, effective June 3, 2025","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1464790/000121390025046915/0001213900-25-046915-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Executive Vice President and Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"fd0d7452cf","claim":"Phillip J. Ahn resigned as Chief Financial Officer and Chief Operating Officer at BRC Group Holdings, Inc..","evidence_excerpt":"Mr. Yessner succeeds Phillip J. Ahn, who resigned on May 16, 2025 as Chief Financial Officer and Chief Operating Officer of the Company as well as a director and officer of certain Company subsidiaries, effective as of the Transition Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1464790/000121390025046915/0001213900-25-046915-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Financial Officer and Chief Operating Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}