---
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"
generated_at: "2026-05-20T18:02:32.190724+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# B. Riley Financial appoints Scott Yessner as CFO; B. Riley Securities reports 2024 adjusted net income of $33.1M

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.02, 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-046915
- JSON: https://secwatch.observer/filing/0001213900-25-046915.json
- Plain text: https://secwatch.observer/filing/0001213900-25-046915.txt

## Key facts
- Executive change
  Scott Yessner was appointed as Executive Vice President and Chief Financial Officer at BRC Group Holdings, Inc..
  - Action: appointed
  - Role: Executive Vice President and Chief Financial Officer
  source text: Scott Yessner has been appointed to serve as Executive Vice President and Chief Financial Officer of the Company, effective June 3, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1464790/000121390025046915/0001213900-25-046915-index.htm
- Executive change
  Phillip J. Ahn resigned as Chief Financial Officer and Chief Operating Officer at BRC Group Holdings, Inc..
  - Action: resigned
  - Role: Chief Financial Officer and Chief Operating Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1464790/000121390025046915/0001213900-25-046915-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.