{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-110582","form_type":"8-K","ticker":"RILY","cik":"0001464790","company_name":"BRC Group Holdings, Inc.","filed_at":"2025-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.457958+00:00","generated_at":"2026-05-16T19:50:06.317129+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"B. Riley enters new employment agreement with Co-CEO Bryant Riley; ties pay to revenue generation","bullets":["Eliminates base salary (replaced by California exempt wage threshold) and cash bonus/LTI awards; CEO participates in BRS senior managing director incentive program based on revenue share.","Executive earned $2.48M initial incentive; additional $8.35M due by Nov 15, 2025; subject to clawback if resigns or terminated for cause within 24 months.","Severance payment set at $2.8M lump sum plus COBRA reimbursement up to 12 months upon termination without cause, death/disability, or resignation for good reason.","Compensation structure effective through fiscal year 2026; Compensation Committee can terminate program at any time at its discretion.","Company notes CEO generated ~$59M in revenues for BRS from March 9 to September 30, 2025, used to compute initial incentive payments."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-110582","json":"https://secwatch.observer/filing/0001213900-25-110582.json","markdown":"https://secwatch.observer/filing/0001213900-25-110582.md","text":"https://secwatch.observer/filing/0001213900-25-110582.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1464790/000121390025110582/0001213900-25-110582-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1464790/000121390025110582/ea0265628-8k_briley.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T19:50:06.317129+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"}