---
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"
generated_at: "2026-05-16T19:50:06.317129+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# B. Riley enters new employment agreement with Co-CEO Bryant Riley; ties pay to revenue generation

## Summary
- 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.

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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-110582
- JSON: https://secwatch.observer/filing/0001213900-25-110582.json
- Plain text: https://secwatch.observer/filing/0001213900-25-110582.txt

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