{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-003900","form_type":"8-K/A","ticker":"RILY","cik":"0001464790","company_name":"BRC Group Holdings, Inc.","filed_at":"2026-01-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.125173+00:00","generated_at":"2026-05-16T10:39:11.266341+00:00","sec_items":["9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"BRC Group pro forma shows GlassRatner sale worsened net losses across 2022-2024","bullets":["Sale removed $92.2M in services fees (2024); operating loss increased by $21.8M after disposal.","Pro forma net loss available to common: 2024 $914M vs $900M; 2023 $167M vs $157M; 2022 $281M vs $278M.","Company used ~$32.9M of proceeds to repay Oaktree term loan, saving ~$3.8M in annual interest.","Transition services agreement with buyer provides estimated fees for six months post-close.","GlassRatner was substantially all of the Financial Consulting segment; now reported as discontinued ops."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-003900","json":"https://secwatch.observer/filing/0001213900-26-003900.json","markdown":"https://secwatch.observer/filing/0001213900-26-003900.md","text":"https://secwatch.observer/filing/0001213900-26-003900.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1464790/000121390026003900/0001213900-26-003900-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1464790/000121390026003900/ea026946601-8ka1_briley.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T10:39:11.266341+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"}