{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-005664","form_type":"8-K","ticker":"RILY","cik":"0001464790","company_name":"BRC Group Holdings, Inc.","filed_at":"2026-01-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.126307+00:00","generated_at":"2026-05-16T09:31:52.513268+00:00","sec_items":["1.01","5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"BRC Group amends credit agreement to allow up to $25M note repurchase; reduces EVP Forman's severance to 2/3 base salary","bullets":["Amendment No. 4 to credit agreement permits repurchase of up to $25M of unsecured notes on or before June 30, 2026.","Amendment reduces Executive VP & General Counsel Alan Forman's severance to 2/3 of base salary (lump sum) from prior amount.","Both amendments executed between Jan 14-15, 2026; credit amendment involves Oaktree lenders as counterparties."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-005664","json":"https://secwatch.observer/filing/0001213900-26-005664.json","markdown":"https://secwatch.observer/filing/0001213900-26-005664.md","text":"https://secwatch.observer/filing/0001213900-26-005664.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1464790/000121390026005664/0001213900-26-005664-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1464790/000121390026005664/ea0273229-8k_brcgroup.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T09:31:52.513268+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":"f4d7dd3f66a25d4a582f3b9d88f442aa2c4238a7","claim":"BRC Group Holdings, Inc. amended Amendment No. 4 with Oaktree Fund Administration, LLC valued at Allowed company to repurchase unsecured notes on or prior to June 30, 2026 in an aggregate outstandi (effective 2026-01-14).","evidence_excerpt":"On January 14, 2026, BRC Group Holdings, Inc. (the “ Company ”) and its wholly owned subsidiary BR Financial Holdings, LLC (the “ Borrower ”) entered into Amendment No. 4 (the “ Credit Agreement Amendment ”) to that certain Credit Agreement, dated as of February 26, 2025, by and among the Company, Borrower, each of the lenders party thereto, and Oaktree Fund Administration, LLC, as administrative agent and as collateral agent (as amended by Amendment No. 1 dated as of March 24, 2025, Amendment No. 2 dated as of July 8, 2025 and Amendment No. 3 dated as of October 8, 2025, the “ Credit Agreement ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1464790/000121390026005664/0001213900-26-005664-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Oaktree Fund Administration, LLC"},{"label":"Value","value":"Allowed company to repurchase unsecured notes on or prior to June 30, 2026 in an aggregate outstandi"},{"label":"Effective","value":"2026-01-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}