---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-016507"
form_type: "8-K"
ticker: "BENF"
cik: "0001775734"
company_name: "Beneficient"
filed_at: "2025-06-25T23:59:59+00:00"
generated_at: "2026-05-18T19:43:56.342595+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Beneficient CEO/Chairman Brad Heppner resigns amid audit interview dispute

## Summary
- Brad Heppner resigned as CEO and director effective June 19, 2025, after refusing a formal interview about documents provided to auditors in 2019.
- Resignation follows request from Audit Committee; Heppner's counsel alleges company threatened 8-K to pressure concessions.
- Heppner rejected proposals including conversion of preferred shares held by BHI to meet Nasdaq equity requirements.
- Heppner stated only viable course for company is orderly wind down of operations.

## SEC filing metadata
- accession: 0001641172-25-016507
- form_type: 8-K
- ticker: BENF
- cik: 0001775734
- company_name: Beneficient
- filed_at: 2025-06-25T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1775734/000164117225016507/0001641172-25-016507-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1775734/000164117225016507/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-016507
- JSON: https://secwatch.observer/filing/0001641172-25-016507.json
- Plain text: https://secwatch.observer/filing/0001641172-25-016507.txt

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