B. Riley Financial Announces Material Agreement, Officer Changes
Ticker: RILYT · Form: 8-K · Filed: Oct 14, 2025 · CIK: 1464790
| Field | Detail |
|---|---|
| Company | B. Riley Financial, Inc. (RILYT) |
| Form Type | 8-K |
| Filed Date | Oct 14, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $10,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, management-change, corporate-governance
Related Tickers: RILY
TL;DR
RILEY: New deal inked, execs shuffled. Keep an eye on this.
AI Summary
B. Riley Financial, Inc. announced on October 8, 2025, the entry into a material definitive agreement. The company also reported the departure of directors or certain officers, the election of directors, and the appointment of certain officers, along with compensatory arrangements for these officers. The filing includes financial statements and exhibits related to these events.
Why It Matters
This 8-K filing signals significant corporate actions at B. Riley Financial, including a new material agreement and changes in its leadership structure, which could impact its strategic direction and operational execution.
Risk Assessment
Risk Level: medium — Changes in leadership and material definitive agreements can introduce uncertainty and potential shifts in business strategy, warranting a medium risk assessment.
Key Players & Entities
- B. Riley Financial, Inc. (company) — Filer
- Great American Group, Inc. (company) — Former Company Name
FAQ
What is the nature of the material definitive agreement entered into by B. Riley Financial?
The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the provided text.
Who are the directors or officers departing from B. Riley Financial?
The filing states the departure of directors or certain officers, but does not name the individuals involved.
Who has been elected as a director or appointed as an officer at B. Riley Financial?
The filing mentions the election of directors and appointment of certain officers, but does not provide their names.
What are the compensatory arrangements for the newly appointed officers?
The filing notes that there are compensatory arrangements for certain officers, but the specifics are not detailed in the provided text.
What is the significance of the financial statements and exhibits filed with this 8-K?
The financial statements and exhibits are filed in connection with the material definitive agreement, officer and director changes, and compensatory arrangements, providing supporting documentation for these events.
Filing Stats: 854 words · 3 min read · ~3 pages · Grade level 11 · Accepted 2025-10-14 08:03:14
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share RILY Nasdaq Global Market
- $10,000,000 — aggregate outstanding amount exceeding $10,000,000. The Credit Agreement Amendment provide
Filing Documents
- ea0260959-8k_briley.htm (8-K) — 45KB
- ea026095901ex10-1_briley.htm (EX-10.1) — 38KB
- 0001213900-25-098390.txt ( ) — 333KB
- rily-20251008.xsd (EX-101.SCH) — 5KB
- rily-20251008_def.xml (EX-101.DEF) — 29KB
- rily-20251008_lab.xml (EX-101.LAB) — 40KB
- rily-20251008_pre.xml (EX-101.PRE) — 27KB
- ea0260959-8k_briley_htm.xml (XML) — 13KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement Amendment to Credit Agreement On October 8, 2025, B. Riley Financial, Inc. (the " Company ") and its wholly owned subsidiary BR Financial Holdings, LLC (the " Borrower ") entered into an amendment (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 the Amendment No. 1 to Credit Agreement, dated as of February 26, 2025 and the Amendment No. 2 to Credit Agreement, dated as of July 8, 2025, the " Credit Agreement "). Pursuant to the Credit Agreement, the maturity date for the Initial Term Loans (as defined in the Credit Agreement) matures on the earlier of (i) February 26, 2028, and (ii) a springing maturity date 91 days prior to the maturity of any series of bonds, notes or bank indebtedness of the Company or the Borrower (other than the Company's 6.375% Senior Notes due February 28, 2025 and the Company's 5.50% Senior Notes due March 31, 2026) outstanding on such date with an aggregate outstanding amount exceeding $10,000,000. The Credit Agreement Amendment provides that this springing maturity date shall in no event occur prior to March 31, 2027, thereby extending the earliest possible maturity date of the Initial Term Loans from July 1, 2026. The foregoing description of the Credit Agreement Amendment is qualified in its entirety by reference to the full text of the Credit Agreement Amendment filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
02(a) Departure of Directors or Certain
Item 5.02(a) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 10, 2025, Michael Sheldon, a member of the Company's Board of Directors, informed the Company of his decision not to seek re-election at the Company's next annual meeting of stockholders. Mr. Sheldon has no disagreements with the Company on any matters related to the Company's operations, policies or practices.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Amendment No. 3 to Credit Agreement, dated October 8, 2025, among B. Riley Financial, Inc., BR Financial Holdings, LLC, each of the lenders party thereto, and Oaktree Fund Administration, LLC 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. B. Riley Financial, Inc. By: /s/ Bryant R. Riley Name: Bryant R. Riley Title: Co-CEO Date: October 14, 2025 2