B. Riley Financial Announces 2024 Annual Meeting of Stockholders

TL;DR

<b>B. Riley Financial invites stockholders to its 2024 Annual Meeting on June 21, 2024, emphasizing its long-standing strategy and market position.</b>

AI Summary

B. Riley Financial, Inc. (RILYT) filed a Proxy Statement (DEF 14A) with the SEC on May 10, 2024. B. Riley Financial will hold its 2024 Annual Meeting virtually on June 21, 2024, at 8:00 a.m. Pacific Time. The company has focused on meeting the strategic and financial needs of small- and mid-cap clients for 27 years. B. Riley aims to grow its leadership in the small- and mid-cap market by providing financial services and capital solutions. Stockholders of record and 'street name' stockholders can attend virtually, submit questions, and vote electronically. The filing is a Definitive Proxy Statement (DEF 14A) filed on May 10, 2024.

Why It Matters

For investors and stakeholders tracking B. Riley Financial, Inc., this filing contains several important signals. The annual meeting is a key event for shareholders to exercise their voting rights on company matters. The company highlights its consistent strategy and market positioning, signaling confidence in its future performance.

Risk Assessment

Risk Level: low — B. Riley Financial, Inc. shows low risk based on this filing. The filing is a routine proxy statement, indicating no immediate significant financial or operational changes requiring urgent attention.

Analyst Insight

Review the proxy statement to understand the proposals being voted on at the annual meeting and consider voting your shares.

Key Numbers

• 27 — Years of Focus (B. Riley's focus on meeting strategic and financial needs of clients)
• 2024 — Annual Meeting Year (B. Riley's 2024 Annual Meeting)
• 8:00 — Meeting Time (Annual Meeting Time (Pacific Time))
• 1934 — SEC Act (Securities Exchange Act of 1934)

Key Players & Entities

• B. Riley Financial, Inc. (company) — Registrant Name
• June 21, 2024 (date) — Annual Meeting Date
• May 10, 2024 (date) — Filing Date
• 1997 (date) — Founding Year
• Great American Group, Inc. (company) — Former Company Name

FAQ

Industry Context

B. Riley Financial operates in the investment advice and financial services sector, focusing on small- and mid-cap markets.

Regulatory Implications

The filing is made under Schedule 14A of the Securities Exchange Act of 1934, a standard regulatory requirement for proxy solicitations.

What Investors Should Do

1. Review the full proxy statement for details on meeting procedures and voting items.
2. Ensure your shares are voted, whether attending the virtual meeting or not.
3. Consider the company's stated strategy and market positioning when evaluating proposals.

Key Dates

• 2024-06-21: Annual Meeting — Key date for stockholders to vote on company matters.
• 2024-05-10: Filing Date — Date the Definitive Proxy Statement was filed with the SEC.

Glossary

DEF 14A

Definitive Proxy Statement (This filing provides detailed information for stockholders regarding the annual meeting and voting matters.)

Street Name Stockholders

Stockholders who hold their shares through a broker or bank. (Important for understanding voting procedures for all shareholders.)

Year-Over-Year Comparison

This is a proxy statement filing, which typically does not include comparative financial data from a previous filing within the document itself.

Filing Documents

• ea0205510-01.htm (DEF 14A) — 1364KB
• tbriley_logo.jpg (GRAPHIC) — 28KB
• tbarchart_001.jpg (GRAPHIC) — 366KB
• tbarchart_002.jpg (GRAPHIC) — 319KB
• tbarchart_003.jpg (GRAPHIC) — 329KB
• tproxy_003.jpg (GRAPHIC) — 1085KB
• tproxy_004.jpg (GRAPHIC) — 1238KB
• 0001213900-24-041725.txt (&nbsp;) — 10009KB
• brfi-20240508.xsd (EX-101.SCH) — 11KB
• brfi-20240508_def.xml (EX-101.DEF) — 6KB
• brfi-20240508_lab.xml (EX-101.LAB) — 32KB
• brfi-20240508_pre.xml (EX-101.PRE) — 10KB
• ea0205510-01_htm.xml (XML) — 316KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 25 PAY VERSUS PERFORMANCE 33 NARRATIVE TO PAY VERSUS PERFORMANCE TABLE 34 DIRECTOR COMPENSATION 37

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 39 REPORT OF THE AUDIT COMMITTEE 41 OTHER MATTERS 42 i Table of Contents B. RILEY FINANCIAL, INC. 11100 SANTA MONICA BOULEVARD, SUITE 800 LOS ANGELES, CA (310) 966-1444 PROXY STATEMENT For Annual Meeting of Stockholders to be held on June 21, 2024 General The Board of Directors (the "Board" or "Board of Directors") is soliciting proxies for use at the Annual Meeting of Stockholders (the "Annual Meeting") of B. Riley Financial, Inc. to be held on June 21, 2024, at 8:00 a.m. Pacific Time or at any adjournment or postponement thereof, for the purposes set forth herein and in the accompanying Notice of Annual Meeting. The Annual Meeting will be a virtual meeting conducted exclusively via live webcast. All references to "us", "we", "our", "B. Riley" and the "Company" refer to B. Riley Financial, Inc. and its subsidiaries. Solicitation of Proxies The Board is soliciting the accompanying proxy. In accordance with unanimous recommendations of our Board, the individuals named in the proxy will vote all shares represented by proxies in the manner designated, or if no designation is made, they will vote the proxies FOR the election of all of the director nominees, and FOR proposal 2. In their discretion, the proxy holders named in the proxy are authorized to vote on any other matters that may properly come before the Annual Meeting and at any continuation, postponement, or adjournment of the Annual Meeting. As of the date of this proxy statement, the Board does not know of any other items of business that will be presented for consideration at the Annual Meeting other than those described in this proxy statement. The individuals acting as proxies will not vote on a particular matter if the proxy card representing those shares instructs them to abstain from voting on that matter or to the extent a proxy card is marked to show that some of the shares represented by the proxy card are not to be v

: Gender Identity

Part I: Gender Identity Male Female Did Not Disclose Directors 3 3 3

: Demographic Information

Part II: Demographic Information White 3 3 — LGBTQ+ 1 Did Not Disclose Demographic Information 3 There are no familial relationships between any of the Company's directors or the Company's executive officers and any other director or executive officer. No arrangement or understanding exists between any nominee and any other person or persons pursuant to whom any nominee was or is to be selected as a director or director nominee of the Company. Information Regarding Directors The following table provides the name, age, and position(s) of each of our directors as of March 31, 2024: Name Age Committees Bryant R. Riley 57 None. Thomas J. Kelleher 56 None. Robert L. Antin 74 Compensation Committee, Environmental, Social and Corporate Governance Committee Tammy Brandt 49 None. Robert D'Agostino 57 Audit Committee, Compensation Committee* Rene E. LaBran 64 Audit Committee, Environmental, Social and Corporate Governance Committee Randall E. Paulson 62 Audit Committee* Michael J. Sheldon 64 Compensation Committee Mimi K. Walters 61 Environmental, Social and Corporate Governance Committee* ____________ * Chairman of the respective committee. 4 Table of Contents Our Nominees for Director Bryant R. Riley has served as our Chairman and Co -Chief Executive Officer since June 2014 and July 2018 respectively, and as a director since August 2009. He also previously served as our Chief Executive Officer from June 2014 to July 2018. In addition, Mr. Riley served as the Chairman of B. Riley & Co., LLC since founding the stock brokerage firm in 1997 until its combination with FBR Capital Markets & Co., LLC in 2017 and as Chief Executive Officer of B. Riley & Co., LLC from 1997 to 2006. He also served as Chairman of B. Riley Principal Merger Corp. from April 2019 to February 2020, at which time it completed its business combination with Alta Equipment Group, Inc. (NYSE: ALTG); as Chairman of B. Riley Principal Merger Corp. II from May 20

View Full Filing

View this DEF 14A filing on SEC EDGAR