Riley Amends 13D Filing for B. Riley Financial

TL;DR

Bryant Riley updated his 13D filing for B. Riley Financial. Watch for ownership changes.

AI Summary

Bryant R. Riley filed an amendment to Schedule 13D on August 16, 2024, regarding B. Riley Financial, Inc. The filing indicates a change in beneficial ownership as of August 15, 2024. Bryant R. Riley is listed with a mailing address at C/O B. Riley Financial, Inc. in Woodland Hills, CA.

Why It Matters

This amendment to a Schedule 13D filing signals a potential shift in significant ownership or control of B. Riley Financial, Inc., which could impact the company's stock price and strategic direction.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate significant changes in beneficial ownership, which can lead to increased stock volatility.

Key Players & Entities

• B. Riley Financial, Inc. (company) — Subject Company
• Bryant R. Riley (person) — Filing Person
• August 16, 2024 (date) — Filing Date
• August 15, 2024 (date) — Date of Event

FAQ

Key Financial Figures

• $0.0001 — ame of Issuer) Common Stock, par value $0.0001 par value (Title of Class of Securiti
• $7 — t presently own for a purchase price of $7 per share. As the Chairman of the Board

Filing Documents

• ea0211633-13da1riley_briley.htm (SC 13D/A) — 29KB
• ea021163301ex99-1_briley.htm (EX-99.1) — 9KB
• 0001213900-24-069983.txt ( ) — 39KB

SECURITY AND ISSUER

ITEM 1. SECURITY AND ISSUER

of the Schedule 13D is hereby amended and restated in its

Item 1 of the Schedule 13D is hereby amended and restated in its entirety as follows: This statement on Schedule 13D relates to the common stock, par value $0.0001 per share (the “Common Stock”), of B. Riley Financial, Inc., a Delaware corporation. The principal executive offices of the Issuer are located at 11100 Santa Monica Blvd, Suite 800, Los Angeles, California 90025.

PURPOSE OF THE TRANSACTION

ITEM 4. PURPOSE OF THE TRANSACTION

is amended to add the following

Item 4 is amended to add the following: On August 15, 2024, Bryant R. Riley submitted a letter to the Board of Directors of the Company proposing to acquire all of the shares of common stock of the Company that he does not presently own for a purchase price of $7 per share. As the Chairman of the Board of Directors, Co-Chief Executive Officer and largest shareholder of the Company, Mr. Riley is involved on a daily basis in influencing and considering the strategy and operations of the Company. In those capacities, Mr. Riley is involved in all significant aspects of the Company, including the Company’s business, operations, management, ownership, capital and corporate structure, dividend policy, corporate governance, board composition, incentive programs and transactions as a means of enhancing shareholder value, including share repurchases and strategic and other corporate transactions. In connection with strategic or other corporate transactions, Mr. Riley has in the past engaged and expects to continue to engage in discussions with, and may exchange information with, potential strategic partners, acquirers, investment professionals and potential financing sources, may participate in any such transaction as principal and/or as a provider of financing and may enter into agreements with respect to the foregoing. Mr. Riley has in the past considered and may in the future consider a wide variety of matters and plans or proposals that could result in the occurrence of any of the matters set forth in clauses (a)-(j) of Item 4 of Schedule 13D. As a result of his ownership interest in the Company, Mr. Riley exercises significant influence and control over the Company’s business practices and strategy and all matters requiring action by the Company’s stockholders, including the election of the entire Board of Directors of the Company and the ability as a stockholder to unilaterally approve or reject strategic or other corporate transactions.

INTEREST OF SECURITIES OF THE ISSUER

ITEM 5. INTEREST OF SECURITIES OF THE ISSUER. (a) – (b) As of the date hereof, Bryant R. Riley beneficially owns 6,844,926 shares of Common Stock, representing 22.6% of the Issuer’s Common Stock outstanding. Bryant R. Riley may be deemed to indirectly beneficially own 196,238 shares of Common Stock representing 0.6% of the Issuer’s Common Stock, of which (i) 17,538 are held as sole custodian for the benefit of Abigail Riley, (ii) 17,538 are held as sole custodian for the benefit of Charlie Riley, (iii) 17,537 are held as sole custodian for the benefit of Eloise Riley, (iv) 17,538 are held as sole custodian for the benefit of Susan Riley, and (v) 126,087 are held by B. Riley Financial, Inc. 401(k) Profit Sharing Plan FBO Bryant R. Riley. The shares of Common Stock previously reported as being held by the Robert Antin Children Irrevocable Trust were transferred to a different entity and as such, Bryant R. Riley is no longer deemed to have voting or dispositive power over the shares. (c) None. (d) None. (e) Not applicable.

CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER

ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER The information with respect to the letter to the Board of Directors of the Company in Item 4 is incorporated by reference herein.

MATERIAL TO BE FILED AS EXHIBITS

ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Exhibit No. Description 1* Letter to the Board of Directors by the Reporting Person * Filed herewith. 3

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: August 16, 2024 /s/ Bryant R. Riley Name: Bryant R. Riley 4

View Full Filing

View this SC 13D/A filing on SEC EDGAR