Siebert Financial Corp. Files 8-K for Material Agreement
Ticker: SIEB · Form: 8-K · Filed: Oct 31, 2025 · CIK: 65596
| Field | Detail |
|---|---|
| Company | Siebert Financial Corp (SIEB) |
| Form Type | 8-K |
| Filed Date | Oct 31, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $3.7 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, 8-K
TL;DR
Siebert Financial Corp. just signed a big deal, filing an 8-K with the SEC.
AI Summary
Siebert Financial Corp. entered into a material definitive agreement on October 28, 2025. The filing also includes financial statements and exhibits related to this agreement. The company, previously known as Michaels J Inc., is incorporated in New York and has its principal executive offices in Miami Beach, Florida.
Why It Matters
This 8-K filing indicates a significant new agreement for Siebert Financial Corp., which could impact its business operations and financial performance.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that are not yet fully understood.
Key Numbers
- 0-5703 — Commission File Number (SEC file number for Siebert Financial Corp.)
- 11-1796714 — IRS Employer Identification Number (EIN for Siebert Financial Corp.)
Key Players & Entities
- Siebert Financial Corp. (company) — Registrant
- Michaels J Inc. (company) — Former company name
- October 28, 2025 (date) — Date of earliest event reported
- New York (jurisdiction) — State of incorporation
- Miami Beach, FL (location) — Address of principal executive offices
FAQ
What is the nature of the material definitive agreement entered into by Siebert Financial Corp.?
The filing does not specify the details of the material definitive agreement, only that one was entered into on October 28, 2025.
When was the earliest event reported in this 8-K filing?
The earliest event reported is dated October 28, 2025.
What was Siebert Financial Corp.'s former company name?
Siebert Financial Corp.'s former company name was Michaels J Inc.
In which state is Siebert Financial Corp. incorporated?
Siebert Financial Corp. is incorporated in New York.
What is the address of Siebert Financial Corp.'s principal executive offices?
The address of Siebert Financial Corp.'s principal executive offices is 653 Collins Avenue, Miami Beach, FL 33139.
Filing Stats: 660 words · 3 min read · ~2 pages · Grade level 13.5 · Accepted 2025-10-31 17:00:25
Key Financial Figures
- $0.01 — ge on which registered Common Stock - $0.01 par value SIEB The Nasdaq Capital M
- $3.7 million — mpany. The aggregate purchase price was $3.7 million. Following the consummation of the tran
Filing Documents
- ea0263318-8k_siebert.htm (8-K) — 27KB
- ea0263318ex10-51_siebert.htm (EX-10.51) — 42KB
- 0001213900-25-104746.txt ( ) — 239KB
- sieb-20251028.xsd (EX-101.SCH) — 3KB
- sieb-20251028_lab.xml (EX-101.LAB) — 33KB
- sieb-20251028_pre.xml (EX-101.PRE) — 22KB
- ea0263318-8k_siebert_htm.xml (XML) — 3KB
01 Entry into a Material Definitive
Item 1.01 Entry into a Material Definitive Agreement On October 28, 2025, Siebert Financial Corp. (the "Company") entered into Membership Interest Purchase Agreements with certain employees, directors and affiliates of the Company and RISE Financial Services, LLC ("RISE"), a subsidiary of the Company, pursuant to which the Company purchased the remaining 32% of the limited liability membership interests in RISE that the Company did not previously own, including 24% that were owned by Gloria E. Gebbia, a director of the Company. The aggregate purchase price was $3.7 million. Following the consummation of the transactions, RISE is a wholly-owned subsidiary of the Company. The purpose of this transaction is to effect a capital restructuring of RISE within the Company's consolidated group and to support potential strategic opportunities at RISE. The purchase price was the carrying value of each membership interest acquired and, therefore, represented a return of capital to the selling holders. The purchase price was the same for employees and non-employee holders; continued employment was not a condition to receive proceeds and there were no side agreements, liquidity support or other non-equity consideration expected. RISE has been largely inactive since its acquisition; however, the Company believes that its 100% ownership of RISE benefits the Company's shareholders as the Company positions itself to evaluate and pursue future opportunities at RISE. The foregoing description of the Membership Interest Purchase Agreements does not purport to be complete and is subject, and qualified by reference, to the full text of the Form of Membership Interest Purchase Agreement, a copy of which is filed as Exhibit 10.51 to this Current Report on Form 8-K and is incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 10.51 Form of Membership Interest Purchase Agreement 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 thereunto duly authorized. Dated: October 31, 2025 SIEBERT FINANCIAL CORP. By /s/ Andrew H. Reich Andrew H. Reich Executive Vice President, Chief Operating Officer, Chief Financial Officer, and Secretary (Principal financial and accounting officer) 2