RILY 8-K
BRC Group Holdings, Inc. (RILY)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 29, 2026, the Compensation Committee (“Committee”) of the Board of Directors of BRC Group Holdings, Inc. (the “Company”) approved a waiver to Section 3.2 of the Amended and Restated Employment Agreement between Bryant Riley (the “Executive”) and the Company, dated as of November 8, 2025 (the “Employment Agreement”). Pursuant to the terms of the Employment Agreement, commencing with fiscal year 2026, twenty percent (20%) of any compensation payments earned by the Executive are deposited into a holdback account (the “Holdback Account”). Amounts in the Holdback Account are scheduled for release in the first quarter of fiscal 2027 in the sole discretion and at the direction of the Committee. Due to exemplary performance and results on behalf of the Company and its subsidiaries for the first half of fiscal year 2026, the Committee approved a waiver providing for the release of amounts in the Holdback Account attributable to the first quarter and the second quarter of 2026. Other than this limited waiver, the Employment Agreement and the Holdback Account remain in full force and effect in accordance with its terms.
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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.
| BRC Group Holdings, Inc. | ||
| By: | /s/ Scott Yessner | |
| Name: | Scott Yessner | |
| Title: | EVP & CFO | |
Date: July 2, 2026
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