STOCK TITAN

Black Rifle Coffee (BRCC) regains NYSE compliance after shareholders OK reverse split

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

BRC Inc. (Black Rifle Coffee Company) reported results of its 2026 annual stockholder meeting and confirmed it has regained NYSE listing compliance. Stockholders elected three Class I directors—Kathryn Dickson, Chris Mondzelewski, and Lawrence “Chip” Molloy—to serve until the 2029 annual meeting and ratified Ernst & Young LLP as independent auditor for the year ending December 31, 2026.

Investors also approved a reverse stock split authorization for Class A common stock, allowing the board to implement a split between 1-for-10 and 1-for-50, with discretion to abandon it. Separately, the NYSE notified the company that it regained compliance with the minimum $1.00 share price requirement as of May 29, 2026, based on both the closing price and the 30 trading-day average. As a result, the company remains listed on the NYSE, and it achieved compliance through recent stock performance rather than executing the approved reverse split.

Positive

  • Regained NYSE minimum price compliance: The NYSE confirmed that, as of May 29, 2026, Black Rifle Coffee met the $1.00 minimum share-price standard over the required 30 trading days, removing an immediate delisting risk while keeping its Class A common stock listed.

Negative

  • None.

Insights

Black Rifle regained NYSE price compliance and secured flexibility with an approved reverse split.

The annual meeting results show routine governance outcomes: all three Class I directors were elected and Ernst & Young LLP was ratified as auditor for the 2026 fiscal year. Shareholders also authorized a potential reverse stock split of Class A shares at a 1-for-10 to 1-for-50 ratio, giving the board a tool to manage share price if needed.

The more consequential update is NYSE confirmation that the company is back in compliance with the minimum $1.00 share price standard under Section 802.01C. This removes an immediate delisting risk and allows Class A common stock to continue trading on the NYSE. Notably, the company met the requirement through stock performance without implementing the reverse split approved on May 28, 2026, which the board can still use later if conditions change.

Item 5.07 Submission of Matters to a Vote of Security Holders Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Shares entitled to vote 249,125,057 shares Class A and Class B common stock entitled to vote at 2026 annual meeting
Quorum represented 145,942,807 shares Shares represented virtually or by proxy at 2026 annual meeting
Auditor ratification votes For 144,256,280 votes Ratification of Ernst & Young LLP for year ending December 31, 2026
Reverse split approval For 78,970,591 votes Class A holders approving 1-for-10 to 1-for-50 reverse split authority
NYSE minimum price threshold $1.00 per share Required minimum average closing price under Section 802.01C
Compliance measurement window 30 trading days Average closing price period ending May 29, 2026
reverse stock split financial
"to effect a reverse stock split of the Company’s Class A common stock, $0.0001 par value per share, at a ratio ranging from any whole number between 1-for-10 and 1-for-50"
A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.
independent registered public accounting firm financial
"ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
NYSE continued listing standard regulatory
"received written notification from the New York Stock Exchange confirming that the Company has regained compliance with the NYSE continued listing standard for minimum share price"
Section 802.01C regulatory
"not in compliance with Section 802.01C because the average closing price of the Company’s Class A common stock was less than $1.00 per share"
forward-looking statements regulatory
"This press release contains forward-looking statements about the Company that involve substantial risks and uncertainties"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
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FALSE000189110100018911012026-06-022026-06-02

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 28, 2026
BRC Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware 001-41275 87-3277812
(State or Other Jurisdiction of
 Incorporation)
 (Commission
File Number)
 (IRS Employer
 Identification No.)
3131 W. 2210 S., Suite C
West Valley City, UT 84119
(Address of principal executive offices, including Zip Code)
(801) 874-1189
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c))
Securities registered pursuant to Section 12(b) of the Act:

Title of each class
Trading
 Symbols
Name of each exchange
 on which registered
Class A Common Stock, $0.0001 par valueBRCCNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
1





Item 5.07
Submission of Matters to a Vote of Security Holders.

On May 28, 2026, BRC Inc. (the “Company”) held its 2026 Annual Meeting of Stockholders (the “Annual Meeting”). Of the 249,125,057 shares of the Company’s Class A and Class B common stock entitled to vote at the Annual Meeting, a quorum of 145,942,807 shares was represented virtually or by proxy. The matters voted upon at the Annual Meeting and the results of such voting are set forth below.

Proposal 1. Election of Directors

The stockholders elected the Class I nominees, Kathryn Dickson, Chris Mondzelewski and Lawrence “Chip” Molloy, to serve as directors until the Company’s Annual Meeting of Stockholders in 2029. The voting results were as follows:
Nominee
For
Against
Abstain
Broker Non-Votes
Kathryn Dickson
94,466,522
22,597,403
173,993
28,704,889
Chris Mondzelewski
113,820,509
3,175,198
242,211
28,704,889
Lawrence “Chip” Molloy
94,241,003
22,752,582
244,333
28,704,889

Proposal 2. Ratification of the Appointment of the Independent Registered Public Accountants

The stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026. The voting results were as follows:
For
Against
Abstain
Broker Non-Votes
144,256,280
1,491,239
195,288
0

Proposal 3. Approval of Reverse Stock Split

The stockholders approved amendments to the Company’s Amended and Restated Certificate of Incorporation to effect a reverse stock split of the Company’s Class A common stock, $0.0001 par value per share, at a ratio ranging from any whole number between 1-for-10 and 1-for-50, as determined by the Board in its discretion, subject to the Board’s authority to abandon such amendments. The voting results were as follows:
For*
Against*
Abstain*
Broker Non-Votes
78,970,591
7,235,842
191,103
0
*Only holders of the Company’s Class A common stock were entitled to vote on Proposal No. 3.

Proposal 4. Approval of adjournment of the Annual Meeting

The stockholders approved the adjournment of the Annual Meeting, if necessary, to solicit additional proxies if there are not sufficient votes at the time of the Annual Meeting to approve Proposal No. 3. The voting results were as follows:
For
Against
Abstain
Broker Non-Votes
139,678,169
6,148,870
115,768
0


Item 7.01.     Regulation FD Disclosure.

On June 2, 2026 the Company issued a press release, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference to this Item 7.01.

The information in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and is not to be incorporated by reference into any filing by Company under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language contained in such filing, unless otherwise expressly stated in such filing.

2


Cautionary Statement Regarding Forward-Looking Statements

This Current Report on Form 8-K contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act. Forward-looking statements generally relate to future events or the Company’s future financial or operating performance. In particular, statements regarding the Company’s plans, intentions, expectations, or objectives with respect to its ability to continue to build long-term shareholder value and the Company’s ability to continue to comply with all applicable listing standards of the NYSE, are forward-looking in nature and subject to risks and uncertainties. The events and circumstances reflected in the Company’s forward-looking statements may not be achieved or occur and actual results could differ materially from those projected in the forward-looking statements. These risks and uncertainties include, but are not limited to: the Company’s ability to continue to comply with the NYSE listing standards and to maintain the listing of the Company’s Class A common stock, and other risks and uncertainties indicated in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 filed with the Securities and Exchange Commission (the “SEC”) on March 2, 2026 including those set forth under “Item 1A. Risk Factors” included therein, as well as in our other filings with the SEC. Such forward-looking statements are based on information available as of the date of this Current Report on Form 8-K and the Company’s current beliefs and expectations concerning future developments and their effects on the Company and speak only as of the date of this Current Report on Form 8-K. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.


Item 9.01.    Financial Statements and Exhibits.
(d) Exhibits
ExhibitsDescription
99.1
Press Release issued by BRC Inc. on June 2, 2026.
104 Cover Page Interactive Data File (embedded with the Inline XBRL document).


3


SIGNATURE

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.

Dated: June 2, 2026

BRC INC.
 
By:/s/ Andrew McCormick
Name:Andrew McCormick
Title:General Counsel and Corporate Secretary


4
EXHIBIT 99.1
Black Rifle Coffee Company Regains Compliance with NYSE Minimum Share Price Requirement

SALT LAKE CITY, Utah, June 2, 2026 — Black Rifle Coffee Company (NYSE: BRCC) (the “Company”), a Veteran-founded, mission-driven premium coffee company, today announced that it has received written notification from the New York Stock Exchange (“NYSE”) confirming that the Company has regained compliance with the NYSE continued listing standard for minimum share price set forth in Section 802.01C of the NYSE Listed Company Manual.

As previously disclosed, on February 11, 2026, the Company received notice from the NYSE that it was not in compliance with Section 802.01C because the average closing price of the Company’s Class A common stock was less than $1.00 per share over the consecutive 30 trading-day period ended on February 11, 2026.

On June 1, 2026, the NYSE notified the Company that, as of May 29, 2026, the Company had regained compliance with the minimum share price requirement because the Company’s Class A common stock had a closing share price of at least $1.00 on May 29, 2026, the last trading day of the month, and maintained an average closing share price of at least $1.00 over the 30 trading-day period ended May 29, 2026. Accordingly, the Company is no longer considered to be below the minimum share price listing standard.

The Company regained compliance within the prescribed time through recent stock performance and without effecting a reverse stock split, which had been approved by its stockholders on May 28, 2026. The Company remains focused on disciplined execution, profitable growth, operating efficiency, and continuing to build long-term shareholder value.

The Company’s Class A common stock will continue to be listed and traded on the NYSE, subject to its continued compliance with all applicable NYSE listing standards.

About Black Rifle Coffee Company

Black Rifle Coffee Company (BRCC) is a Veteran-founded premium coffee company and lifestyle brand serving beverages to people who love America. Founded in 2014 by Green Beret Evan Hafer, Black Rifle develops its explosive coffee roast profiles with the same mission focus learned while serving in the military. BRCC is committed to supporting Veterans, active-duty military, first responders, and the American way of life.

To learn more, visit www.blackriflecoffee.com, subscribe to the BRCC newsletter, or follow along on social media.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements about the Company that involve substantial risks and uncertainties. All statements other than statements of historical fact contained in this press release, including statements regarding the Company’s ability to



continue to build long-term shareholder value and the Company’s ability to continue to comply with all applicable listing standards of the NYSE, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “continue,” “can,” “intend,” “may,” “plan,” “possible,” “potential,” “predict,” “should,” “will,” “would” and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. The events and circumstances reflected in the Company’s forward-looking statements may not be achieved or occur and actual results could differ materially from those projected in the forward-looking statements. Factors that may cause such forward-looking statements to differ from actual results include, but are not limited to: the Company’s ability to continue to comply with the NYSE listing standards and to maintain the listing of the Company’s Class A common stock, and other risks and uncertainties indicated in our Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission (the “SEC”) on March 2, 2026 including those set forth under “Item 1A. Risk Factors” included therein, as well as in our other filings with the SEC. Such forward-looking statements are based on information available as of the date of this press release and the Company’s current beliefs and expectations concerning future developments and their effects on the Company and speak only as of the date of this press release. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Contact Information

For inquiries regarding Black Rifle Coffee Company, please contact:

Investors: IR@blackriflecoffee.com

Press: press@blackriflecoffee.com


FAQ

What did BRC Inc. (BRCC) shareholders approve at the 2026 annual meeting?

Shareholders elected three Class I directors through 2029, ratified Ernst & Young LLP as auditor for 2026, approved a potential reverse stock split between 1-for-10 and 1-for-50, and authorized adjournment if more proxies were needed for the split proposal.

Did BRC Inc. (BRCC) regain compliance with NYSE listing standards?

Yes. The NYSE notified Black Rifle Coffee that, as of May 29, 2026, its Class A stock closed at or above $1.00 and averaged at least $1.00 over 30 trading days, bringing it back into compliance with the NYSE minimum share price standard.

Why had BRC Inc. (BRCC) been out of NYSE compliance earlier in 2026?

On February 11, 2026, the NYSE told Black Rifle Coffee it was non-compliant with Section 802.01C because the average closing price of Class A common stock was under $1.00 per share over the preceding 30 trading-day period ending February 11, 2026.

What reverse stock split did BRC Inc. (BRCC) shareholders authorize?

Shareholders approved amendments allowing a reverse stock split of Class A common stock at any whole-number ratio between 1-for-10 and 1-for-50, with the board deciding the exact ratio and retaining authority to abandon the split if it chooses.

Did BRC Inc. (BRCC) use a reverse stock split to regain NYSE compliance?

No. The company states it regained compliance within the prescribed time through recent stock performance, without actually executing the reverse stock split that shareholders had approved on May 28, 2026 as a potential tool.

Will BRC Inc. (BRCC) remain listed on the NYSE after regaining compliance?

Yes. Following NYSE confirmation that it met the minimum share price requirement, Black Rifle Coffee’s Class A common stock will continue to be listed and traded on the NYSE, subject to ongoing compliance with all applicable listing standards.

Filing Exhibits & Attachments

4 documents