Every 8-K that BRC Group Holdings, Inc. 5.50% Senior Notes Due 2026 (RILYK) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow RILYK and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RILYK filings page.
BRC Group Holdings, Inc. reported unregistered exchanges of senior notes for common stock under Section 3(a)(9) of the Securities Act. On May 14, 2026, it agreed to issue 1,129,918 shares of common stock to DBA Trading, LLC in exchange for several series of its Senior Notes.
On June 4, 2026, the company issued an additional 930,765 shares of common stock to the same institutional accredited investor in a similar exchange for various Senior Notes. In total, 780,070 units of exchanged Senior Notes were cancelled, and the company received no cash proceeds. As of June 4, 2026, common shares outstanding were 40,194,696.
BRC Group Holdings, Inc. reported the final results of stockholder voting from its 2026 annual meeting held on May 19, 2026. Seven director nominees, including Bryant R. Riley and Thomas J. Kelleher, each received over 11.4 million votes in favor, with significantly fewer votes against.
Stockholders also voted on two additional proposals, with one receiving about 21.7 million votes for and another receiving about 10.7 million votes for, alongside reported abstentions and broker non-votes. The company also listed its common stock, preferred share depositary shares, and several series of senior notes as securities registered on the Nasdaq Global Market.
BRC Group Holdings, Inc. reported a sharp turnaround in first quarter 2026, with net income available to common shareholders of $211.3 million and total revenues of $352.1 million, compared with a loss and $186.1 million of revenues a year earlier. Basic EPS rose to $6.62 from $(0.39), reflecting strong trading gains and lower operating expenses.
Adjusted EBITDA reached $262.2 million and Operating Adjusted EBITDA was $34.6 million, both improving from losses in 2025. The company reduced total debt to $1.30 billion and Net Debt to $372.4 million, while securities and other investments owned increased to $639.7 million.
Capital Markets segment revenues jumped to $172.1 million with segment income of $137.2 million, and Wealth Management generated $52.2 million of revenue and $16.0 million of income, with $11.9 billion of client assets under management. BRC plans to repurchase minority shares of B. Riley Securities and merge it with B. Riley Wealth, targeting completion by year-end.
BRC Group Holdings, Inc. announced that director Robert D’Agostino has decided not to stand for re-election at the company’s 2026 annual meeting of stockholders. He informed the company of his decision on April 2, 2026 and will continue serving on the Board and his current committees until his term ends on the date of the annual meeting.
The company states that Mr. D’Agostino’s decision was not due to any disagreement with the company or its management regarding operations, policies, or practices, indicating a planned and non-contentious transition in board composition.
BRC Group Holdings, Inc. reported a sharp turnaround in 2025 results. Net income available to common shareholders rose to $84.8 million in Q4 2025 and $299.4 million for full year 2025, compared with $0.9 million and a $(772.3) million loss in 2024. Total revenues reached $278.4 million in Q4 and $967.6 million for the year, both higher than 2024, helped mainly by investment gains.
Adjusted EBITDA improved to $104.2 million in Q4 and $231.1 million for 2025, versus large negative amounts in 2024, while Operating Adjusted EBITDA grew to $112.1 million for the year. Debt reduction was significant: total debt fell to $1.43 billion and Net Debt to $627.0 million at December 31, 2025, down from $1.77 billion and $1.06 billion a year earlier.
BRC Group Holdings, Inc. detailed a series of bond-for-equity exchanges and note repurchases that will reduce outstanding debt by approximately $37.9 million. The company agreed to issue an aggregate of 4,201,300 shares of common stock in exchange for 1,343,551 units of senior notes across multiple series and repurchased 171,703 units of 5.0% senior notes due 2026 for about $4.0 million in cash.
As of March 10, 2026, common stock outstanding was 34,361,979 shares, and is expected to be 34,798,366 shares after the March 12 exchange closes. Separately, the company plans to redeem approximately $96 million of 5.50% Senior Notes due 2026 on March 30, 2026, and expects to file its 2025 Form 10-K by the extended March 31, 2026 deadline after submitting a Form 12b‑25. The compensation committee also approved a $700,000 2025 bonus for CFO Scott Yessner, bringing his 2025 total compensation to $2,522,293.
BRC Group Holdings, Inc. filed an 8-K to provide recast 2024 financial information, mainly to show its Financial Consulting segment (GlassRatner and Farber) as discontinued operations in support of a Form S-1. For 2024, the company reported a net loss available to common shareholders of about $772 million, a sharp deterioration from roughly $108 million in 2023, driven by large non-cash hits.
Key pressures included fair value adjustments on loans of $325.5 million, heavy realized and unrealized investment losses of $263.7 million, and $105.4 million of goodwill and intangible impairments, largely tied to Consumer Products and E‑Commerce. Securities and other investments declined from $809.0 million to $282.3 million, and loans receivable fell from $532.4 million to $90.1 million, reflecting markdowns and repayments, particularly related to Freedom, Vintage Capital, Conn’s and other credits.
Despite the loss, BRC emphasized a shift toward balance sheet repair. Total indebtedness decreased from $2.4 billion at year-end 2023 to $1.8 billion at year-end 2024 as the company used proceeds from major asset sales, including brand assets, Great American Group and later Atlantic Coast Recycling and GlassRatner/Farber, along with a partial wealth-management sale. Subsequent to year-end, BRC put Nogin into an assignment for the benefit of creditors, entered a new secured credit facility with Oaktree, redeemed its 6.375% 2025 notes, exchanged portions of multiple senior notes into new 8.00% second-lien notes due 2028, and suspended dividends on its Series A and B preferred stock. At December 31, 2024, BRC reported $146.9 million of unrestricted cash, $100.5 million of restricted cash, and reiterated that debt reduction via additional monetizations is expected to remain a priority.
BRC Group Holdings, Inc. reported that on January 27, 2026 it received a letter from Nasdaq confirming the company has regained compliance with Nasdaq’s Periodic Filing Rule 5250(c)(1), restoring its status with Nasdaq’s listing requirements.
Nasdaq also imposed a one-year “Mandatory Panel Monitor” under Listing Rule 5815(d)(4)(B). During this period, if BRC Group fails to timely meet the Periodic Filing Rule, it would receive a Delist Determination Letter without the chance to first submit a compliance plan, but could request a hearing and stay of delisting. The company announced the compliance news in a January 28, 2026 press release furnished as an exhibit.
BRC Group Holdings, Inc. filed an 8-K to furnish a press release with unaudited preliminary estimated financial information for the three-month and twelve-month periods ended December 31, 2025. The press release is included as Exhibit 99.1 and is treated as furnished, not filed, under securities laws.
BRC Group Holdings, Inc. disclosed two key changes affecting its capital structure and executive compensation. The company and its subsidiary BR Financial Holdings, LLC entered into Amendment No. 4 to their Credit Agreement with lenders and Oaktree Fund Administration, LLC as administrative and collateral agent. The amendment adds a new exception to the limitation on investments, allowing the company to repurchase unsecured notes in an aggregate outstanding amount of up to $25 million on or prior to June 30, 2026. This gives BRC Group more flexibility to manage its outstanding debt securities.
The company also amended the Amended and Restated Employment Agreement with its Executive Vice President and General Counsel, Alan N. Forman. In connection with its repositioning as a holding company and related corporate structuring efforts, the amendment reduces the executive’s severance amount to two thirds of his base salary, lowering potential future severance obligations.