Current Report Filing (8-k)
October 06 2017 - 3:29PM
Edgar (US Regulatory)
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): October 3, 2017
B.
Riley Financial, Inc.
(Exact
name of Registrant as specified in its charter)
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Delaware
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001-37503
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27-0223495
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(State
or Other Jurisdiction
of
Incorporation or Organization)
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(Commission
File
Number)
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(I.R.S.
Employer
Identification
No.)
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21255
Burbank Boulevard, Suite 400
Woodland
Hills, California
(Address
of principal executive offices)
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91367
(Zip
code)
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Registrant’s
telephone number, including area code: (818) 884-3737
(Former
name or former address, if changed from last report)
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:
☐
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate
by check mark whether the registrant is an emerging growth company as defined in 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. ☐
Item
5.02.
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
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On
October 3, 2017, the Compensation Committee of the Board of Directors of B. Riley Financial, Inc. (the “Company”)
approved increases effective October 2, 2017 to the annual base salaries of Bryant Riley, the Company’s Chairman and
Chief Executive Officer, to $600,000 per year, Thomas Kelleher, the Company’s President, to $500,000 per year, Andrew
Gumaer, the Chief Executive Officer of the Company’s wholly owned subsidiary Great American Group, LLC, to $500,000 per
year and Phillip Ahn, the Company’s Chief Financial Officer and Chief Operating Officer, to $400,000 per year.
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.
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B.
RILEY FINANCIAL, INC.
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Date: October 6,
2017
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By:
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/s/
Phillip J. Ahn
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Name:
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Phillip J. Ahn
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Title:
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Chief Financial
Officer & Chief Operating Officer
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