Company: RILYN
Filing Date: 2025-10-22
Form Type: DEF 14A
Source: 0001213900-25-101228
Chunk: 45

Company: B. Riley Financial, Inc.
Filing Date: 2025-10-22
Form: DEF 14A
Chunk 45
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 (the “Commencement Date”). The material terms of the employment agreement for Mr. Yessner are as follows: •An initial term of one year, which term shall automatically renew for additional one year term, unless either party notifies the other of non -renewalat least 90 days prior to the end the then -currentterm. •An annual base salary, subject to review and adjustment on an annual basis, in the amount of $600,000 per year. •A signing bonus equal to a total of one million dollars ($1,000,000), one quarter of which shall be paid within ten (10) days following each of (i) the date on which the Company files its Annual Report on Form 10 -Kfor the year ending December31, 2024 with the Securities & Exchange Commission (the “SEC”), (ii) the date on which the Company files its Quarterly Report on Form 10 -Qfor the quarter ending June30, 2025 with the SEC, (iii) the date on which the Company timely files its Quarterly Report on Form 10 -Qfor the quarter ending September30, 2025, and (iv) the date on which the Company timely files its Annual Report on Form 10 -Kfor the year ending December31, 2025. The Executive shall also be paid additional bonuses each equal to one hundred thousand dollars ($100,000) (x) within ten days following the date on which the Company timely files its Quarterly Report on Form 10 -Qfor the quarter ending June30, 2025, and (y) upon the Company realizing an aggregate expense reduction of at least $7,500,000 by no later than December31, 2025. Such bonus payments will be paid in cash by the Company in full, less applicable tax and other authorized withholdings. •Eligibility to earn a discretionary annual performance bonus based upon his performance and/or the Company’s performance in an amount determined by the Company in its sole discretion; provided however, that the target Annual Bonus shall be one million dollars ($1,000,000) and not less than six hundred thousand dollars ($600,000) nor more than one million two hundred thousand dollars ($1,200,000). Any such annual performance bonus will be paid in cash by the Company in full, less applicable tax and other authorized withholdings, by no later than March 15 thof the calendar year following the calendar year in which the services were rendered, subject to continued