Company: RILYN
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001464790-25-000011
Chunk: 11

Company: B. Riley Financial, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 10
Chunk 11
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 provide visibility to the Board about the identification, assessment, and management of critical risks and management’s risk mitigation strategies. These areas of focus include strategic, operational, cybersecurity, financial and reporting, succession and compensation, and other risks. The Board and its committees oversee risks associated with their respective areas of responsibility, as summarized below. Each committee meets in executive session with key management personnel and representatives of outside advisors as required.

Board/CommitteePrimary Areas of Risk OversightFull BoardRisks and exposures associated with our business strategy and other current matters that may present material risk to our financial performance, operations, prospects, or reputation.Audit CommitteeOverall risk management profile and policies with respect to risk assessment and risk management, cybersecurity, material pending legal proceedings involving the Company, other contingent liabilities, as well as other risks and exposures that may have a material impact on our financial statements.Compensation CommitteeRisks and exposures associated with management succession planning and executive compensation programs and arrangements, including incentive plans.ESG CommitteeRisks and exposures associated with director succession planning, corporate governance, and overall board effectiveness.

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Table of Contents

COMPENSATION DISCUSSION AND ANALYSIS

The following compensation discussion and analysis provides information regarding our overall compensation philosophy and objectives and the elements of compensation paid to our named executive officers in 2024.

Our named executive officers for 2024, determined in accordance with SEC rules, are:

•Bryant R. Riley, Chairman and Co-Chief Executive Officer

•Thomas J. Kelleher, Co-Chief Executive Officer

•Phillip J. Ahn, Chief Financial Officer and Chief Operating Officer(1)

•Kenneth Young, President(2)

•Andrew Moore, Chief Executive Officer of B. Riley Securities, Inc.(3)

•Alan N. Forman, Executive Vice President, General Counsel and Secretary

(1) Mr. Ahn resigned effective as of June 3, 2025. On June 3, 2025, Mr. Scott Yessner joined the Company as Executive Vice President and Chief Financial Officer.

(2) Mr. Young resigned effective as of September 20, 2024.

(3) Mr. Moore was not re-appointed as an executive officer of the Company, but continues to serve as the Co-Chief Executive Officer of B. Riley Securities, Inc. effective as of September 18, 2025.

Executive Summary

2024 Compensation Philosophy

Our executive compensation program is designed (i) to provide incentives to our executive officers to manage and grow our