Company: RILYN
Filing Date: 2025-05-22
Form Type: 8-K
Source: 0001213900-25-046915
Chunk: 3

Company: B. Riley Financial, Inc.
Filing Date: 2025-05-22
Form: 8-K
Item: Item 5.02
Chunk 3
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ement grant” within the meaning of Rule 5635(c)(4) of the Nasdaq Listing
Rules.

Upon a termination of employment
without Cause, for death or Disability, or upon Mr. Yessner’s resignation for Good Reason (in each case, as defined in the Employment
Agreement), subject to execution and non-revocation of a release of claims in favor of the Company, Mr. Yessner will receive a cash amount
equal to two times his annual base salary and, if coverage is timely elected, reimbursement of the monthly premium for continued coverage
under the Consolidated Omnibus Budget Reconciliation Act of 1985 for up to 12 months following termination. In addition, any unvested
Tranches of the Option Award will accelerate and vest.

The employment agreement
contains certain covenants by which Mr. Yessner is bound, including covenants not to compete with, or solicit clients of, the Company
during the period of Mr. Yessner’s employment, or solicit employees of the Company during employment and for one year following
termination.

The foregoing description does
not purport to be complete and is qualified in its entirety by reference to the Employment Agreement and the Nonstatutory Stock Option
Agreement copies of which are attached as Exhibit 10.1 and 10.2 respectively, to this Current Report on Form 8-K and incorporated into
this Item 5.02 by reference.

Item 7.01 Regulation
FD Disclosure

On May 19, 2025, the Company
issued a press release announcing that Mr. Yessner had been appointed as Chief Financial Officer of the Company. A copy of the press release
is attached hereto as Exhibit 99.1.

On May 19, 2025, B. Riley Securities, Inc. issued a press release regarding certain financial updates for the quarter ended December 31,
2024. A copy of the press release is attached hereto as Exhibit 99.2.

The information set forth
in this Item 7.01 and Exhibits 99.1 and 99.2 attached hereto are being furnished and shall not be deemed “filed” for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act”), or otherwise subject to
the liabilities of such section. The information in this Item 7.01 and Exhibits 99.1 and 99.2 attached hereto shall