{"url_path":"/sec/rily/8-k/2026-07-02/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-02","source_url":"https://www.sec.gov/Archives/edgar/data/1464790/0001213900-26-075019-index.html","accession_number":"0001213900-26-075019","cik":"0001464790","ticker":"RILY","issuer_name":"BRC Group Holdings, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1464790/0001213900-26-075019-index.html","primary_entity_key":"0001464790","primary_entity_name":"BRC Group Holdings, Inc."},"word_count":253,"has_tables":true,"body_markdown":"**Item 5.02.\nDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain\nOfficers.**\n\n** **\n\nOn June 29, 2026, the\nCompensation Committee (“Committee”) of the Board of Directors of BRC Group Holdings, Inc. (the “Company”)\napproved a waiver to Section 3.2 of the Amended and Restated Employment Agreement between Bryant Riley (the “Executive”)\nand the Company, dated as of November 8, 2025 (the “Employment Agreement”). Pursuant to the terms of the Employment\nAgreement, commencing with fiscal year 2026, twenty percent (20%) of any compensation payments earned by the Executive are\ndeposited into a holdback account (the “Holdback Account”). Amounts in the Holdback Account are scheduled for release in\nthe first quarter of fiscal 2027 in the sole discretion and at the direction of the Committee. Due to exemplary performance and\nresults on behalf of the Company and its subsidiaries for the first half of fiscal year 2026, the Committee approved a waiver\nproviding for the release of amounts in the Holdback Account attributable to the first quarter and the second quarter of 2026. Other\nthan this limited waiver, the Employment Agreement and the Holdback Account remain in full force and effect in accordance with its\nterms. \n\n \n\n1\n\n \n\n \n\n**SIGNATURES**\n\n \n\nPursuant to the requirements of the Securities\nExchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.\n\n \n\n \nBRC Group Holdings, Inc.\n\n \n \n \n\n \nBy:\n/s/ Scott\nYessner\n\n \nName: \nScott Yessner\n\n \nTitle:\nEVP & CFO\n\n \n\nDate: July 2, 2026\n\n \n\n2"}