B. Riley Financial, Inc. (NASDAQ:RILY) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
On October 3, 2017, the Compensation Committee of the Board of Directors of B. Riley Financial, Inc. (the “Company”) approved increases effective October2, 2017 to the annual base salaries of Bryant Riley, the Company’s Chairman and Chief Executive Officer, to $600,000 per year, ThomasKelleher, 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.
About B. Riley Financial, Inc. (NASDAQ:RILY)
B. Riley Financial, Inc. provides collaborative financial services and solutions through several subsidiaries, including: B. Riley & Co. LLC, a investment bank which provides corporate finance, research, and sales and trading to corporate, institutional and high net worth individual clients; Great American Group, LLC, a provider of advisory and valuation services, asset disposition and auction solutions, and commercial lending services; B. Riley Capital Management, LLC, an Investment Advisor, which includes B. Riley Asset Management, a provider of investment products to institutional and high net worth investors, and B. Riley Wealth Management (formerly MK Capital Advisors), a multi-family office practice and wealth management firm focused on the needs of ultra-high net worth individuals and families; and Great American Capital Partners, LLC, a provider of senior secured loans and second lien secured loan facilities to middle market public and private United States companies.
