SEC Comment Letter 0000000000-24-006411 to BRC Group Holdings, Inc. (RILY)
BRC Group Holdings, Inc.
Date: June 4, 2024 · CIK: 0001464790 · Accession: 0000000000-24-006411
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-37503
Letter
United States securities and exchange commission logo June 4, 2024 Phillip J. Ahn Chief Financial Officer B. Riley Financial, Inc. 11100 Santa Monica Blvd., Suite 800 Los Angeles, CA 90025 Re:B. Riley Financial, Inc. Form 8-K Filed April 8, 2024 File No. 001-37503 Dear Phillip J. Ahn: We have reviewed your filing and have the following comments. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 8-K Item 1.05 Material Cybersecurity Incidents 1.We note the statement that you experienced a cybersecurity incident in your Form 8-K filed on April 8, 2024. Please advise us as to why you determined to file under Item 1.05 of Form 8-K given your statement that you do not currently believe that the incident will materially impact your financial condition or results of operations taken as a whole. 2.If the cybersecurity incident was reasonably likely to have a material impact on your operations, including qualitative or quantitative impacts, please amend your Form 8-K to describe the material impacts or likely material impacts. For example, consider customer/partner relationships and potential reputational harm related to the outage of your system, not just the impact to your financial condition or results of operations. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
FirstName LastNamePhillip J. Ahn Comapany NameB. Riley Financial, Inc. June 4, 2024 Page 2 FirstName LastName Phillip J. Ahn B. Riley Financial, Inc. June 4, 2024 Page 2 Please contact Doris Stacey Gama at 202-551-3188 or Suzanne Hayes at 202-551-3675 with any other questions. Sincerely, Division of Corporation Finance Office of Life Sciences
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United States securities and exchange commission logo
June 4, 2024
Phillip J. Ahn
Chief Financial Officer
B. Riley Financial, Inc.
11100 Santa Monica Blvd., Suite 800
Los Angeles, CA 90025
Re:B. Riley Financial, Inc.
Form 8-K
Filed April 8, 2024
File No. 001-37503
Dear Phillip J. Ahn:
We have reviewed your filing and have the following comments.
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Form 8-K
Item 1.05 Material Cybersecurity Incidents
1.We note the statement that you experienced a cybersecurity incident in your Form 8-K
filed on April 8, 2024. Please advise us as to why you determined to file under Item 1.05
of Form 8-K given your statement that you do not currently believe that the incident will
materially impact your financial condition or results of operations taken as a whole.
2.If the cybersecurity incident was reasonably likely to have a material impact on your
operations, including qualitative or quantitative impacts, please amend your Form 8-K to
describe the material impacts or likely material impacts. For example, consider
customer/partner relationships and potential reputational harm related to the outage of
your system, not just the impact to your financial condition or results of operations.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
FirstName LastNamePhillip J. Ahn
Comapany NameB. Riley Financial, Inc.
June 4, 2024 Page 2
FirstName LastName
Phillip J. Ahn
B. Riley Financial, Inc.
June 4, 2024
Page 2
Please contact Doris Stacey Gama at 202-551-3188 or Suzanne Hayes at 202-551-3675
with any other questions.
Sincerely,
Division of Corporation Finance
Office of Life Sciences