UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
April 13, 2020
B. RILEY FINANCIAL, INC.
(Exact name of registrant as specified in its
charter)
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Delaware
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001-37503
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27-0223495
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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21255 Burbank Boulevard, Suite 400
Woodland Hills, California 91367
818-884-3737
(Address, Including Zip Code, and Telephone
Number, Including Area Code, of Registrant’s Principal Executive Offices)
Securities registered pursuant to Section
12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock, par value $0.0001 per share
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RILY
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Nasdaq Global Market
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Depositary Shares (each representing a 1/1000th interest in a 6.875% Series A Cumulative Perpetual Preferred Share, par value $0.0001 per share)
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RILYP
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Nasdaq Global Market
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7.25% Senior Notes due 2027
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RILYG
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Nasdaq Global Market
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7.50% Senior Notes due 2027
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RILYZ
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Nasdaq Global Market
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7.375% Senior Notes due 2023
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RILYH
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Nasdaq Global Market
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6.875% Senior Notes due 2023
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RILYI
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Nasdaq Global Market
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6.75% Senior Notes due 2024
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RILYO
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Nasdaq Global Market
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6.50% Senior Notes due 2026
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RILYN
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Nasdaq Global Market
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6.375% Senior Notes due 2025
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RILYM
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Nasdaq Global Market
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Not Applicable
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form
8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by
check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 Regulation FD Disclosure.
On April 13, 2020, B. Riley Financial, Inc.
(the “Company”) issued a press release announcing its Board of Directors has approved a quarterly cash dividend
for the Company’s 6.875% Series A Cumulative Perpetual Preferred Stock (“Series A Preferred Stock”).
The cash dividend equals $0.42968750 per depositary
share, each representing 1/1000th of a share of the Company’s Series A Preferred Stock with a liquidation preference equivalent
to $25.00 per depositary share. The Series A Preferred Stock dividend will be payable on or about April 30, 2020 to holders of
record as of the close of business on April 23, 2020. The depositary shares trade on NASDAQ under the symbol “RILYP.”
A copy of the press release is attached hereto
as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
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April 13, 2020
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B. RILEY FINANCIAL, INC.
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By:
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/s/ Phillip J. Ahn
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Name:
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Phillip J. Ahn
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Title:
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Chief Financial Officer and
Chief Operating Officer
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Exhibit 99.1
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www.brileyfin.com
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B. Riley Financial Declares Dividend on 6.875%
Series A Preferred Stock
LOS ANGELES, April 13, 2020 — B.
Riley Financial, Inc. (NASDAQ: RILY) (“B. Riley” or the “Company”) today announced that its Board of Directors
has declared a quarterly cash dividend for the Company’s 6.875% Series A Cumulative Perpetual Preferred Stock (“Series
A Preferred Stock”).
The cash dividend equals $0.42968750 per depositary
share, each representing 1/1000th of a share of the Company’s Series A Preferred Stock, with a liquidation preference equivalent
to $25.00 per depositary share. The Series A Preferred Stock dividend will be payable on or about April 30, 2020 to holders of
record as of the close of business on April 23, 2020.
The depositary shares trade on NASDAQ under
the symbol “RILYP.”
About B. Riley Financial, Inc. (NASDAQ:RILY)
B. Riley Financial provides collaborative financial
services tailored to fit the capital raising and business advisory needs of public and private companies and high-net-worth individuals.
The Company operates through several wholly owned subsidiaries which offer complementary end-to-end capabilities spanning investment
banking and institutional brokerage, private wealth and investment management, corporate advisory, restructuring, due diligence,
forensic accounting and litigation support, appraisal and valuation, and auction and liquidation services. Certain registered affiliates
of B. Riley originate and underwrite senior secured loans for asset-rich companies. The Company also makes proprietary investments
in companies and assets with attractive return profiles. For more information about B. Riley and its affiliated companies, visit
www.brileyfin.com.
Contacts
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Investors
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Media
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B. Riley Financial
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Jo Anne McCusker
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ir@brileyfin.com
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jmccusker@brileyfin.com
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(310) 966-1444
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(646) 885-5425
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Source: B. Riley Financial, Inc.
# # #
B.
Riley Financial, Inc. | www.brileyfin.com | NASDAQ: RILY