Item 8.01. Other Events.

B. Riley Financial, Inc. (the "Company") is filing this Current Report on Form 8-K to recast its historical segment information and related disclosures, originally contained in its Annual Report on Form 10-K (the "2020 Form 10-K") for the fiscal year ended December 31, 2020, which was filed with the Securities and Exchange Commission (the "SEC") on March 4, 2021, to conform with the realigned segment reporting structure described below.

As disclosed in the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 (the "Form 10-Q"), which was filed with the SEC on May 10, 2021, the Company completed the acquisition of all of the outstanding shares of National Holdings Corporation ("National") not already owned by the Company. As a result of the National acquisition on February 25, 2021, the Company realigned its segment reporting structure to reflect organizational management changes in the Company's wealth management business. Under the new structure, the wealth management business previously reported in the Capital Markets segment are now reported in the Wealth Management segment for all periods presented.

To reflect the realigned segment reporting structure, the following Items of the 2020 Form 10-K have been revised retrospectively (which Items as revised are presented in Exhibit 99.1 attached hereto and incorporated by reference herein):





 ? Part I. Item 1. Business;

? Part II. Item 7. Management's Discussion and Analysis of Financial Condition

and Results of Operations;

? Part II. Item 8. Financial Statements and Supplementary Data; and

? Part IV. Item 15. Exhibits and Financial Statement Schedules.

The information in this Form 8-K does not reflect events or disclosures occurring after the filing of the Company's 2020 Form 10-K and does not modify or update the disclosures therein, except to the extent expressly provided above. For a discussion of events and developments subsequent to the filing of the 2020 Form 10-K, please refer to the Company's filings with the SEC since that date.

Item 9.01. Financial Statements and Exhibits.





(d) Exhibits



Exhibit No.   Description
23.1*           Consent of Independent Registered Public Accounting Firm

99.1*           Updates to Annual Report on Form 10-K for the year ended December 31,
              2020

101.INS*      XBRL Instance Document

101.SCH*      XBRL Taxonomy Extension Schema Document

101.CAL*      XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF*      XBRL Taxonomy Extension Definition Linkbase Document

101.LAB*      XBRL Taxonomy Extension Label Linkbase Document

101.PRE*       XBRL Taxonomy Extension Presentation Linkbase Document

104*          Cover Page Interactive Data File (formatted as Inline XBRL and
              contained in Exhibit 101)






 * Filed herewith.




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