13D Filings
Babcock & Wilcox Enterprises, Inc.
BW
Amendment
Ownership

13.50%

Total Shares

13,246,373

Issuer CIK

1630805

CUSIP

05614L100

Event Date

Mar 30, 2025

Accepted

Apr 2, 2025, 09:00 PM

Reporting Persons (3)
Joint Filing

This is a joint filing. The reported shares may overlap between reporting persons and should not be summed.

NameType% of ClassAggregateSole VotingShared Voting
Bryant R. Riley
Individual
13.50%13,246,3731,373,21311,873,160
B. Riley Financial, Inc.
Holding Company
12.10%11,873,160011,873,160
BRF Investments, LLC
Other
12.10%11,873,160011,873,160
Disclosure Items (4)

Security Title

Common Stock, par value $0.01

Issuer Name

Babcock & Wilcox Enterprises, Inc.

Issuer Address

1200 E. Market Street, Suite 650, Akron, OH, 44305

Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following: As previously disclosed, on March 11, 2025, BRF effected a transaction pursuant to which BRF separated B. Riley Securities Holding, Inc. ("BRSH"), the parent company of BRS, from BRF. As a result of the transaction, BRS implemented its own operating and governance structure and established a board of directors independent from BRF. As a result, BRF is no longer the beneficial owner of the Shares held by BRS.

Percentage of Class

(1) As of the date hereof, BRFI beneficially owned directly 11,873,160 shares of Common Stock, representing 12.1% of the Issuer's Common Stock. BRF is the parent company of BRFI. As a result, BRF may be deemed to indirectly beneficially own the Shares held BRFI. (2) Bryant R. Riley may beneficially own 1,373,213 shares of Common Stock representing 1.4% of the Issuer's Common Stock, of which (i) 1,155,382 shares are held jointly with his wife, Carleen Riley, (ii) 45,436 shares are held as sole custodian for the benefit of Abigail Riley, (iii) 45,801 shares are held as sole custodian for the benefit of Charlie Riley, (iv) 45,431 shares are held as sole custodian for the benefit of Eloise Riley, (v) 43,810 shares are held as sole custodian for the benefit of Susan Riley, and (vi) 37,353 shares are held in Bryant R. Riley's 401(k) account. Bryant R. Riley may also beneficially own 11,873,160 shares of Common Stock, representing 12.1% of the Issuer's Common Stock, outstanding and held directly by BRFI in the manner specified in paragraph (1) above. Bryant R. Riley disclaims beneficial ownership of the shares held by BRFI in each case except to the extent of his pecuniary interest therein.

Number of Shares

The information contained on the cover pages to this Amendment is incorporated by reference herein.

Transactions

None.

Shareholders

Not applicable.

Item 6 of the Schedule 13D is hereby amended and supplemented by the addition of the following: The Reporting Persons' response to Item 4 is incorporated by reference into this Item 6.