While the cake is cooling, make the topping.
Place the butter in a medium-size microwave-safe bowl and microwave on high power for 60-90 seconds or until melted.
Add the brown sugar and milk and stir to combine. Microwave on high for another two minutes, stirring halfway through. The sugar should be mostly dissolved.
Add the coconut and rice cereal and stir until nicely combined.
Transfer the coconut mixture to the center of the cake then carefully spread all the way to the edges of the cake but don’t let it go down the sides.
Toward the end of the 10 minute cooling time, preheat the broiler to medium, leaving the rack in the center of the oven.
Place the cake back in the oven and broil for 1-3 minutes, just until the coconut mixture is bubbly and starting to turn golden.
Remove from the oven and allow the cake to cool completely in the pan.
Once the cake is cooled, run a thin-bladed knife around the edges of the pan to make sure it will easily release. Place a dinner plate on top of the cake and flip it upside down to release it from the pan. Place another plate (or a serving platter) on top of the inverted cake and flip one more time so the coconut layer is on the top.
If using the optional glaze, turn the cake back onto a cooling rack when flipping the second time. Brush with the optional glaze or just serve and enjoy!
Sprinkle with flaky sea salt before serving, if desired