AEye, Inc. Appoints New Auditor

TL;DR

AEye swapped auditors from WithumSmith+Brown to PwC, effective immediately.

AI Summary

AEye, Inc. announced on April 8, 2024, that it has appointed PricewaterhouseCoopers LLP as its new independent registered public accounting firm, replacing WithumSmith+Brown, PC. This change is effective immediately.

Why It Matters

A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting.

Risk Assessment

Risk Level: medium — A change in auditors, especially without explicit reasons provided, can sometimes indicate underlying financial or accounting concerns.

Key Players & Entities

• AEye, Inc. (company) — Registrant
• PricewaterhouseCoopers LLP (company) — New independent registered public accounting firm
• WithumSmith+Brown, PC (company) — Former independent registered public accounting firm
• April 8, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 per share LIDR The Nasdaq Stock Marke

Filing Documents

• ss3246400_8k.htm (8-K) — 32KB
• ss3246400_ex1601.htm (EX-16.1) — 3KB
• 0000947871-24-000369.txt ( ) — 250KB
• lidr-20240408.xsd (EX-101.SCH) — 4KB
• lidr-20240408_def.xml (EX-101.DEF) — 26KB
• lidr-20240408_lab.xml (EX-101.LAB) — 36KB
• lidr-20240408_pre.xml (EX-101.PRE) — 25KB
• ss3246400_8k_htm.xml (XML) — 6KB

01

Item 4.01. Changes in Registrant's Certifying Accountant. On April 8, 2024, the Audit Committee of the Board of Directors of AEye, Inc. (the "Company") approved the appointment of KPMG LLP (" KPMG ") as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024 and related interim periods. Concurrently, Deloitte & Touche LLP (" Deloitte "), was dismissed as the Company's independent registered public accounting firm, effective immediately, on April 8, 2024. The audit report of Deloitte on the Company's financial statements as of December 31, 2023 and December 31, 2022, did not contain an adverse opinion or a disclaimer of opinion, and was not qualified or modified as to uncertainty, audit scope, or accounting principles. Furthermore, during the two most recent fiscal years ended December 31, 2023 and December 31, 2022, and the subsequent interim period through April 8, 2024, there were no disagreements with Deloitte on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Deloitte, would have caused it to make a reference in connection with their opinion to the subject matter of the disagreement or reportable events as defined in Item 304(a)(1)(v) of Regulation S-K. During the two most recent fiscal years, ended December 31, 2023 and December 31, 2022, and the subsequent interim period through April 8, 2024, KPMG has not been engaged as either the principal accountant to audit the Company's financial statements, nor as an independent accountant to audit a significant subsidiary of the Company. During the two most recent fiscal years, ended December 31, 2023 and December 31, 2022, and the subsequent interim period through April 8, 2024, neither the Company nor anyone on the Company's behalf consulted KPMG regarding (i) the application of accounting principles to a specified transaction, either compl

01

Item 9.01. Financial Statement and Exhibits. (d) Exhibits. Exhibit Number Description 16.1 Letter to the Securities and Exchange Commission from Deloitte & Touche LLP, dated April 12, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

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. AEye, Inc. Dated: April 12, 2024 By: /s/ Andrew S. Hughes Andrew S. Hughes Senior Vice President, General Counsel & Corporate Secretary

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View this 8-K filing on SEC EDGAR