Sonos Changes Auditors to Ernst & Young
Ticker: SONO · Form: 8-K · Filed: Dec 16, 2024 · CIK: 1314727
| Field | Detail |
|---|---|
| Company | Sonos Inc (SONO) |
| Form Type | 8-K |
| Filed Date | Dec 16, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, administrative
TL;DR
Sonos swapped PwC for EY as its auditor, effective Dec 10, 2024.
AI Summary
On December 10, 2024, Sonos Inc. filed an 8-K report to disclose a change in its certifying accountant. The company has appointed Ernst & Young LLP as its new independent registered public accounting firm, effective December 10, 2024. This change follows the resignation of their previous auditor, PricewaterhouseCoopers LLP.
Why It Matters
A change in a company's auditor can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, which investors may monitor closely.
Risk Assessment
Risk Level: low — This filing pertains to a routine administrative change in the company's auditing firm and does not involve financial performance or strategic shifts.
Key Players & Entities
- Sonos Inc. (company) — Registrant
- Ernst & Young LLP (company) — New independent registered public accounting firm
- PricewaterhouseCoopers LLP (company) — Previous independent registered public accounting firm
- December 10, 2024 (date) — Effective date of auditor change
FAQ
Who is Sonos Inc.'s new independent registered public accounting firm?
Sonos Inc. has appointed Ernst & Young LLP as its new independent registered public accounting firm.
When did the change in Sonos Inc.'s certifying accountant become effective?
The change became effective on December 10, 2024.
Who was Sonos Inc.'s previous independent registered public accounting firm?
Sonos Inc.'s previous independent registered public accounting firm was PricewaterhouseCoopers LLP.
What is the filing date of this 8-K report?
The filing date of this 8-K report is December 16, 2024.
What is the principal executive office address for Sonos Inc.?
The address of Sonos Inc.'s principal executive offices is 301 Coromar Drive, Santa Barbara, California 93117.
Filing Stats: 843 words · 3 min read · ~3 pages · Grade level 14.8 · Accepted 2024-12-16 16:11:27
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 par value SONO The Nasdaq Stock Market
Filing Documents
- sono-20241210.htm (8-K) — 28KB
- sonosexhibit16letter.htm (EX-16) — 3KB
- image_0a.jpg (GRAPHIC) — 74KB
- 0001314727-24-000029.txt ( ) — 254KB
- sono-20241210.xsd (EX-101.SCH) — 2KB
- sono-20241210_lab.xml (EX-101.LAB) — 21KB
- sono-20241210_pre.xml (EX-101.PRE) — 12KB
- sono-20241210_htm.xml (XML) — 3KB
01 Changes in Registrant's Certifying Accountant
Item 4.01 Changes in Registrant's Certifying Accountant. On December 10, 2024, the Audit Committee (the "Audit Committee") of the Board of Directors of Sonos, Inc. (the "Company") approved the engagement of KPMG LLP ("KPMG") as the Company's independent registered public accounting firm for the fiscal year ending September 27, 2025, effective immediately. Accordingly, PricewaterhouseCoopers LLP ("PwC"), the Company's prior independent registered public accounting firm, was informed on December 10, 2024 that it was dismissed as the Company's independent registered public accounting firm. PwC's audit reports on the Company's financial statements for the fiscal years ended September 28, 2024 and September 30, 2023 did not contain an adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles. During the Company's fiscal years ended September 28, 2024 and September 30, 2023, and the subsequent interim period through December 10, 2024: (1) there were no "disagreements" (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions to Item 304) with PwC 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 PwC, would have caused PwC to make reference to the subject matter of such disagreements in connection with its reports on the financial statements for such periods and (2) there were no "reportable events" (as defined in Item 304(a)(1)(v) of Regulation S-K). The Company provided PwC with a copy of this Current Report on Form 8-K (this "Report") prior to its filing with the Securities and Exchange Commission (the "SEC") and requested that PwC furnish the Company with a letter addressed to the SEC stating whether PwC agrees with the statements made by the Company in this Report and, if not, stating the respects, if any, in which PwC does not agree wi
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. 16.1 Letter from PricewaterhouseCoopers LLP to the Securities and Exchange Commission, dated December 16, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE 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. SONOS, INC. Date: December 16, 2024 By: /s/ Saori Casey Saori Casey Chief Financial Officer