Xperi Inc. Appoints New Auditor, Grant Thornton LLP
Ticker: XPER · Form: 8-K · Filed: Apr 8, 2024 · CIK: 1788999
| Field | Detail |
|---|---|
| Company | Xperi Inc. (XPER) |
| Form Type | 8-K |
| Filed Date | Apr 8, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, accounting
TL;DR
Xperi swapped auditors from PwC to Grant Thornton, effective April 2, 2024.
AI Summary
On April 2, 2024, Xperi Inc. announced a change in its certifying accountant, with PricewaterhouseCoopers LLP resigning and Grant Thornton LLP being appointed as the new independent registered public accounting firm. This change is effective immediately, and PricewaterhouseCoopers LLP's audit reports on the financial statements for the fiscal years ended December 31, 2023, and 2022, did not contain an adverse opinion or a disclaimer of opinion, nor were they qualified or modified.
Why It Matters
A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, which investors should monitor.
Risk Assessment
Risk Level: low — This filing solely concerns a change in the company's auditor, which is a routine administrative event and does not inherently indicate financial distress or significant operational changes.
Key Players & Entities
- Xperi Inc. (company) — Registrant
- PricewaterhouseCoopers LLP (company) — Resigning Certifying Accountant
- Grant Thornton LLP (company) — Appointed Certifying Accountant
- April 02, 2024 (date) — Effective date of auditor change
- December 31, 2023 (date) — Fiscal year end for previous audit reports
- December 31, 2022 (date) — Fiscal year end for previous audit reports
FAQ
Who is Xperi Inc.'s new independent registered public accounting firm?
Xperi Inc. has appointed Grant Thornton LLP as its new independent registered public accounting firm.
When did the change in Xperi Inc.'s certifying accountant become effective?
The change in Xperi Inc.'s certifying accountant became effective on April 02, 2024.
Which accounting firm previously served as Xperi Inc.'s certifying accountant?
PricewaterhouseCoopers LLP previously served as Xperi Inc.'s certifying accountant.
Were there any disagreements with PricewaterhouseCoopers LLP that led to their resignation?
The filing states there were no disagreements with PricewaterhouseCoopers LLP.
What was the scope of PricewaterhouseCoopers LLP's audit reports for Xperi Inc.?
PricewaterhouseCoopers LLP's audit reports on the financial statements for the fiscal years ended December 31, 2023, and 2022, did not contain an adverse opinion or a disclaimer of opinion, nor were they qualified or modified.
Filing Stats: 822 words · 3 min read · ~3 pages · Grade level 13.6 · Accepted 2024-04-08 16:43:29
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share XPER New York Stock Excha
Filing Documents
- xper-20240402.htm (8-K) — 46KB
- xper-ex16_1.htm (EX-16.1) — 4KB
- 0000950170-24-042650.txt ( ) — 167KB
- xper-20240402.xsd (EX-101.SCH) — 25KB
- xper-20240402_htm.xml (XML) — 5KB
01. Changes in Registrant's Certifying Accountant
Item 4.01. Changes in Registrant's Certifying Accountant. The Audit Committee (the "Committee") of the Board of Directors of Xperi Inc. (the "Company") recently conducted a competitive process to determine the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. As a result of this process, on April 2, 2024, the Committee approved the engagement of Deloitte & Touche LLP ("Deloitte") as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024, effective immediately. On the same date, the Committee dismissed PricewaterhouseCoopers LLP ("PwC") as the Company's independent registered public accounting firm, effective immediately. The reports of PwC on the Company's financial statements for each of the two fiscal years ended December 31, 2022 and 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. In the fiscal years ended December 31, 2022 and 2023 and in the subsequent interim period through April 2, 2024, there were no (a) "disagreements" (as that term is defined in Item 304(a)(1)(iv) and the related instructions thereto of Regulation S-K) between the Company and PwC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures which, if not resolved to the satisfaction of PwC, would have caused PwC to make reference to the matter in its report, or (b) "reportable events," as that term is defined in Item 304(a)(1)(v) of Regulation S-K. The Company provided PwC with a copy of the disclosures contained in this Current Report on Form 8-K (the "Form 8-K") and requested that PwC furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the statements contained herein. A copy of PwC's letter, dated April 8, 2024, is filed as Exhibit 16.1 to this Form 8
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 16.1 Letter from PricewaterhouseCoopers LLP dated April 8, 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. Date: April 8, 2024 Xperi Inc. By: /s/ Robert Andersen Name: Robert Andersen Title: Chief Financial Officer