Arlo Technologies Changes Independent Auditor

TL;DR

Arlo swapped auditors from PwC to EY, effective March 27, 2024.

AI Summary

On March 27, 2024, Arlo Technologies, Inc. filed an 8-K report to disclose changes in its certifying accountant. The company has dismissed PricewaterhouseCoopers LLP as its independent registered public accounting firm and has appointed Ernst & Young LLP as its new principal accountant. 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, which investors should monitor.

Risk Assessment

Risk Level: low — This filing reports a routine change in the company's independent auditor, which typically does not carry significant immediate risk.

Key Players & Entities

• Arlo Technologies, Inc. (company) — Registrant
• PricewaterhouseCoopers LLP (company) — Former independent registered public accounting firm
• Ernst & Young LLP (company) — New principal accountant
• March 27, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share ARLO New York Stock Exchange

Filing Documents

• arlo-20240327.htm (8-K) — 37KB
• arloform8-kex161x20240327.htm (EX-16.1) — 3KB
• 0001736946-24-000017.txt ( ) — 167KB
• arlo-20240327.xsd (EX-101.SCH) — 2KB
• arlo-20240327_lab.xml (EX-101.LAB) — 22KB
• arlo-20240327_pre.xml (EX-101.PRE) — 13KB
• arlo-20240327_htm.xml (XML) — 3KB

01. Changes in Registrant's Certifying Accountant

Item 4.01. Changes in Registrant's Certifying Accountant. (a) Dismissal of Former Independent Registered Public Accounting Firm Arlo Technologies, Inc. (the "Company") conducted a competitive process to determine its independent registered public accounting firm for the fiscal year ending December 31, 2024. Following a review and evaluation of the proposals from the participating firms, on March 27, 2024, the Audit Committee of the Board of Directors of the Company (the "Audit Committee") dismissed PricewaterhouseCoopers LLP ("PwC") as its independent registered public accounting firm effective immediately. The audit report of PwC on the Company's consolidated financial statements as of and for the fiscal years ended December 31, 2023 and 2022 did not contain any adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope, or accounting principles. During the Company's fiscal years ended December 31, 2023 and 2022, and the subsequent interim period through March 27, 2024, there were no "disagreements" (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) between the Company and 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 the disagreement in their reports on the financial statements for such years. During the Company's fiscal years ended December 31, 2023 and 2022, and the subsequent interim period through March 27, 2024, there were no "reportable events" (as defined in Item 304(a)(1)(v) of Regulation S-K), except that, as previously disclosed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (the "2023 10-K"), the Company reported a material weakness in internal control over financial reporting identified by management in the area of Inform

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. ARLO TECHNOLOGIES, INC. Registrant /s/ KURTIS BINDER Kurtis Binder Chief Financial Officer Dated: April 1, 2024