Stride, Inc. Switches Auditors to BDO USA, LLP

TL;DR

Stride dumped PwC for BDO. New auditor starting now.

AI Summary

Stride, Inc. announced on August 15, 2024, that it has dismissed PricewaterhouseCoopers LLP as its independent registered public accounting firm. The company has appointed BDO USA, LLP as its new independent registered public accounting firm, 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 will monitor.

Risk Assessment

Risk Level: medium — Switching auditors can sometimes precede or coincide with financial scrutiny or changes in accounting practices.

Key Players & Entities

• Stride, Inc. (company) — Registrant
• PricewaterhouseCoopers LLP (company) — Former independent registered public accounting firm
• BDO USA, LLP (company) — New independent registered public accounting firm
• August 15, 2024 (date) — Date of dismissal and appointment

FAQ

Key Financial Figures

• $0.0001 — nge on which registered Common Stock, $0.0001 par value per share LRN New York Stoc

Filing Documents

• tm2422054d1_8k.htm (8-K) — 31KB
• tm2422054d1_ex16-1.htm (EX-16.1) — 2KB
• 0001104659-24-091274.txt ( ) — 202KB
• lrn-20240815.xsd (EX-101.SCH) — 3KB
• lrn-20240815_lab.xml (EX-101.LAB) — 33KB
• lrn-20240815_pre.xml (EX-101.PRE) — 22KB
• tm2422054d1_8k_htm.xml (XML) — 3KB

01

Item 4.01. Changes in Registrant's Certifying Accountant. The Audit Committee (the "Audit Committee") of the Board of Directors of Stride, Inc. (the "Company") conducted a competitive evaluation process to determine the Company's independent registered public accounting firm for the fiscal year ending June 30, 2025. The Audit Committee invited several independent registered public accounting firms to participate in this process. On August 15, 2024, the Audit Committee approved the engagement of KPMG LLP ("KPMG") as the Company's independent registered public accounting firm for the fiscal year ending June 30, 2025 and the dismissal of BDO USA, P.C. ("BDO") as the Company's independent registered public accounting firm, each effective immediately. BDO's (i) reports on the Company's consolidated financial statements and internal control over financial reporting, which were included in the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2024, and (ii) reports on the Company's consolidated financial statements and internal control over financial reporting, which were included in the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2023, did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles, except that the reports of BDO dated August 15, 2023 noted that BDO audited the Company's internal control over financial reporting as of June 30, 2023 and expressed an adverse opinion thereon due to a material weakness in internal control over financial reporting relating to a lack of effective information technology general controls related to user access, program change, and data processing over information technology systems used by the Company for financial reporting. During the fiscal years ended June 30, 2024 and June 30, 2023, and the subsequent interim period through August 15, 2024, there were: (i) no disagreements within the

01

Item 9.01.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 16.1 Letter of BDO USA, P.C., dated August 20, 2024 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

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. Stride, Inc. Date: August 20, 2024 By: /s/ Vincent W. Mathis Name: Vincent W. Mathis Title: Executive Vice President, General Counsel and Secretary