Business Context and Reporting Period
This Form 8-K Current Report was filed by Instil Bio, Inc. on April 1, 2026. The filing discloses a change in the Company's independent registered public accounting firm. Instil Bio is an emerging growth company incorporated in Delaware, with its common stock trading on The Nasdaq Stock Market under the symbol "TIL."
Key Financial Metrics
The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance regarding the audit firm.
Material Changes
- Accountant Replacement: The Audit Committee approved the appointment of RSM US LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026.
- Dismissal of Prior Firm: Deloitte & Touche LLP was dismissed effective April 1, 2026.
- Audit History: Deloitte's reports for the fiscal years ended December 31, 2025, and 2024, did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
- No Disagreements: There were no disagreements with Deloitte on accounting principles, practices, or disclosures during the 2024 and 2025 fiscal years or the subsequent period through April 1, 2026.
- No Reportable Events: No reportable events occurred during the relevant periods as defined in Regulation S-K.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding business operations. It confirms that no consultations occurred with RSM regarding accounting principles or audit opinions during the two most recent fiscal years or the interim period through April 1, 2026. A letter from Deloitte confirming agreement with the Company's statements is filed as Exhibit 16.1.
Investor Verification Checklist
- Verify the effective date of the transition from Deloitte to RSM US LLP (April 1, 2026).
- Review Exhibit 16.1 (Deloitte's letter) to confirm no undisclosed disagreements exist.
- Monitor future filings for the first financial statements audited by RSM US LLP for the fiscal year ending December 31, 2026.
- Confirm that the change in auditors was not driven by any undisclosed accounting disputes or reportable events.