PHINIA INC. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by PHINIA INC. on October 29, 2025. The report discloses a change in the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on auditor changes and does not contain financial performance data.
Material Changes
- Appointment of New Auditor: The Audit Committee approved the engagement of Deloitte & Touche LLP ("D&T") as the independent registered public accounting firm for the fiscal year ending December 31, 2026.
- Dismissal of Prior Auditor: The Audit Committee approved the dismissal of PricewaterhouseCoopers LLP ("PwC") for the 2026 fiscal year. PwC will continue to serve as the auditor for the fiscal year ending December 31, 2025.
- Effective Date: The dismissal of PwC becomes effective upon the completion of their procedures for the 2025 fiscal year and the filing of the corresponding Form 10-K.
Management Commentary, Risks, and Contingencies
Audit Opinions and Disagreements: PwC's reports for the fiscal years ended December 31, 2024, and 2023 did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
Disagreements and Reportable Events: There were no disagreements between the Company and PwC on accounting principles, practices, or auditing scope during the relevant periods. The only reportable event was a material weakness in internal control over financial reporting, which was disclosed in the 2023 Form 10-K and remediated during fiscal year 2023.
Consultations with New Auditor: The Company did not consult with Deloitte & Touche LLP regarding accounting principles, audit opinions, disagreements, or reportable events prior to their engagement.
Investor Verification Checklist
- Verify the specific effective date of PwC's dismissal once the 2025 Form 10-K is filed.
- Review the letter from PricewaterhouseCoopers LLP (Exhibit 16.1) to confirm their agreement with the statements in this filing.
- Confirm the status of the remediation of the previously disclosed material weakness in internal controls.
- Monitor future filings for the transition timeline between PwC and Deloitte & Touche LLP.