Business Context and Reporting Period
Company: INSEEGO CORP. (INSG)
Filing Type: Form 8-K (Current Report)
Date of Report: April 10, 2025
Reporting Period: This filing reports a specific corporate event occurring on April 10, 2025, regarding a change in the registrant's certifying accountant. It is not a periodic financial report (e.g., 10-K or 10-Q).
Key Financial Metrics
This Form 8-K does not contain financial performance data. The filing text does not provide values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The primary material change reported is the replacement of the Company's independent registered public accounting firm:
- Resignation: Marcum LLP resigned as the named audit firm on April 10, 2025.
- Successor: CBIZ CPAs P.C. ("CBIZ") was engaged as the new independent registered public accounting firm on April 10, 2025.
- Reason: The change resulted from CBIZ's acquisition of the attest business of Marcum LLP on November 1, 2024.
- Historical Opinions: Marcum's reports for fiscal years ended December 31, 2024, and December 31, 2023, contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms that during the fiscal years ended December 31, 2024 and 2023, and through April 10, 2025, there were no disagreements with Marcum on accounting principles, financial statement disclosure, or auditing scope. Additionally, no "reportable events" occurred during this period.
Consultations: The Company did not consult with CBIZ regarding accounting principles or audit opinions prior to the engagement, nor did CBIZ provide advice on matters that were subjects of disagreement or reportable events.
Risks and Contingencies: No specific risks or contingencies are detailed in this filing beyond the standard transition of audit firms.
Investor Verification Checklist
- Verify the effective date of the transition from Marcum LLP to CBIZ CPAs P.C. (April 10, 2025).
- Confirm that Marcum's resignation letter (Exhibit 16.1) contains no disagreements with the Company's statements.
- Review the upcoming 10-K or 10-Q filings to ensure CBIZ has issued the required audit opinions for the current fiscal year.
- Monitor for any future disclosures regarding disagreements or reportable events between the Company and the new auditor.