SoundHound AI, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed on September 13, 2023 under Item 4.01 regarding a change in the company’s independent registered public accounting firm. The filing does not report quarterly or annual operating results.
Auditor Change
- The Audit Committee appointed PricewaterhouseCoopers LLP (PwC) as SoundHound AI’s independent registered public accounting firm for the fiscal year ending December 31, 2023, effective immediately.
- Armanino LLP, the predecessor auditor, ceased serving as the company’s auditor on September 13, 2023.
- Armanino had previously informed the company that it would resign because it was ceasing to provide certain services to public companies. Its resignation was scheduled to become effective upon the earlier of the engagement of a new auditor or the filing of the company’s Form 10-Q for the quarter ended September 30, 2023.
- The filing includes Armanino’s letter to the SEC dated September 13, 2023 regarding the company’s disclosures.
Financial Metrics and Material Changes
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, financial guidance, or other operating metrics. It does not identify a material change in financial results versus a prior comparable period.
Outlook, Risks, and Unusual Items
The auditor transition is an administrative and reporting matter. The filing attributes the change to Armanino’s decision to cease providing certain services to public companies and does not disclose any disagreement with Armanino regarding accounting principles, financial statement disclosure, or audit scope.
Investor Verification Points
- Review the attached Armanino letter, Exhibit 16.1, for its concurrence with the company’s disclosures.
- Confirm PwC’s role in subsequent quarterly and annual filings.
- Review the subsequent Form 10-Q and Form 10-K for any audit-related matters, restatements, internal-control issues, or additional auditor commentary.
- Note that this filing contains no current-period financial results or management guidance.