Business Context and Reporting Period
This Form 8-K Current Report was filed by Silvaco Group, Inc. on July 8, 2025. The filing addresses a change in the Company's independent registered public accounting firm resulting from the merger of Moss Adams LLP with Baker Tilly US, LLP.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on auditor transition details and compliance disclosures.
Material Changes
- Accountant Change: Moss Adams LLP resigned as the Company's independent auditor following its merger with Baker Tilly US, LLP on June 3, 2025.
- New Appointment: The Audit Committee appointed Baker Tilly as the successor independent registered public accounting firm effective July 8, 2025.
- Service Termination: Prohibited non-attest services previously provided by Baker Tilly Advisory Group, LP (an affiliate) were terminated prior to or shortly after the merger to ensure auditor independence.
Outlook, Risks, and Contingencies
- Auditor Independence: The Audit Committee determined Baker Tilly is sufficiently objective to serve as the auditor for the fiscal year ended December 31, 2025, citing clear separation between legacy audit and non-attest teams.
- Internal Control Weakness: The filing references a previously disclosed material weakness in internal control over financial reporting related to a lack of formalized accounting processes and insufficient personnel with technical accounting knowledge (disclosed in the 2024 Form 10-K).
- No Disagreements: There were no disagreements with the former auditor (Moss Adams) regarding accounting principles, practices, or audit scope during the years ended December 31, 2024 and 2023, or the interim period through July 8, 2025.
- Audit Opinion History: Moss Adams' reports for 2023 and 2024 did not contain adverse opinions, disclaimers, or qualifications.
Investor Verification Checklist
- Verify the effective date of the auditor transition (July 8, 2025) and the identity of the new firm (Baker Tilly).
- Review the status of the previously disclosed material weakness in internal controls over financial reporting.
- Confirm that no prohibited non-attest services are currently being performed by the new auditor or its affiliates.
- Check for any future filings regarding the resolution of the internal control material weakness.