Home / Auditor changes / XCel Brands, Inc.
Filed 2025-09-19 路 Form 8-K 路 Accession 0001104659-25-091675 nano
Price before filing: $1.48 (2025-09-18 close, split/dividend-adjusted)
Market cap at flag: $5.4M (2025-09-19) 路 Latest: $2.6M (2026-10-16)
| Window | XELB | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +15.5% | +1.6% | +13.9% | 2025-10-20 |
| 90 days | -25.0% | +2.4% | -27.4% | 2025-12-18 |
| 180 days | -7.4% | +0.4% | -7.9% | 2026-03-18 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 2 insiders bought $238K (2 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-08-04 | D LOREN ROBERT W CEO and Chairman, Director, 10% owner | Purchase | 124,200 | $1.10 | $137K | no | Form 4 |
| 2025-08-04 | DiSanto Mark Director | Purchase | 91,800 | $1.10 | $101K | no | Form 4 |
| 2025-09-19: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-06-21 to 2025-10-19. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"(the "Company") dismissed CBIZ CPAs P.C. ("CBIZ CPAs") as the Company's independent registered accounting firm."
Quoted from the filing. Source
The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.
Type: dismissed
Disagreements reported: no
New auditor: Wolf & Company, P.C.
Why this score: also within 90 days: Going-concern doubt
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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