Home / Auditor changes / SCANSOURCE, INC.
Filed 2025-10-16 路 Form 8-K 路 Accession 0001193125-25-241443 small
Price before filing: $42.61 (2025-10-15 close, split/dividend-adjusted)
Market cap at flag: $910.2M (2025-10-16) 路 Latest: $1.28B (2026-10-16)
| Window | SCSC | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -9.0% | +0.1% | -9.0% | 2025-11-17 |
| 90 days | -3.2% | +4.1% | -7.3% | 2026-01-14 |
| 180 days | -9.4% | +5.0% | -14.4% | 2026-04-14 |
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 sold $6.9M (6 sales)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-08-27 | Hayden Rachel SEVP & CIO | Sale | 1,012 | $43.27 | $44K | yes | Form 4 |
| 2025-08-28 | Hayden Rachel SEVP & CIO | Sale | 1,080 | $44.69 | $48K | yes | Form 4 |
| 2025-08-29 | Hayden Rachel SEVP & CIO | Sale | 833 | $44.36 | $37K | yes | Form 4 |
| 2025-09-03 | Hayden Rachel SEVP & CIO | Sale | 752 | $43.57 | $33K | yes | Form 4 |
| 2025-09-17 | BAUR MICHAEL L CEO, President, BOD Chair, Director | Sale | 102,031 | $44.96 | $4.6M | no | Form 4 |
| 2025-09-18 | BAUR MICHAEL L CEO, President, BOD Chair, Director | Sale | 47,969 | $44.34 | $2.1M | no | Form 4 |
| 2025-10-16: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-07-18 to 2025-11-15. 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.
"As a result of this process, following the review and evaluation of the proposals from the participating firms, on October 9, 2025, the Audit Committee approved the dismissal of Grant Thornton as the Company's independent registered public accounting firm, effective upon completion of the interim review of the quarterly information on Form 10-Q for the three months ended September 30, 2025."
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
Former auditor: Grant Thornton LLP · New auditor: Deloitte & Touche LLP
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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