secwatch.observer — SEC 8-K summary
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Issuer:     HILLS BANCORPORATION (HBIA)
CIK:        0000732417
Form:       8-K
Filed at:   2026-01-09T23:59:59+00:00
Accession:  0000732417-26-000003
Event type: other_material
Sentiment:  negative
Materiality: 0.55
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hills Bancorporation replaces Forvis Mazars with Crowe as auditor; cites material weaknesses
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- Audit Committee dismissed Forvis Mazars, LLP effective after 2025 audit completion on Jan 5, 2026.
- Crowe LLP approved as successor auditor for fiscal year ending Dec 31, 2026, subject to client acceptance.
- Past reports from Forvis Mazars were unqualified; no disagreements occurred.
- Material weaknesses disclosed in internal controls over period-end reporting, journal entries, and related-party transactions.
- Forvis Mazars provided a letter to the SEC agreeing with the company's disclosures.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/732417/000073241726000003/0000732417-26-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/732417/000073241726000003/hbia-20260105.htm
  HTML page:      https://secwatch.observer/filing/0000732417-26-000003

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