secwatch.observer — SEC 8-K summary
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Issuer:     Silvergate Capital Corp (—)
CIK:        0001312109
Form:       8-K
Filed at:   2023-05-23T23:59:59+00:00
Accession:  0000950157-23-000563
Event type: other_material
Sentiment:  negative
Materiality: 0.95
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Silvergate dismisses auditor Crowe; unable to file 2022 10-K amid investigations
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- Dismissed Crowe LLP as independent auditor on May 22, 2023, due to inability to file 2022 10-K and subsequent reports.
- Regulatory inquiries, investigations, litigation, and wind-down of Silvergate Bank prevented completion of audit procedures.
- No disagreements or reportable events between company and Crowe; Crowe's 2021 report was unqualified.
- Company expects it cannot file any subsequent periodic reports under the Exchange Act.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1312109/000095015723000563/0000950157-23-000563-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1312109/000095015723000563/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000950157-23-000563

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