---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-002328"
form_type: "8-K"
ticker: "PRSU"
cik: "0000884219"
company_name: "Pursuit Attractions & Hospitality, Inc."
filed_at: "2023-02-09T23:59:59+00:00"
generated_at: "2026-06-19T21:14:35.998217+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Viad Corp restates Q3 2022 financials due to foreign currency lease error; net income overstated by $2M

## Summary
- Audit Committee concludes unaudited Q3 2022 financials should no longer be relied upon due to error in accounting for Sky Lagoon finance lease in Iceland.
- Error: lease liability in ISK payable in USD not remeasured monthly; costs and lease liability understated by $5.0M.
- Net income attributable to Viad overstated by $2.0M after taxes and noncontrolling interests.
- Company plans to file amended Form 10-Q soon and is reassessing internal controls over financial reporting.

## SEC filing metadata
- accession: 0000950170-23-002328
- form_type: 8-K
- ticker: PRSU
- cik: 0000884219
- company_name: Pursuit Attractions & Hospitality, Inc.
- filed_at: 2023-02-09T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/884219/000095017023002328/0000950170-23-002328-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/884219/000095017023002328/vvi-20230207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-002328
- JSON: https://secwatch.observer/filing/0000950170-23-002328.json
- Plain text: https://secwatch.observer/filing/0000950170-23-002328.txt

## Key facts
- Auditor Changes
  Pursuit Attractions & Hospitality, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: the Company’s previously issued unaudited condensed consolidated financial statements as of and for the three and nine months ended September 30, 2022 (the “Affected Period”) contained in the Company’s Quarterly Report on Form 10-Q (the “Affected Form 10-Q”) filed with the Securities and Exchange Commission (the “SEC”) on November 4, 2022, should no longer be relied upon due to an error relating to the accounting for the non-cash foreign currency remeasurement of a finance lease and will require restatement
  evidence_url: https://www.sec.gov/Archives/edgar/data/884219/000095017023002328/0000950170-23-002328-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.