ADTRAN Holdings, Inc. (ADTN): auditor change — ADTRAN Holdings restates FY23/FY24 results; €5.7M inventory error; annual meeting postponed

ADTRAN Holdings, Inc.

Audit Committee concludes 2023 and 2024 annual and interim financials should no longer be relied upon due to inventory adjustment.
Subsidiary Adtran Networks SE's €5.7M increase in cost of goods sold was not properly communicated before filing.
At least one additional material weakness identified in internal controls; PwC opinions on prior periods withdrawn.
Annual meeting postponed from May 14, 2025 pending restatement; Form 12b-25 to be filed for Q1 10-Q extension.

item 4.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

ADTRAN Holdings, Inc. reported that prior financial statements should not be relied upon.

Action: non reliance
Auditor: PricewaterhouseCoopers LLP

Exact text from the filing

the Audit Committee also concluded that the opinions of the Company’s independent registered public accounting firm, PricewaterhouseCoopers LLP (“PwC”), on the Company’s consolidated financial statements as of and for the years ended December 31, 2024 and 2023, as well as the interim reviews for each of 2024 Interim Periods, should no longer be relied upon

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ADTRAN Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-25-070473

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