{"schema_version":"secwatch.filing_event.v1","accession":"0001040130-25-000064","form_type":"8-K","ticker":"PETS","cik":"0001040130","company_name":"PETMED EXPRESS INC","filed_at":"2025-10-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.620100+00:00","generated_at":"2026-05-17T04:23:36.029108+00:00","sec_items":["2.06","4.02","8.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"confidence":"high","headline":"PetMed Express to restate FY2024, FY2023; investigation reveals revenue errors, former CEO/CFO out","bullets":["Net sales overstated by ~$7.0M in FY2024 and ~$9.0M in FY2023 due to vendor payment misclassification; no net income impact.","Investigation found Dec and Mar accelerated shipments: $133k and $1.1M revenue in wrong periods; $50 coupon and nepotism issues.","Former CEO Sandra Campos, former CFO Robyn D'Elia, former Audit Chair Diana Purcel resigned; Board adopted remediation plan.","Company expects to file FY2025 10-K by mid-October 2025; material weaknesses in internal controls to be reported.","Also recorded $1.2M non-cash impairment of PCRX trade name; possible additional goodwill impairment due to stock decline."],"urls":{"canonical":"https://secwatch.observer/filing/0001040130-25-000064","json":"https://secwatch.observer/filing/0001040130-25-000064.json","markdown":"https://secwatch.observer/filing/0001040130-25-000064.md","text":"https://secwatch.observer/filing/0001040130-25-000064.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1040130/000104013025000064/0001040130-25-000064-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1040130/000104013025000064/pets-20251001.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T04:23:36.029108+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}