PetMed Express dismisses RSM as auditor, hires Baker Tilly; cites material weaknesses in controls

PETMED EXPRESS INC

Audit Committee dismissed RSM US LLP as independent auditor effective after interim reviews; Baker Tilly US LLP engaged for FY2026.
No disagreements on accounting principles but multiple reportable events: material weaknesses in ITGC, tone at the top, revenue recognition, and restatements.
Material weaknesses include inadequate control environment, ineffective whistleblower process, and prior Audit Committee chair’s failure to report complaints to RSM.
Former audit reports for FY2024 and FY2025 were unqualified; material weaknesses not fully remediated as of filing date.
Company does not expect auditor change to delay filing of Q1 and Q2 FY2026 Form 10-Qs.

item 4.01 item 9.01

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