{"schema_version":"secwatch.filing_event.v1","accession":"0001043509-22-000016","form_type":"8-K","ticker":"SAH","cik":"0001043509","company_name":"SONIC AUTOMOTIVE INC","filed_at":"2022-10-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.383619+00:00","generated_at":"2026-06-22T22:20:46.972101+00:00","sec_items":["4.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Sonic Automotive restates Q1-Q2 2022 fleet revenue; internal control material weakness","bullets":["Restatement corrects overstatement of fleet new vehicle revenue by $130.4M (Q1) and $146.6M (Q2); no impact on gross profit or net income.","Error stemmed from gross vs. net accounting for certain fleet transactions at one RFJ-acquired store; affects 3 months ended Mar 31 and Jun 30, 2022.","Management identified a material weakness in internal control over financial reporting for Q1-Q3 2022; remediation plan to be detailed in Q3 10-Q.","Prior 10-Qs for Mar 31 and Jun 30, 2022 no longer reliable; KPMG informed and Audit Committee authorized restatement."],"urls":{"canonical":"https://secwatch.observer/filing/0001043509-22-000016","json":"https://secwatch.observer/filing/0001043509-22-000016.json","markdown":"https://secwatch.observer/filing/0001043509-22-000016.md","text":"https://secwatch.observer/filing/0001043509-22-000016.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1043509/000104350922000016/0001043509-22-000016-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1043509/000104350922000016/sah-20221026.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T22:20:46.972101+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":[{"claim_id":"e6f2d5a9be68ec4a23f8cb269ba41b0684dfa122","claim":"SONIC AUTOMOTIVE INC reported that prior financial statements should not be relied upon.","evidence_excerpt":"Contemporaneously with this Current Report on Form 8-K, the Company intends to restate the unaudited condensed consolidated financial statements included in the Affected 10-Qs for the three months ended March 31, 2022 and the three and six months ended June 30, 2022, which were initially filed with the Affected 10-Qs, in order to correct the identified misstatements contained therein. The tables below reflect the sections of the Company’s unaudited condensed consolidated financial statements that were impacted by the error: Three Months Ended March 31, 2022 (Dollars in millions) As Reported Adjustments As Restated Revenues: Fleet new vehicles $ 148.6 $ (130.4) $ 18.2 Total new vehicles $ 1,499.9 $ (130.4) $ 1,369.5 Total vehicles $ 3,039.5 $ (130.4) $ 2,909.1 Total revenues $ 3,586.6 $ (130.4) $ 3,456.2 Cost of sales: Fleet new vehicles $ (147.8) $ 130.4 $ (17.4) Total new vehicles $ (1,","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1043509/000104350922000016/0001043509-22-000016-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}