{"schema_version":"secwatch.filing_event.v1","accession":"0001101680-23-000123","form_type":"8-K","ticker":null,"cik":"0001101680","company_name":"DZS INC.","filed_at":"2023-11-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.227261+00:00","generated_at":"2026-06-08T06:04:18.236336+00:00","sec_items":["2.02","7.01","4.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"DZS restates 2022 and Q1 2023 financials due to revenue recognition errors; delays Q2 and Q3 filings","bullets":["Audit committee determined 2022 annual and interim financials plus Q1 2023 should no longer be relied upon.","Restatements stem from revenue recognition errors on certain customer projects; review ongoing.","Company will not file Q2 or Q3 2023 10-Qs on time; filing delayed until review completes.","Anticipates one or more additional material weaknesses in internal controls over financial reporting.","Approximately $30M in annualized cost savings expected fully realized in 2024 from prior actions."],"urls":{"canonical":"https://secwatch.observer/filing/0001101680-23-000123","json":"https://secwatch.observer/filing/0001101680-23-000123.json","markdown":"https://secwatch.observer/filing/0001101680-23-000123.md","text":"https://secwatch.observer/filing/0001101680-23-000123.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1101680/000110168023000123/0001101680-23-000123-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1101680/000110168023000123/dzsi-20231107.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T06:04:18.236336+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":"c9455b035e9f19aba2f19277443d2d4cd2f9c0f0","claim":"DZS INC. reported that prior financial statements should not be relied upon.","evidence_excerpt":"In addition, the report of Ernst & Young LLP included in the previously issued 2022 Annual Financial Statements should no longer be relied upon.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1101680/000110168023000123/0001101680-23-000123-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"},{"label":"Auditor","value":"Ernst & Young LLP"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}