{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-067013","form_type":"8-K","ticker":"AENT","cik":"0001823584","company_name":"ALLIANCE ENTERTAINMENT HOLDING CORP","filed_at":"2022-06-01T23:59:59+00:00","discovered_at":"2026-05-14T18:04:02.588049+00:00","generated_at":"2026-06-25T05:34:49.920035+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"CEO Sumichrast resigns amid SEC fraud allegations; Thomas Finke appointed CEO","bullets":["Sumichrast resigned as CEO and director on June 1, 2022, following SEC fraud allegations.","SEC complaint alleges Sumichrast defrauded Stone Street Partners, LLC, a private fund he managed prior to Adara.","Thomas Finke appointed CEO; Dylan Glenn replaces Finke on Compensation Committee.","SEC seeks injunctive relief, disgorgement, civil penalties, officer-director bar, and penny stock bar."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-067013","json":"https://secwatch.observer/filing/0001104659-22-067013.json","markdown":"https://secwatch.observer/filing/0001104659-22-067013.md","text":"https://secwatch.observer/filing/0001104659-22-067013.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1823584/000110465922067013/0001104659-22-067013-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1823584/000110465922067013/tm2217473d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T05:34:49.920035+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":"56ae1fdf9e","claim":"Martin A. Sumichrast resigned as Director at ALLIANCE ENTERTAINMENT HOLDING CORP.","evidence_excerpt":"On June 1, 2022, Martin A. Sumichrast resigned as Chief Executive Officer and a director of Adara Acquisition Corp.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1823584/000110465922067013/0001104659-22-067013-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"f32d350b76","claim":"Thomas Finke was appointed as Chief Executive Officer at ALLIANCE ENTERTAINMENT HOLDING CORP.","evidence_excerpt":"the Board of Directors of the Company appointed Thomas Finke as Chief Executive Officer","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1823584/000110465922067013/0001104659-22-067013-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"f564ad4366","claim":"Martin A. Sumichrast resigned as Chief Executive Officer at ALLIANCE ENTERTAINMENT HOLDING CORP.","evidence_excerpt":"On June 1, 2022, Martin A. Sumichrast resigned as Chief Executive Officer and a director of Adara Acquisition Corp.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1823584/000110465922067013/0001104659-22-067013-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}