---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-114301"
form_type: "8-K"
ticker: "TTSH"
cik: "0001552800"
company_name: "TILE SHOP HOLDINGS, INC."
filed_at: "2023-11-03T23:59:59+00:00"
generated_at: "2026-06-08T22:22:41.721129+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Tile Shop restates Q2 2023 balance sheet, cites material weakness in lease accounting

## Summary
- Audit Committee determined June 30, 2023 financials should no longer be relied upon due to lease extension error.
- Restatement increases right-of-use asset, total assets, long-term lease liability, and total liabilities by $2.152M each.
- Error had no material impact on income statement, equity, or cash flows; only balance sheet line items affected.
- Management identified a material weakness in internal controls over lease recognition; disclosure controls ineffective as of Sept 30, 2023.
- Remediation plan will be detailed in the Q3 2023 Form 10-Q, filed concurrently with this 8-K.

## SEC filing metadata
- accession: 0001104659-23-114301
- form_type: 8-K
- ticker: TTSH
- cik: 0001552800
- company_name: TILE SHOP HOLDINGS, INC.
- filed_at: 2023-11-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552800/000110465923114301/0001104659-23-114301-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552800/000110465923114301/tm2329822-1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-114301
- JSON: https://secwatch.observer/filing/0001104659-23-114301.json
- Plain text: https://secwatch.observer/filing/0001104659-23-114301.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.