XCel Brands, Inc. (XELB): auditor change — Xcel Brands dismisses recently-appointed auditor CBIZ CPAs, appoints Wolf; discloses material weakness

XCel Brands, Inc.

Dismissed CBIZ CPAs on Sep 15, 2025; no disagreements but a material weakness was identified.
Appointed Wolf & Company, PC as new independent auditor on Sep 16, 2025 for FY 2025.
Material weakness: inability to file 10-K/10-Q on time due to reliance on third party for unconsolidated affiliate financial info.
CBIZ CPAs issued no audit report during its brief engagement from May to September 2025.

item 4.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

XCel Brands, Inc. dismissed CBIZ CPAs P.C. as its auditor.

Action: dismissal
Auditor: CBIZ CPAs P.C.

Exact text from the filing

(a) Dismissal of Independent Registered Public Accounting Firm On September 15, 2025, the Audit Committee of the Board of Directors of Xcel Brands, Inc. (the “Company”) dismissed CBIZ CPAs P.C. (“CBIZ CPAs”) as the Company’s independent registered accounting firm. The Company informed CBIZ CPAs of its termination on September 16, 2025. As previously disclosed in a Current Report on Form 8-K filed on May 29, 2025, on May 27, 2025 Marcum LLP was dismissed, and CBIZ CPAs was appointed, as the Company’s independent registered public accounting firm.

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Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

XCel Brands, Inc. engaged Wolf & Company, PC as its auditor.

Action: engagement
Auditor: Wolf & Company, PC

Exact text from the filing

(b) Appointment of New Independent Registered Public Accounting Firm On September 15, 2025, Audit Committee approved the engagement of Wolf & Company, PC (“Wolf”) as the Company’s independent registered public accounting firm and formally engaged Wolf on September 16, 2025.

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XCel Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-091675

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