secwatch.observer — SEC 8-K summary
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Issuer:     Kubient, Inc. (—)
CIK:        0001729750
Form:       8-K
Filed at:   2023-09-25T23:59:59+00:00
Accession:  0001140361-23-045117
Event type: other_material
Sentiment:  negative
Materiality: 0.95
Item codes: 4.01, 4.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kubient auditor Marcum resigns, withdraws reports; CEO placed on leave
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- Marcum resigned as auditor effective Sept 20, 2023, withdrawing reports for FY 2020–2022 and declining association with subsequent quarterly statements.
- Board concludes previously issued financial statements for FY 2020–2022 and quarters through Mar 31, 2023 should no longer be relied upon.
- CEO Paul Roberts placed on paid administrative leave pending internal investigation; resigned as Chairman and board member effective Sept 22.
- Elisabeth DeMarse appointed Interim CEO and President; Lawrence Harris rejoins board to fill vacancies.
- Quantitative impact of restatements still being determined; company actively seeking a new auditor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1729750/000114036123045117/0001140361-23-045117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1729750/000114036123045117/ef20011231_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-045117

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