{"schema_version":"secwatch.filing_event.v1","accession":"0001174947-23-000267","form_type":"8-K","ticker":"MGYR","cik":"0001337068","company_name":"Magyar Bancorp, Inc.","filed_at":"2023-02-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.534144+00:00","generated_at":"2026-06-18T23:20:15.428676+00:00","sec_items":["4.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Magyar Bancorp dismisses RSM US LLP, appoints S.R. Snodgrass as auditor","bullets":["Dismissed RSM US LLP as independent auditor effective February 27, 2023.","No disagreements or reportable events during fiscal 2022, 2021, or through dismissal.","Appointed S.R. Snodgrass, P.C. as new auditor effective February 28, 2023, contingent on client acceptance.","Audit reports for years ended September 30, 2022 and 2021 were unqualified.","Change resulted from a competitive selection process by the Audit Committee."],"urls":{"canonical":"https://secwatch.observer/filing/0001174947-23-000267","json":"https://secwatch.observer/filing/0001174947-23-000267.json","markdown":"https://secwatch.observer/filing/0001174947-23-000267.md","text":"https://secwatch.observer/filing/0001174947-23-000267.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1337068/000117494723000267/0001174947-23-000267-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1337068/000117494723000267/form8k-29514_mgyr.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T23:20:15.428676+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":"6b4c5bbc36dd1789579aacf1f5bd121af7003a49","claim":"Magyar Bancorp, Inc. dismissed RSM US LLP as its auditor.","evidence_excerpt":"Dismissal of Independent Registered Public Accounting Firm On February 27, 2023, the Audit Committee of the Board of Directors (the “Audit Committee”) of Magyar Bancorp, Inc. (the “Company”) recently conducted a competitive selection process to determine the Company's independent registered public accounting firm for the fiscal year ending September 30, 2023, and as a result of this process, decided to dismiss RSM US LLP (“RSM”) as the Company’s independent registered public accounting firm effective February 27, 2023.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1337068/000117494723000267/0001174947-23-000267-index.htm","confidence":1.0,"family_label":"Auditor Changes","details":[{"label":"Action","value":"dismissal"},{"label":"Auditor","value":"RSM US LLP"},{"label":"Successor","value":"S.R. Snodgrass, P.C."}],"fact_type":"auditor_change"},{"claim_id":"7dde6fe1ae85d12214afe797dfc0a06b2734ef1b","claim":"Magyar Bancorp, Inc. engaged S.R. Snodgrass, P.C. as its auditor.","evidence_excerpt":"Appointment of New Independent Registered Public Accounting Firm The Audit Committee has appointed S.R. Snodgrass, P.C., (“Snodgrass”) to serve as the Company’s independent registered public accounting firm effective February 28, 2023 contingent upon completion of Snodgrass’ client acceptance procedures.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1337068/000117494723000267/0001174947-23-000267-index.htm","confidence":1.0,"family_label":"Auditor Changes","details":[{"label":"Action","value":"engagement"},{"label":"Auditor","value":"S.R. Snodgrass, P.C."}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}