---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-23-000850"
form_type: "8-K"
ticker: "IEHC"
cik: "0000050292"
company_name: "IEH Corp"
filed_at: "2023-06-09T23:59:59+00:00"
generated_at: "2026-06-14T04:23:36.539031+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# IEH Corporation announces non-reliance on FY2020 audited and prior interim financials due to inventory system errors

## Summary
- Errors from migration to new enterprise accounting system led to understated cost of goods sold, overstated income tax expense and net income for FY2020.
- Financial statements for quarters ended Sep 27, 2019 and Dec 31, 2019 also deemed unreliable; exact quantitative impact still being determined.
- Company plans to file a Super 10-K covering restated FY2020 audited, interim periods through Dec 31, 2021, and audited FY2021 and FY2022.
- Company ceased SEC filings after Oct 2020 10-K while resolving inventory reporting issues; this 8-K is filed June 8, 2023.

## SEC filing metadata
- accession: 0001174947-23-000850
- form_type: 8-K
- ticker: IEHC
- cik: 0000050292
- company_name: IEH Corp
- filed_at: 2023-06-09T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/50292/000117494723000850/0001174947-23-000850-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/50292/000117494723000850/form8k-30353_ieh.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-23-000850
- JSON: https://secwatch.observer/filing/0001174947-23-000850.json
- Plain text: https://secwatch.observer/filing/0001174947-23-000850.txt

## Key facts
- Auditor Changes
  IEH Corp reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: Marcum LLP
  source text: On January 26, 2023, the Company’s management, the Audit Committee and the Board determined that the Company’s previously audited financial statements and related disclosures for the fiscal year ended March 31, 2020 and for the period then ended should no longer be relied upon because of material errors contained in those financial statements.
  evidence_url: https://www.sec.gov/Archives/edgar/data/50292/000117494723000850/0001174947-23-000850-index.htm

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