{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-028579","form_type":"8-K","ticker":null,"cik":"0001834045","company_name":"Vintage Wine Estates, Inc.","filed_at":"2023-02-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.942299+00:00","generated_at":"2026-06-19T21:59:21.414348+00:00","sec_items":["2.02","4.02","5.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"VWE restates Q1 FY23, preliminary Q2 rev ~$81M, withdraws guidance, CEO transitions","bullets":["Q1 FY23 restatement: net income down $0.8M, EPS from $0.02 to $0.00; revenue +$0.7M, COGS +$2.9M.","Preliminary Q2 FY23: revenue ~$81M, gross margin ~35%, SG&A ~$33M, adj. EBITDA ~$3.5M.","Withdraws FY23 guidance due to business realignment; Q2 filing delayed to mid-March.","CEO Pat Roney transitions to Executive Chairman; Director Jon Moramarco becomes Interim CEO.","Business realignment targets ~$10M annual cost savings, asset sales to reduce debt."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-028579","json":"https://secwatch.observer/filing/0001193125-23-028579.json","markdown":"https://secwatch.observer/filing/0001193125-23-028579.md","text":"https://secwatch.observer/filing/0001193125-23-028579.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1834045/000119312523028579/0001193125-23-028579-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1834045/000119312523028579/d390305d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T21:59:21.414348+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":"753049738ca0489d2e5f4a4c42cf8cdae789771d","claim":"Vintage Wine Estates, Inc. reported that prior financial statements should not be relied upon.","evidence_excerpt":"determined that the Company’s previously issued financial statements as of and for the three months ended September 30, 2022 (the “Subject Period”) should no longer be relied upon and should be restated","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1834045/000119312523028579/0001193125-23-028579-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"},{"label":"Auditor","value":"Cherry Bekaert LLP"}],"fact_type":"auditor_change"},{"claim_id":"55aa9ad4f8ff25ee2a5ca20efe9727514ee1fbe3","claim":"Vintage Wine Estates, Inc. reported the quarterly period ended December 31, 2022 results: revenue approximately $81 million.","evidence_excerpt":"the Company provided certain preliminary unaudited/unreviewed financial results for the second quarter fiscal 2023, as follows: • Revenue is expected to be approximately $81 million as acquisitions offset declines related to a customer’s retail television programming schedule and slower consumer discretionary spending. • Gross margin is expected to be","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1834045/000119312523028579/0001193125-23-028579-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarterly period ended December 31, 2022"},{"label":"Revenue","value":"approximately $81 million"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"3e3761d489","claim":"Jon Moramarco was appointed as Interim Chief Executive Officer at Vintage Wine Estates, Inc..","evidence_excerpt":"Also on February 7, 2023, the Board appointed Jon Moramarco, a member of the Board, as the Company’s Interim Chief Executive Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1834045/000119312523028579/0001193125-23-028579-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Interim Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"3fab6d8395","claim":"Patrick Roney changed role as Executive Chairman at Vintage Wine Estates, Inc..","evidence_excerpt":"On February 7, 2023, the Company and Patrick Roney, founder of VWE, entered into a letter agreement (the “Letter Agreement”) whereby Mr. Roney voluntarily elected to transition from Chief Executive Officer of the Company to Executive Chairman of the Board, effective February 7, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1834045/000119312523028579/0001193125-23-028579-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"transitioned"},{"label":"Role","value":"Executive Chairman"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}