secwatch.observer — SEC 8-K summary
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Issuer:     Distribution Solutions Group, Inc. (DSGR)
CIK:        0000703604
Form:       8-K
Filed at:   2023-05-25T23:59:59+00:00
Accession:  0001193125-23-154070
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Distribution Solutions Group dismisses BDO, appoints Grant Thornton; BDO had adverse internal control opinion
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- Audit Committee dismissed BDO USA as independent auditor on May 19, 2023.
- BDO's 2022 report on financials was unqualified, but its internal control opinion was adverse.
- Material weaknesses cited: insufficient technical accounting resources at TestEquity related to business combinations, revenue recognition, and segregation of duties.
- Grant Thornton LLP, prior auditor of TestEquity, was appointed as new auditor effective May 25, 2023.
- No disagreements with BDO; BDO confirmed the disclosure in a letter to the SEC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/703604/000119312523154070/0001193125-23-154070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/703604/000119312523154070/d480913d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-154070

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