secwatch.observer — SEC 8-K summary
======================================

Issuer:     NOBILITY HOMES INC (NOBH)
CIK:        0000072205
Form:       8-K
Filed at:   2024-02-16T23:59:59+00:00
Accession:  0001193125-24-038165
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nobility Homes auditor CohnReznick resigns citing material weakness and disagreement over inventory costs
--------------------------------------------------------------------------------

- CohnReznick resigned as independent auditor effective Feb 15, 2024; Hancock Askew appointed as successor.
- Disagreement on scope/evidence for capitalization of material, labor, and overhead in finished goods inventory.
- CohnReznick identified a material weakness in internal controls over inventory cost capitalization due to inadequate manufacturing accounting system.
- No other disagreements or reportable events occurred since CohnReznick's appointment in May 2023 through resignation.
- New auditor Hancock Askew had no prior consultations with the company on accounting principles or disagreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72205/000119312524038165/0001193125-24-038165-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72205/000119312524038165/d770295d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-038165

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer