{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-22-082892","form_type":"8-K","ticker":null,"cik":"0001810140","company_name":"Polished.com Inc.","filed_at":"2022-12-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.246371+00:00","generated_at":"2026-06-20T22:54:26.582338+00:00","sec_items":["4.01","8.01","4.02","5.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Auditor resigns; Polished to restate Q1 2022 revenue down $6-8M; former CEO settles for ~$800k expense reimbursement","bullets":["Auditor Friedman LLP resigned after internal investigation findings of possible material adjustments to prior financials.","Polished expects to restate Q1 2022: revenue reduction of $6-8M, COGS reduction of $5-7M, operating income down $1-2M.","No material restatement expected for FY2021; new auditor Sadler, Gibb & Associates engaged to re-audit FY2021 and review Q2/Q3 2021 and Q1 2022.","Former CEO Albert Fouerti agreed to reimburse ~$800k in non-company expenses and investigation costs; non-compete and non-solicitation included.","Company withdraws prior FY2022 guidance from former management; cites economic headwinds and margin pressures."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-22-082892","json":"https://secwatch.observer/filing/0001213900-22-082892.json","markdown":"https://secwatch.observer/filing/0001213900-22-082892.md","text":"https://secwatch.observer/filing/0001213900-22-082892.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1810140/000121390022082892/0001213900-22-082892-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1810140/000121390022082892/ea170694-8k_polished.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T22:54:26.582338+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":"3936f6ad42d659455f571a31018bd5a5d8bd3f39","claim":"Friedman LLP resigned as auditor of Polished.com Inc..","evidence_excerpt":"(a) Resignation of Independent Registered Public Accounting Firm On December 20, 2022, Polished.com Inc. (the “Company”) received a letter (the “Letter”) from the Company’s independent registered public accounting firm, Friedman LLP (“Friedman”), informing the Company of its decision to resign effective December 20,","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1810140/000121390022082892/0001213900-22-082892-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"resignation"},{"label":"Auditor","value":"Friedman LLP"}],"fact_type":"auditor_change"},{"claim_id":"8cecb005cda453538bb3147a56eabdeeacd5b2f3","claim":"Polished.com Inc. engaged Sadler, Gibb & Associates, LLC as its auditor.","evidence_excerpt":"On December 26, 2022, the Audit Committee approved the engagement of Sadler, Gibb & Associates, LLC (“Sadler”) as the Company’s independent registered public accounting firm for the fiscal years ended December 31, 2022 and 2021.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1810140/000121390022082892/0001213900-22-082892-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"engagement"},{"label":"Auditor","value":"Sadler, Gibb & Associates, LLC"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}