--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-24-099394" form_type: "8-K" ticker: null cik: "0001835972" company_name: "iLearningEngines, Inc." filed_at: "2024-11-18T23:59:59+00:00" generated_at: "2026-05-29T23:12:39.678829+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 0.9 calibrated_materiality_score: 0.9 confidence: "high" source: SEC EDGAR --- # iLearningEngines discloses cyber incident, financial restatement, and CFO change ## Summary - Threat actor accessed network, misdirected $250,000 wire payment, and deleted emails; wire not recovered. - Audit committee determined financial statements from 2021-2024 (including Super 8-K and S-4) should no longer be relied upon. - CFO S. Farhan Naqvi placed on administrative leave; Bonnie-Jeanne Gerety appointed Interim CFO. - SEC Division of Enforcement issued subpoena on October 17, 2024; company cooperating. - Thomas Olivier appointed Interim COO on November 15, 2024. ## SEC filing metadata - accession: 0001213900-24-099394 - form_type: 8-K - cik: 0001835972 - company_name: iLearningEngines, Inc. - filed_at: 2024-11-18T23:59:59+00:00 - event_type: other_material - sentiment: negative - materiality_score: 0.9 - calibrated_materiality_score: 0.9 - confidence: high - sec_items: 1.05, 4.02, 5.02, 8.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1835972/000121390024099394/0001213900-24-099394-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1835972/000121390024099394/ea0221424-8k_ilearning.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-24-099394 - JSON: https://secwatch.observer/filing/0001213900-24-099394.json - Plain text: https://secwatch.observer/filing/0001213900-24-099394.txt ## Key facts - Auditor Changes iLearningEngines, Inc. reported that prior financial statements should not be relied upon. - Action: non reliance - Auditor: Marcum LLP source text: On November 15, 2024, acting based on information identified by the Audit Committee during the course of the Special Committee’s investigation, Marcum LLP (“ Marcum ”), the Company’s independent registered public accounting firm, informed the Audit Committee of its conclusion that its reports, dated April 22, 2024 and September 1, 2023, on the Company’s previously issued consolidated financial statements as of December 31, 2023 and 2022 and for each of the three years in the period ended December 31, 2023 and as of December 31, 2022 and 2021 and for each of the three years in the period ended December 31, 2022, respectively, should no longer be relied upon. evidence_url: https://www.sec.gov/Archives/edgar/data/1835972/000121390024099394/0001213900-24-099394-index.htm - Cybersecurity Incidents iLearningEngines, Inc. disclosed a cybersecurity incident: A threat actor illegally accessed the Company’s environment and certain files on its network, misdirected a $250,000 wire payment, and deleted a number of email messages. Impact: The Company believes the cybersecurity incident will have a material impact on its operations during the quarter ended December 31, 2024 but does not expect the incident to have a material impact on full year 2024 results. Company determined it material. Discovered 2024-12-31. - Nature: A threat actor illegally accessed the Company’s environment and certain files on its network, misdirected a $250,000 wire payment, and deleted a number of email messages. - Impact: The Company believes the cybersecurity incident will have a material impact on its operations during the quarter ended December 31, 2024 but does not expect the incident to have a material impact on full year 2024 results. - Materiality: determined material - Discovery: 2024-12-31 source text: Based on the information available to date, the Company believes that the cybersecurity incident will have a material impact on its operations during the quarter ended December 31, 2024 but does not expect the incident to have a material impact on full year 2024 results. evidence_url: https://www.sec.gov/Archives/edgar/data/1835972/000121390024099394/0001213900-24-099394-index.htm - Executive change Bonnie-Jeanne Gerety was appointed as Interim Chief Financial Officer at iLearningEngines, Inc.. - Action: appointed - Role: Interim Chief Financial Officer source text: the Board appointed Bonnie-Jeanne Gerety to serve as the Company’s Interim Chief Financial Officer and principal financial officer. evidence_url: https://www.sec.gov/Archives/edgar/data/1835972/000121390024099394/0001213900-24-099394-index.htm - Executive change S. Farhan Naqvi was appointed as Senior Vice President – Corporate Development at iLearningEngines, Inc.. - Action: appointed - Role: Senior Vice President – Corporate Development source text: the Board determined to place S. Farhan Naqvi on administrative leave from his position as Chief Financial Officer of the Company, effective immediately. Subsequently, the Board determined to appoint Mr. Naqvi as the Company’s Senior Vice President – Corporate Development. evidence_url: https://www.sec.gov/Archives/edgar/data/1835972/000121390024099394/0001213900-24-099394-index.htm - Executive change Thomas Olivier was appointed as Interim Chief Operating Officer at iLearningEngines, Inc.. - Action: appointed - Role: Interim Chief Operating Officer source text: the Board appointed Thomas Olivier to serve as the Company’s Interim Chief Operating Officer. evidence_url: https://www.sec.gov/Archives/edgar/data/1835972/000121390024099394/0001213900-24-099394-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.