---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-24-000436"
form_type: "8-K"
ticker: "IOR"
cik: "0000949961"
company_name: "INCOME OPPORTUNITY REALTY INVESTORS INC /TX/"
filed_at: "2024-01-08T23:59:59+00:00"
generated_at: "2026-06-07T02:49:30.588817+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Auditor Swalm resigns due to retirement; no adverse opinions ever issued

## Summary
- Swalm & Associates resigned effective Jan 2, 2024, citing retirement of principal Edward S. Swalm.
- Swalm had been IOR's independent auditor since 2004 through fiscal 2022; approved for 2023 at Dec 13, 2023 annual meeting.
- Swalm's reports on IOR's financials for prior two fiscal years were unqualified with no adverse or disclaimer opinions.
- Swalm agreed with the Company's disclosures in the 8-K and will cooperate with IOR's new independent accountants.
- IOR will select a successor independent registered public accounting firm.

## SEC filing metadata
- accession: 0001214659-24-000436
- form_type: 8-K
- ticker: IOR
- cik: 0000949961
- company_name: INCOME OPPORTUNITY REALTY INVESTORS INC /TX/
- filed_at: 2024-01-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/949961/000121465924000436/0001214659-24-000436-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/949961/000121465924000436/o182448k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-24-000436
- JSON: https://secwatch.observer/filing/0001214659-24-000436.json
- Plain text: https://secwatch.observer/filing/0001214659-24-000436.txt

## Key facts
- Auditor Changes
  Swalm & Associates P. C. resigned as auditor of INCOME OPPORTUNITY REALTY INVESTORS INC /TX/.
  - Action: resignation
  - Auditor: Swalm & Associates P. C.
  source text: , 2024, Swalm & Associates P. C. (“Swalm”) notified the Audit Committee Chairman and the Chief Financial Officer of Income Opportunity Realty Investors, Inc. (the “Company” or the “Issuer” or “IOR”) that effective immediately Swalm was ceasing its services as independent registered public accountants for IOR, a decision due to the upcoming retirement of the principal of Swalm, Edward S. Swalm, CPA. The notice has the effect of a resignation and advises that Swalm will cooperate with IOR’s
  evidence_url: https://www.sec.gov/Archives/edgar/data/949961/000121465924000436/0001214659-24-000436-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.