---
schema_version: "secwatch.filing_event.v1"
accession: "0001367644-23-000193"
form_type: "8-K"
ticker: "EBS"
cik: "0001367644"
company_name: "Emergent BioSolutions Inc."
filed_at: "2023-11-16T23:59:59+00:00"
generated_at: "2026-06-08T01:01:05.650229+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Emergent BioSolutions to restate 2022 financials after $11.7M tax error; ICFR material weakness

## Summary
- Audit Committee concluded 2022 audited financials no longer reliable due to $11.7M understatement of income tax benefit.
- Error in net state deferred tax liability calculation; non-cash item impacting 2022 results.
- Material weakness in internal control over financial reporting identified; management's report and EY opinion no longer reliable.
- Company will restate 2022 financials via amended 10-K and file delayed Q3 2023 10-Q as soon as practicable.
- Previously filed Form 12b-25 on Nov 9, 2023 for delayed Q3 report.

## SEC filing metadata
- accession: 0001367644-23-000193
- form_type: 8-K
- ticker: EBS
- cik: 0001367644
- company_name: Emergent BioSolutions Inc.
- filed_at: 2023-11-16T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1367644/000136764423000193/0001367644-23-000193-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1367644/000136764423000193/ebs-20231116.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001367644-23-000193
- JSON: https://secwatch.observer/filing/0001367644-23-000193.json
- Plain text: https://secwatch.observer/filing/0001367644-23-000193.txt

## Key facts
- Auditor Changes
  Emergent BioSolutions Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: should no longer be relied upon due to certain errors in the calculation and review of the Company's net state deferred tax liability
  evidence_url: https://www.sec.gov/Archives/edgar/data/1367644/000136764423000193/0001367644-23-000193-index.htm

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