{"schema_version":"secwatch.filing_event.v1","accession":"0001451809-24-000007","form_type":"8-K","ticker":"SITM","cik":"0001451809","company_name":"SITIME Corp","filed_at":"2024-01-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.228900+00:00","generated_at":"2026-06-06T18:14:42.565654+00:00","sec_items":["4.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"SiTime restates cash flow statements for Q1-Q3 2023; material weakness identified","bullets":["Interest received on held-to-maturity securities misclassified as investing activity instead of operating; no impact on cash balance, income, or equity.","Restatement affects Q1, Q2, and Q3 2023 quarterly reports; adjustments range from $4.4M to $18.4M across periods.","Management and audit committee deem previously issued cash flow statements no longer reliable as of Jan 22, 2024.","Material weakness in internal control over financial reporting identified for all three quarters; remediation plan to follow.","Amendments to Form 10-Qs for Q1-Q3 2023 will be filed to correct the misclassification."],"urls":{"canonical":"https://secwatch.observer/filing/0001451809-24-000007","json":"https://secwatch.observer/filing/0001451809-24-000007.json","markdown":"https://secwatch.observer/filing/0001451809-24-000007.md","text":"https://secwatch.observer/filing/0001451809-24-000007.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1451809/000145180924000007/0001451809-24-000007-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1451809/000145180924000007/sitm-20240122.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T18:14:42.565654+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":"73003ec87e7328bc3ab4e4612522993f7b890517","claim":"SITIME Corp reported that prior financial statements should not be relied upon.","evidence_excerpt":"On January 22, 2024, management and the audit committee of the board of directors of the Company concluded that, as a result of the Misclassification and in accordance with, Staff Accounting Bulletin No. 99, “Materiality,” the consolidated statements of cash flows in the first three quarters of 2023 were materially misstated and that the Company’s previously issued unaudited financial statements in the Quarterly Reports on Form 10-Q for the periods ended March 31, 2023, June 30, 2023, and September 30, 2023, should no longer be relied upon due to the Misclassification.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1451809/000145180924000007/0001451809-24-000007-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}