8-K
filed February 13, 2026, 6:59 PM ET
ticker NRIS
CIK 0001603793
other material
confidence high
sentiment negative
materiality 0.90
Norris Industries Dismisses BDO USA as Auditor Following Disagreement on Preferred Stock Classification
Norris Industries, Inc.
- Board dismissed BDO USA, P.C. as independent auditor effective Feb 9, 2026; BDO had not issued any audit report for the company.
- Disagreement with BDO centered on whether Series A Convertible Preferred Stock should be classified as permanent or temporary equity.
- Prior auditor HORNE LLP's partners and staff joined BDO on Nov 1, 2025; HORNE's past reports were unqualified.
- Company identified material weaknesses including lack of accounting expertise, no independent audit committee, and insufficient segregation of duties.
- Company has not yet engaged a new independent registered public accounting firm as of the filing date.
Machine-readable event card
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- 0001603793
- company_name
- Norris Industries, Inc.
- filed_at
- 2026-02-13T23:59:59+00:00
- discovered_at
- 2026-05-14T18:02:35.608294+00:00
- generated_at
- 2026-05-16T02:47:15.528948+00:00
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- ["4.01", "9.01"]
- event_type
- other_material
- sentiment
- negative
- materiality_score
- 0.9
- calibrated_materiality_score
- 0.9
- confidence
- high
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- https://secwatch.observer/filing/0001493152-26-006597
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- https://secwatch.observer/filing/0001493152-26-006597.txt
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- https://www.sec.gov/Archives/edgar/data/1603793/000149315226006597/0001493152-26-006597-index.htm
- edgar_primary_document_url
- https://www.sec.gov/Archives/edgar/data/1603793/000149315226006597/form8-k.htm
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