secwatch.observer — SEC 8-K summary
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Issuer:     Norris Industries, Inc. (NRIS)
CIK:        0001603793
Form:       8-K
Filed at:   2026-02-13T23:59:59+00:00
Accession:  0001493152-26-006597
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud

Norris Industries Dismisses BDO USA as Auditor Following Disagreement on Preferred Stock Classification
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603793/000149315226006597/0001493152-26-006597-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603793/000149315226006597/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-006597

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