secwatch.observer — SEC 8-K summary
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Issuer:     Legacy Housing Corp (LEGH)
CIK:        0001436208
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0001558370-22-012797
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Legacy Housing dismisses auditor Weaver, appoints Daszkal; discloses material weaknesses in internal controls
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- Audit Committee dismissed Weaver and Tidwell, LLP as independent auditor on August 5, 2022; replaced with Daszkal Bolton LLP.
- Weaver's report for FY2021 was unqualified; no disagreements or reportable events occurred.
- Material weaknesses in internal control over financial reporting identified: revenue recognition, accounts payable, prepaid expenses, inventory costing, IT controls.
- Competitive bidding process led to engagement of Daszkal for 2022 audit.
- Weaver provided SEC letter agreeing with disclosures (Exhibit 16.1).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1436208/000155837022012797/0001558370-22-012797-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1436208/000155837022012797/legh-20220805x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-012797

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