{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-25-008247","form_type":"8-K","ticker":"XELB","cik":"0001083220","company_name":"XCel Brands, Inc.","filed_at":"2025-05-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.450572+00:00","generated_at":"2026-05-20T05:25:47.517203+00:00","sec_items":["4.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Xcel Brands replaces Marcum with CBIZ CPAs as auditor; 2024 report had going concern note","bullets":["Marcum LLP resigned as independent auditor effective May 27, 2025, due to acquisition of its attest business by CBIZ CPAs.","Audit Committee approved engagement of CBIZ CPAs as successor auditor for fiscal year ending Dec 31, 2025.","No disagreements with Marcum on accounting principles or audit scope during 2023, 2024, or subsequent interim period.","Marcum's 2024 audit report included an explanatory paragraph about substantial doubt as a going concern, previously disclosed.","Material weaknesses as of Dec 31, 2024 were noted but no other reportable events."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-25-008247","json":"https://secwatch.observer/filing/0001558370-25-008247.json","markdown":"https://secwatch.observer/filing/0001558370-25-008247.md","text":"https://secwatch.observer/filing/0001558370-25-008247.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1083220/000155837025008247/0001558370-25-008247-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1083220/000155837025008247/xelb-20250527x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T05:25:47.517203+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":"6e570d8633c3929edf8e1c1409c1f66df9713bcc","claim":"Marcum LLP resigned as auditor of XCel Brands, Inc..","evidence_excerpt":"On May 27, 2025, Marcum resigned as the independent registered public accounting firm of Xcel Brands, Inc.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1083220/000155837025008247/0001558370-25-008247-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"resignation"},{"label":"Auditor","value":"Marcum LLP"},{"label":"Successor","value":"CBIZ CPAs P.C."}],"fact_type":"auditor_change"},{"claim_id":"c00e18dfd147e96c9a22dd967533fbe675591fbd","claim":"XCel Brands, Inc. engaged CBIZ CPAs P.C. as its auditor.","evidence_excerpt":"CBIZ CPAs was engaged as the Company’s independent registered public accounting firm for the year ending December 31, 2025.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1083220/000155837025008247/0001558370-25-008247-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"engagement"},{"label":"Auditor","value":"CBIZ CPAs P.C."}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}