---
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"
generated_at: "2026-05-20T05:25:47.517203+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Xcel Brands replaces Marcum with CBIZ CPAs as auditor; 2024 report had going concern note

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 4.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-008247
- JSON: https://secwatch.observer/filing/0001558370-25-008247.json
- Plain text: https://secwatch.observer/filing/0001558370-25-008247.txt

## Key facts
- Auditor Changes
  Marcum LLP resigned as auditor of XCel Brands, Inc..
  - Action: resignation
  - Auditor: Marcum LLP
  - Successor: CBIZ CPAs P.C.
  source text: On May 27, 2025, Marcum resigned as the independent registered public accounting firm of Xcel Brands, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083220/000155837025008247/0001558370-25-008247-index.htm
- Auditor Changes
  XCel Brands, Inc. engaged CBIZ CPAs P.C. as its auditor.
  - Action: engagement
  - Auditor: CBIZ CPAs P.C.
  source text: CBIZ CPAs was engaged as the Company’s independent registered public accounting firm for the year ending December 31, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083220/000155837025008247/0001558370-25-008247-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.