secwatch.observer — SEC 8-K summary
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Issuer:     Lovesac Co (LOVE)
CIK:        0001701758
Form:       8-K
Filed at:   2022-07-22T23:59:59+00:00
Accession:  0001628280-22-019307
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lovesac replaces auditor Marcum with Deloitte; discloses material weakness in IT controls
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- Marcum LLP dismissed as independent auditor on July 21, 2022; Deloitte & Touche LLP appointed for FY 2023.
- No disagreements on accounting principles or audit scope with Marcum during fiscal years 2021-2022.
- Marcum reported a material weakness in internal controls: inadequate IT general controls affecting data integrity.
- Audit reports for FY 2021 and 2022 were unqualified except for the material weakness footnote in 2022.
- Company authorized Marcum to respond fully to Deloitte's inquiries regarding the material weakness.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1701758/000162828022019307/0001628280-22-019307-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1701758/000162828022019307/love-20220721.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-019307

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