FRANKLIN WIRELESS CORP (FKWL): auditor change — Franklin gets $2M jury verdict vs CEO for short-swing trading; replaces auditor

FRANKLIN WIRELESS CORP

Jury returned $2M verdict in favor of Franklin Wireless against CEO O.C. Kim for short-swing profit violations.
CEO Kim has filed notice of intent to appeal the verdict.
Auditor Kreit & Chiu dismissed; no disagreements or reportable events in fiscal 2022 and 2023.
Simon & Edward, LLC engaged as new independent auditor for FY ending June 30, 2024.

item 4.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

FRANKLIN WIRELESS CORP engaged Simon & Edward, LLC as its auditor.

Action: engagement
Auditor: Simon & Edward, LLC

Exact text from the filing

On October 20, 2023, the Company engaged Simon & Edward, LLC as the Company's independent registered public accounting firm for the fiscal year ending June 30, 2024.

View on SEC.gov

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

FRANKLIN WIRELESS CORP dismissed Kreit & Chiu CPA LLP as its auditor.

Action: dismissal
Auditor: Kreit & Chiu CPA LLP

Exact text from the filing

On October 20, 2023, Kreit & Chiu CPA LLP (“K&C”) was dismissed as independent registered public accounting firm for Franklin Wireless Corp.

View on SEC.gov

15 auditor changes filed in the last 30 days. Browse all auditor changes →

FRANKLIN WIRELESS CORP filing history →

Source: SEC EDGAR

accession 0001683168-23-007412

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.