{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-23-007412","form_type":"8-K","ticker":"FKWL","cik":"0000722572","company_name":"FRANKLIN WIRELESS CORP","filed_at":"2023-10-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.823747+00:00","generated_at":"2026-06-09T12:18:49.327333+00:00","sec_items":["4.01","8.01","9.01"],"event_type":"litigation","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Franklin gets $2M jury verdict vs CEO for short-swing trading; replaces auditor","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-23-007412","json":"https://secwatch.observer/filing/0001683168-23-007412.json","markdown":"https://secwatch.observer/filing/0001683168-23-007412.md","text":"https://secwatch.observer/filing/0001683168-23-007412.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/722572/000168316823007412/0001683168-23-007412-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/722572/000168316823007412/franklin_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T12:18:49.327333+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":"3a4b045c701a8cae2516820aca82b8efdb162720","claim":"FRANKLIN WIRELESS CORP engaged Simon & Edward, LLC as its auditor.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/722572/000168316823007412/0001683168-23-007412-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"engagement"},{"label":"Auditor","value":"Simon & Edward, LLC"}],"fact_type":"auditor_change"},{"claim_id":"40d8c2990d575780859359bc2306f3b7c9e7e36a","claim":"FRANKLIN WIRELESS CORP dismissed Kreit & Chiu CPA LLP as its auditor.","evidence_excerpt":"On October 20, 2023, Kreit & Chiu CPA LLP (“K&C”) was dismissed as independent registered public accounting firm for Franklin Wireless Corp.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/722572/000168316823007412/0001683168-23-007412-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"dismissal"},{"label":"Auditor","value":"Kreit & Chiu CPA LLP"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}