secwatch.observer — SEC 8-K summary
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Issuer:     Beam Global (BEEM)
CIK:        0001398805
Form:       8-K
Filed at:   2024-01-09T23:59:59+00:00
Accession:  0001683168-24-000135
Event type: other_material
Sentiment:  negative
Materiality: 0.55
Item codes: 4.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beam Global dismisses auditor RSM; former CFO McDermott to consult at $225/hr
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- Dismissed RSM US LLP as independent auditor on Jan 3, 2024; new auditor search underway.
- No accounting disagreements, but material weaknesses in inventory control (FY 2021-2022) and purchase price valuation (Q1 2022) were noted.
- Former CFO Kathy McDermott entered consulting agreement effective Jan 1, 2024 at $225 per hour, ending March 31, 2024.
- Consulting role supports current CFO on an as-needed basis; extension requires mutual agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1398805/000168316824000135/0001683168-24-000135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1398805/000168316824000135/beam_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-000135

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer