---
schema_version: "secwatch.filing_event.v1"
accession: "0001706946-23-000019"
form_type: "8-K"
ticker: "SPCE"
cik: "0001706946"
company_name: "Virgin Galactic Holdings, Inc"
filed_at: "2023-03-07T23:59:59+00:00"
generated_at: "2026-06-18T09:51:11.740733+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Virgin Galactic appoints Ernst & Young as auditor, replaces KPMG

## Summary
- Audit Committee dismissed KPMG and engaged E&Y as independent auditor for FY 2023, effective March 2, 2023.
- KPMG's reports on FY 2021 and 2022 were unqualified; no disagreements with management on accounting matters.
- Prior material weakness in internal controls over warrant liabilities (disclosed in 2020 10-K/A) was remediated in Q3 2021.
- No consultations with E&Y before engagement on accounting or auditing issues.

## SEC filing metadata
- accession: 0001706946-23-000019
- form_type: 8-K
- ticker: SPCE
- cik: 0001706946
- company_name: Virgin Galactic Holdings, Inc
- filed_at: 2023-03-07T23:59:59+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/1706946/000170694623000019/0001706946-23-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1706946/000170694623000019/spce-20230302.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001706946-23-000019
- JSON: https://secwatch.observer/filing/0001706946-23-000019.json
- Plain text: https://secwatch.observer/filing/0001706946-23-000019.txt

## Key facts
- Auditor Changes
  Virgin Galactic Holdings, Inc engaged Ernst & Young LLP as its auditor.
  - Action: engagement
  - Auditor: Ernst & Young LLP
  source text: On March 2, 2023, the Audit Committee (the "Committee") of the Board of Directors of Virgin Galactic Holdings, Inc. (the "Company") approved the engagement of Ernst & Young LLP ("E&Y") as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1706946/000170694623000019/0001706946-23-000019-index.htm
- Auditor Changes
  Virgin Galactic Holdings, Inc dismissed KPMG LLP as its auditor.
  - Action: dismissal
  - Auditor: KPMG LLP
  - Successor: Ernst & Young LLP
  source text: On March 2, 2023, the Committee dismissed KPMG LLP ("KPMG") as the Company's independent registered public accounting firm, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1706946/000170694623000019/0001706946-23-000019-index.htm

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