{"schema_version":"secwatch.filing_event.v1","accession":"0001715768-23-000056","form_type":"8-K","ticker":null,"cik":"0001715768","company_name":"Transphorm, Inc.","filed_at":"2023-07-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.961494+00:00","generated_at":"2026-06-13T11:58:58.789257+00:00","sec_items":["4.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Transphorm dismisses Marcum, hires KPMG as auditor; prior report had going concern doubt","bullets":["Audit committee dismissed Marcum LLP and engaged KPMG LLP as independent auditor, effective June 29, 2023.","Marcum's FY23 audit report included an explanatory paragraph expressing substantial doubt about Transphorm's ability to continue as a going concern.","No disagreements or reportable events with Marcum, except previously disclosed material weakness in internal controls.","Material weakness relates to insufficient finance staffing, impacting inventory, joint venture accounting, revenue, and other areas."],"urls":{"canonical":"https://secwatch.observer/filing/0001715768-23-000056","json":"https://secwatch.observer/filing/0001715768-23-000056.json","markdown":"https://secwatch.observer/filing/0001715768-23-000056.md","text":"https://secwatch.observer/filing/0001715768-23-000056.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1715768/000171576823000056/0001715768-23-000056-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1715768/000171576823000056/tgan-20230629.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T11:58:58.789257+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":"8b2453b80a35d951bcfc81df1638a1300c97cbd6","claim":"Transphorm, Inc. dismissed Marcum LLP as its auditor.","evidence_excerpt":"(a) Dismissal of Independent Registered Public Accounting Firm On June 29, 2023, the Audit Committee of the Board of Directors (the “Audit Committee”) of Transphorm, Inc. (the “Company”) dismissed Marcum LLP (“Marcum”) as the Company’s independent registered public accounting firm.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1715768/000171576823000056/0001715768-23-000056-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"dismissal"},{"label":"Auditor","value":"Marcum LLP"},{"label":"Successor","value":"KPMG LLP"}],"fact_type":"auditor_change"},{"claim_id":"8cdf1457ecba7a3699d82cbf544be417bc10372d","claim":"Transphorm, Inc. engaged KPMG LLP as its auditor.","evidence_excerpt":"(b) Engagement of Independent Registered Public Accounting Firm Also on June 29, 2023, following a competitive request-for-proposal process, the Audit Committee approved the engagement of KPMG LLP (“KPMG”) as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2024, effective immediately.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1715768/000171576823000056/0001715768-23-000056-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"engagement"},{"label":"Auditor","value":"KPMG LLP"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}