---
schema_version: "secwatch.filing_event.v1"
accession: "0001880319-23-000023"
form_type: "8-K"
ticker: "PRM"
cik: "0001880319"
company_name: "Perimeter Solutions, Inc."
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T22:51:54.237313+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Perimeter Solutions restates Q2 and Q3 2022 financials due to accounting errors; material weakness in internal controls

## Summary
- Audit committee determined non-reliance on unaudited financials for June 30, 2022 and Sept 30, 2022 due to errors in share-based compensation and inventory step-up amortization.
- Errors overstated non-cash expenses; no impact on revenue, cash, financial covenants, or Adjusted EBITDA.
- Company will restate financials in 2022 Form 10-K, expected by March 1, 2023.
- Material weakness in internal controls over financial reporting identified; disclosure controls ineffective as of Dec 31, 2022.
- Immaterial errors for Q1 2022 and Dec 2021 periods will also be revised in the 10-K.

## SEC filing metadata
- accession: 0001880319-23-000023
- form_type: 8-K
- ticker: PRM
- cik: 0001880319
- company_name: Perimeter Solutions, Inc.
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1880319/000188031923000023/0001880319-23-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1880319/000188031923000023/prm-20230228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001880319-23-000023
- JSON: https://secwatch.observer/filing/0001880319-23-000023.json
- Plain text: https://secwatch.observer/filing/0001880319-23-000023.txt

## Key facts
- Auditor Changes
  Perimeter Solutions, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: BDO USA LLP
  source text: On February 22, 2023, the audit committee of the Board of Directors (the “Audit Committee”) of Perimeter Solutions, SA (the “Company”), in consultation with the Company’s management and BDO USA LLP, the Company’s independent registered public accounting firm, determined that the Company’s previously issued unaudited condensed consolidated financial statements for the periods ended June 30, 2022 and September 30, 2022 should no longer be relied upon due to an error related to the accounting treatment of the Company’s non-cash share-based compensation awards and an error related to non-cash amortization of the step-up in basis of inventory.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1880319/000188031923000023/0001880319-23-000023-index.htm

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