Home / Auditor changes / Horizon Kinetics Holding Corp

3/5Horizon Kinetics Holding Corp (HKHC): Auditor change

Filed 2025-04-29 路 Form 8-K 路 Accession 0000950170-25-060072 small

Market data

Price before filing: $34.29 (2025-04-28 close, split/dividend-adjusted)
Market cap at flag: $652.2M (2025-04-29) 路 Latest: $380.2M (2026-10-16)

What happened next

WindowHKHCSPYvs SPY
30 days+17.9%+7.1%+10.8%2025-05-29
90 days+13.0%+16.0%-3.0%2025-07-28
180 days-14.0%+25.1%-39.1%2025-10-27

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Insider trading around this filing

90 days before the flag: no open-market insider sales or purchases reported.
30 days after: 1 insider bought $2K (12 purchases)

DateInsiderTypeSharesPriceValue10b5-1 planSource
2025-04-29: red flag filed
2025-05-21STAHL MURRAY (+1 joint filer)
CEO and CIO, Director, 10% owner
Purchase7$36.75$257noForm 4
2025-05-21STAHL MURRAY (+1 joint filer)
CEO and CIO, Director, 10% owner
Purchase2$36.75$74noForm 4
2025-05-22STAHL MURRAY (+1 joint filer)
CEO and CIO, Director, 10% owner
Purchase8$38.50$308noForm 4
2025-05-22STAHL MURRAY (+1 joint filer)
CEO and CIO, Director, 10% owner
Purchase2$38.50$77noForm 4
2025-05-23STAHL MURRAY (+1 joint filer)
CEO and CIO, Director, 10% owner
Purchase8$41.79$334noForm 4
2025-05-23STAHL MURRAY (+1 joint filer)
CEO and CIO, Director, 10% owner
Purchase2$41.79$84noForm 4
2025-05-27STAHL MURRAY (+1 joint filer)
CEO and CIO, Director, 10% owner
Purchase8$42.00$336noForm 4
2025-05-27STAHL MURRAY (+1 joint filer)
CEO and CIO, Director, 10% owner
Purchase2$42.00$84noForm 4
2025-05-28STAHL MURRAY (+1 joint filer)
CEO and CIO, Director, 10% owner
Purchase8$41.25$330noForm 4
2025-05-28STAHL MURRAY (+1 joint filer)
CEO and CIO, Director, 10% owner
Purchase2$41.25$82noForm 4
2025-05-29STAHL MURRAY (+1 joint filer)
CEO and CIO, Director, 10% owner
Purchase8$41.50$332noForm 4
2025-05-29STAHL MURRAY (+1 joint filer)
CEO and CIO, Director, 10% owner
Purchase2$41.50$83noForm 4

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-29 to 2025-05-29. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.

Verified excerpt

"On April 28, 2025, the Company terminated its relationship with Marcum as the Company's independent registered public accounting firm and, with the approval of the Audit Committee of the Company's Board of Directors, engaged CBIZ CPAs on April 28, 2025 as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025."

Quoted from the filing. Source

What this means

The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.

Type: changed
Disagreements reported: no
Former auditor: Marcum LLP · New auditor: CBIZ CPAs P.C.

Read the original filing on SEC.gov →

Not investment advice. Automated summary; verify against the filing.

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