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3/58X8 INC /DE/ (EGHT): Auditor change

Filed 2025-06-05 路 Form 8-K 路 Accession 0001023731-25-000045 micro

Market data

Price before filing: $1.75 (2025-06-04 close, split/dividend-adjusted)
Market cap at flag: $238.6M (2025-06-05) 路 Latest: $275.4M (2026-10-16)

What happened next

WindowEGHTSPYvs SPY
30 days+17.7%+4.5%+13.3%2025-07-07
90 days+13.1%+8.3%+4.8%2025-09-03
180 days+10.3%+15.0%-4.7%2025-12-02

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: 2 insiders sold $677K (7 sales)
30 days after: 2 insiders sold $566K (3 sales)

DateInsiderTypeSharesPriceValue10b5-1 planSource
2025-03-17Kraus Kevin
Chief Financial Officer
Sale1,000$2.19$2KyesForm 4
2025-03-19SYLEBRA CAPITAL LLC (+1 joint filer)
10% owner
Sale100,000$2.23$223KnoForm 4
2025-03-20SYLEBRA CAPITAL LLC (+1 joint filer)
10% owner
Sale52,149$2.19$114KnoForm 4
2025-03-21SYLEBRA CAPITAL LLC (+1 joint filer)
10% owner
Sale50,000$2.14$107KnoForm 4
2025-03-24SYLEBRA CAPITAL LLC (+1 joint filer)
10% owner
Sale101,678$2.23$227KnoForm 4
2025-04-15Kraus Kevin
Chief Financial Officer
Sale1,000$1.67$2KyesForm 4
2025-05-15Kraus Kevin
Chief Financial Officer
Sale1,000$1.81$2KyesForm 4
2025-06-05: red flag filed
2025-06-11SYLEBRA CAPITAL LLC (+1 joint filer)
10% owner
Sale200,000$1.84$368KnoForm 4
2025-06-12SYLEBRA CAPITAL LLC (+1 joint filer)
10% owner
Sale103,826$1.79$186KnoForm 4
2025-06-18Burton Andrew F.
Director
Sale6,644$1.85$12KyesForm 4

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-03-07 to 2025-07-05. 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

"(the "Company") dismissed Moss Adams LLP ("Moss Adams") as the Company's independent registered public accounting firm and appointed Grant Thornton LLP ("Grant Thornton") as the Company's independent registered public accounting firm, effective the same date."

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: dismissed
Disagreements reported: no
Former auditor: Moss Adams LLP · New auditor: Grant Thornton LLP

Read the original filing on SEC.gov →

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

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