Home / Auditor changes / Beacon Financial Corp
Filed 2025-09-10 路 Form 8-K 路 Accession 0001104659-25-089092 mid
Price before filing: $25.19 (2025-09-09 close, split/dividend-adjusted)
Market cap at flag: $2.29B (2025-09-10) 路 Latest: $2.30B (2026-10-16)
| Window | BBT | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -9.5% | +0.7% | -10.2% | 2025-10-10 |
| 90 days | -1.1% | +5.3% | -6.4% | 2025-12-09 |
| 180 days | +13.1% | +4.9% | +8.2% | 2026-03-09 |
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.
90 days before the flag: no open-market insider sales or purchases reported.
30 days after: 1 insider sold $26K (1 sale)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-09-10: red flag filed | |||||||
| 2025-09-12 | Hill Willard I JR Director | Sale | 1,000 | $25.96 | $26K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-06-12 to 2025-10-10. 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.
"A copy of Crowe's letter, dated September 10, 2025, is filed as Exhibit 16.1 to this Current Report on Form 8-K. Appointment of Independent Registered Public Accounting Firm As noted above, on September 8, 2025, the Audit Committee of the Board of Directors of the Company appointed KPMG as the Company's independent registered public accounting firm for the fiscal year ended December 31, 2025."
Quoted from the filing. Source
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: routine (post-merger auditor consolidation)
Disagreements reported: no
Former auditor: Crowe LLP · New auditor: KPMG LLP
Why this score: routine: auditor replaced after company merger/SPAC deal
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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