Home / Auditor changes / WhiteHorse Finance, Inc.

3/5WhiteHorse Finance, Inc. (WHF): Auditor change

Filed 2026-03-04 路 Form 8-K 路 Accession 0001104659-26-023450 micro

Market data

Price before filing: $6.14 (2026-03-03 close, split/dividend-adjusted)
Market cap at flag: $157.4M (2026-03-04) 路 Latest: $163.1M (2026-10-16)

What happened next

WindowWHFSPYvs SPY
30 days+15.1%-2.9%+18.0%2026-04-06
90 days+8.5%+12.0%-3.5%2026-06-02
180 days+11.2%+13.3%-2.1%2026-08-31

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: 1 insider sold $7K (1 sale); 3 insiders bought $310K (7 purchases)
30 days after: 3 insiders bought $308K (10 purchases)

DateInsiderTypeSharesPriceValue10b5-1 planSource
2025-12-22Aronson Stuart D
Chief Executive Officer, Director
Purchase10,000$6.90$69KnoForm 4
2025-12-23Aronson Stuart D
Chief Executive Officer, Director
Purchase7,000$6.80$48KnoForm 4
2025-12-23BOLDUC JOHN
Director
Purchase7,100$6.99$50KnoForm 4
2025-12-23BOLDUC JOHN
Director
Purchase7,100$7.00$50KnoForm 4
2025-12-23Volpe John Paul
Director
Sale1,000$6.82$7KnoForm 4
2025-12-24BOLDUC JOHN
Director
Purchase4,613$6.99$32KnoForm 4
2025-12-24BOLDUC JOHN
Director
Purchase4,361$6.99$30KnoForm 4
2025-12-24Thomas Joyson
Chief Financial Officer
Purchase4,502$7.01$32KnoForm 4
2026-03-04: red flag filed
2026-03-05BOLDUC JOHN
Director
Purchase4,196$7.11$30KnoForm 4
2026-03-05BOLDUC JOHN
Director
Purchase4,196$7.12$30KnoForm 4
2026-03-06BOLDUC JOHN
Director
Purchase4,138$7.25$30KnoForm 4
2026-03-12BOLDUC JOHN
Director
Purchase4,195$7.14$30KnoForm 4
2026-03-13BOLDUC JOHN
Director
Purchase4,195$7.14$30KnoForm 4
2026-03-13Volpe John Paul
Director
Purchase1,000$7.18$7KnoForm 4
2026-03-16BOLDUC JOHN
Director
Purchase4,195$7.12$30KnoForm 4
2026-03-16BOLDUC JOHN
Director
Purchase4,195$7.13$30KnoForm 4
2026-03-20Aronson Stuart D
Chief Executive Officer, Director
Purchase5,000$7.10$36KnoForm 4
2026-03-23Aronson Stuart D
Chief Executive Officer, Director
Purchase8,000$6.95$56KnoForm 4

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-12-04 to 2026-04-03. 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"), at the recommendation of the audit committee of the Company (the "Audit Committee"), dismissed Crowe LLP ("Crowe") as the Company's independent registered public accounting firm effective upon the issuance of the Company's financial statements as of and for the fiscal year ended 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: dismissed
Disagreements reported: no
Former auditor: Crowe LLP · New auditor: Deloitte & Touche LLP

Read the original filing on SEC.gov →

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

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