Home / Auditor changes / Fifth District Bancorp, Inc.

3/5Fifth District Bancorp, Inc. (FDSB): Auditor change

Filed 2025-04-04 路 Form 8-K 路 Accession 0001558370-25-004493 micro

Market data

Price before filing: $12.11 (2025-04-03 close, split/dividend-adjusted)
Market cap at flag: $60.5M (2025-04-04) 路 Latest: $86.8M (2026-10-16)

What happened next

WindowFDSBSPYvs SPY
30 days+2.6%+5.0%-2.4%2025-05-05
90 days+3.3%+16.9%-13.6%2025-07-03
180 days+14.2%+25.3%-11.1%2025-10-01

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: none reported.

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-04 to 2025-05-04. 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"), the holding company for Fifth District Savings Bank (the "Bank"), dismissed Elliott Davis, LLC ("Elliott Davis") as the Company's independent registered public accounting firm."

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: Elliott Davis, PLLC · New auditor: EisnerAmper LLP

Read the original filing on SEC.gov →

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

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