8-K: 8x8, Inc. Appoints Grant Thornton as New Independent Auditor, Replaces Moss Adams

8x8, Inc. announced the dismissal of Moss Adams LLP and the appointment of Grant Thornton LLP as its new independent registered public accounting firm, effective June 2, 2025, with no reported disagreements or reportable events with the former auditor.

Summary

• On June 2, 2025, 8x8, Inc.'s Audit Committee dismissed Moss Adams LLP as its independent registered public accounting firm.
• Effective the same date, Grant Thornton LLP was appointed as the Company's new independent registered public accounting firm.
• Moss Adams' audit reports for fiscal years ended March 31, 2025, and March 31, 2024, did not contain any adverse opinions, disclaimers, qualifications, or modifications.
• There were no disagreements or reportable events between 8x8, Inc. and Moss Adams during fiscal 2024, fiscal 2025, or the subsequent interim period through the dismissal date, as defined by Regulation S-K.
• The Company did not consult Grant Thornton regarding accounting principles or audit opinions that were a significant factor in decision-making prior to their appointment.
• Moss Adams LLP confirmed their agreement with the statements made by 8x8, Inc. in the Form 8-K regarding their dismissal in a letter dated June 5, 2025.

Sentiment

Score: 7

Explanation: The sentiment is positive because the change in auditor occurred without any reported disagreements or reportable events, and the previous auditor's reports were clean. This indicates a smooth and routine transition, which is a good sign for corporate governance and financial transparency.

Positives

• The dismissal of Moss Adams LLP was not due to any disagreements on accounting principles, financial statement disclosure, or auditing scope/procedure, nor were there any reportable events, indicating a smooth transition.
• Moss Adams' audit reports for fiscal 2024 and 2025 were clean, with no adverse opinions, disclaimers, or qualifications, suggesting sound financial reporting practices prior to the change.

Risks

• While the filing states no disagreements, any change in a company's independent auditor can sometimes raise questions among investors, though this filing explicitly mitigates such concerns by detailing the lack of issues.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding financial performance or strategic direction, focusing solely on the change in the independent registered public accounting firm.

Management Comments

• Kevin Kraus, Chief Financial Officer (Principal Financial Officer), signed the report on behalf of 8x8, Inc.

Industry Context

Changes in independent auditors are a routine part of corporate governance, often occurring due to competitive bidding, rotation policies, or strategic alignment. The absence of reported disagreements or reportable events in this filing suggests a standard transition rather than one prompted by significant financial or accounting issues, which aligns with best practices for maintaining auditor independence and fresh perspectives.

Corporate Governance

Stakeholder Impact

• Shareholders: The change in auditor, without any reported issues, provides assurance of continued independent financial oversight and transparency.
• Management: Will work with a new auditing firm, requiring a transition period for familiarization with company processes and personnel.

Next Steps

• Grant Thornton LLP will now serve as 8x8, Inc.'s independent registered public accounting firm for future financial audits.

Key Dates

Keywords

8x8 Inc., EGHT, Auditor Change, Independent Public Accounting Firm, Moss Adams LLP, Grant Thornton LLP, SEC Filing, Form 8-K, Corporate Governance, Financial Reporting