DEFA14A: Eventbrite Announces Auditor Merger, Appoints Baker Tilly as Successor Firm

Eventbrite, Inc. announced that its independent registered public accounting firm, Moss Adams LLP, merged with Baker Tilly US, LLP, leading to Baker Tilly's appointment as Eventbrite's new auditor.

Summary

• Eventbrite, Inc. filed a Supplement to its Proxy Statement on June 3, 2025, for the Annual Meeting of Stockholders scheduled for Thursday, June 5, 2025.
• The purpose of this Supplement is to inform stockholders about the merger of the Company's independent registered public accounting firm, Moss Adams LLP, with Baker Tilly US, LLP, effective June 3, 2025.
• Following the merger, Moss Adams LLP resigned as the Company's auditors, and the Audit Committee of the Board approved the appointment of Baker Tilly US, LLP as the successor independent registered public accounting firm.
• Moss Adams' audit reports on Eventbrite's consolidated financial statements as of December 31, 2024, and 2023, and internal control over financial reporting as of December 31, 2024, did not contain an adverse opinion, disclaimer of opinion, or any qualifications or modifications.
• During the years ended December 31, 2024, and 2023, and the subsequent interim period through June 3, 2025, there were no disagreements with Moss Adams on accounting principles, financial statement disclosure, or auditing scope/procedure, nor were there any reportable events.
• Eventbrite did not consult with Baker Tilly regarding accounting principles or audit opinions prior to their appointment.
• Stockholders' votes 'For' Proposal No. 2 (ratification of Moss Adams LLP) will now be considered a vote 'For' ratification of Baker Tilly US, LLP as the successor accounting firm, and a vote 'Against' will be considered a vote 'Against' Baker Tilly. Abstentions will have the same effect as a vote 'Against' the proposal.

Sentiment

Score: 7

Explanation: The document reports a routine administrative change in the company's independent auditor due to a merger. It explicitly states no disagreements or issues with the previous auditor's work, indicating good corporate governance and a smooth transition, which is a positive sign for compliance and transparency.

Positives

• Moss Adams' audit reports for fiscal years ended December 31, 2024, and 2023, and internal control over financial reporting for December 31, 2024, were clean, with no adverse opinions, disclaimers, qualifications, or modifications.
• There were no reported disagreements with Moss Adams on any accounting principles, practices, financial statement disclosure, or auditing scope or procedure.
• No reportable events requiring disclosure were identified during the specified periods, indicating a smooth audit history.
• The transition to Baker Tilly appears administrative and without underlying financial or accounting issues, as no prior consultations with Baker Tilly regarding accounting principles or audit opinions were made.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the company's financial performance or strategic direction.

Management Comments

• The Audit Committee of the Board approved the appointment of Baker Tilly US, LLP as the successor to Moss Adams LLP as the Company's independent registered public accounting firm.

Industry Context

The merger of accounting firms is a common occurrence in the professional services industry. This administrative change in Eventbrite's auditor reflects a consolidation within the auditing sector rather than a specific operational or financial event related to Eventbrite's core business. It ensures Eventbrite maintains compliance with regulatory audit requirements.

Corporate Governance

Stakeholder Impact

• Shareholders: Their vote on Proposal No. 2 at the Annual Meeting will now ratify Baker Tilly US, LLP as the auditor. The change is administrative and does not indicate any issues with the company's financial health or operations.

Next Steps

• Stockholders will vote on Proposal No. 2 at the Annual Meeting on June 5, 2025, which now ratifies the appointment of Baker Tilly US, LLP as the successor accounting firm.

Key Dates

Recommendation

Keywords

Eventbrite, SEC filing, DEFA14A, proxy statement, auditor change, independent registered public accounting firm, Moss Adams, Baker Tilly, corporate governance, audit committee