8-K/A: ScanSource Confirms Auditor Transition to Deloitte

ScanSource, Inc. filed an amendment confirming the effective dismissal of Grant Thornton LLP and the engagement of Deloitte & Touche LLP as its new independent registered public accounting firm.

Summary

• ScanSource, Inc. (the Company) filed an Amendment No. 1 to its Current Report on Form 8-K (Form 8-K/A) to update disclosures regarding a change in its independent registered public accounting firm.
• The amendment confirms that Grant Thornton LLP's dismissal as the Company's independent registered public accounting firm became effective on November 6, 2025.
• Grant Thornton's dismissal occurred immediately after the Company filed its Quarterly Report on Form 10-Q for the three months ended September 30, 2025.
• Deloitte & Touche LLP's engagement as the Company's independent registered public accounting firm for the fiscal year ending June 30, 2026, and related interim periods, commenced on November 6, 2025.
• Grant Thornton's audit reports for the fiscal years ended June 30, 2025, and June 30, 2024, did not contain any adverse opinion, disclaimer of opinion, or qualifications.
• There were no disagreements with Grant Thornton on accounting principles, financial statement disclosure, or auditing scope/procedure during the fiscal years ended June 30, 2025, and June 30, 2024, or the subsequent interim period through November 6, 2025.
• There were no reportable events with Grant Thornton during the specified periods.
• The Company did not consult Deloitte regarding accounting principles, audit opinions, disagreements, or reportable events prior to their engagement.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive. While an auditor change is a neutral event, the explicit confirmation of no disagreements or reportable events with the outgoing auditor, and a smooth transition to a new Big Four firm, reflects positively on corporate governance and transparency, mitigating potential concerns.

Positives

• The transition of the independent registered public accounting firm was completed smoothly, with no reported disagreements or reportable events with the outgoing auditor, Grant Thornton LLP.
• Grant Thornton LLP's audit reports for the past two fiscal years (ended June 30, 2025, and June 30, 2024) were unqualified, indicating sound financial reporting during their tenure.
• The Company confirmed that no consultations occurred with Deloitte & Touche LLP on critical accounting or auditing matters prior to their engagement, suggesting a clean start to the new relationship.

Future Outlook

The filing does not provide specific forward-looking statements or guidance beyond the commencement of Deloitte's engagement for the upcoming fiscal year and interim periods.

Management Comments

• Steve Jones, Senior Executive Vice President and Chief Financial Officer, signed the report on behalf of ScanSource, Inc.

Industry Context

Changes in independent registered public accounting firms are a routine part of corporate governance, often driven by competitive selection processes, fee considerations, or a desire for fresh perspectives. The explicit statement of no disagreements or reportable events is standard practice in such filings and helps assure investors that the change is not due to underlying financial or accounting issues, which is a positive signal in the context of broader industry practices.

Comparison to Industry Standards

• The process described, involving a competitive selection process by the Audit Committee and the subsequent filing of an 8-K/A to confirm the transition, aligns with standard corporate governance practices for publicly traded companies in the U.S.
• The explicit confirmation that there were no disagreements or reportable events with the outgoing auditor (Grant Thornton LLP) is a key disclosure that meets SEC requirements (Item 304(a)(1)(iv) and (v) of Regulation S-K) and is consistent with best practices for transparent auditor transitions, similar to how other companies like Microsoft or Apple would disclose such changes.

Corporate Governance

Stakeholder Impact

• Shareholders and investors: The change in auditor, particularly to a firm like Deloitte, and the explicit confirmation of no disagreements, provides assurance regarding the integrity and reliability of the Company's financial statements.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Key Dates

Keywords

ScanSource, Auditor Change, Grant Thornton, Deloitte & Touche, SEC Filing, 8-K/A, Independent Registered Public Accounting Firm, Corporate Governance