10-K/A: UWM Holdings Files Amended 10-K to Correct Electronic Signature on Accounting Firm's Consent
10-K/A Filing
UWM Holdings Corporation files an amendment to its 2024 Annual Report on Form 10-K solely to include the conformed electronic signature of Deloitte & Touche LLP on their consent, with no other changes to the original filing.
Summary
- UWM Holdings Corporation is filing an amendment (Form 10-K/A) to its Annual Report on Form 10-K for the fiscal year ended December 31, 2024.
- The sole purpose of this amendment is to correct Exhibit 23.1, the Consent of Independent Registered Public Accounting Firm.
- The original filing inadvertently omitted the conformed electronic signature of Deloitte & Touche LLP.
- The company is amending the filing to include the executed copy of the consent with the electronic signature.
- There are no other changes to the Original Form 10-K or the consent, and the amendment does not reflect events occurring after the original filing date of February 26, 2025.
- As of February 24, 2025, the registrant had 157,975,819 shares of Class A common stock outstanding and 1,440,332,098 shares of Class D common stock outstanding.
Sentiment
Score: 7
Explanation: The document is a routine amendment to correct a technical issue, indicating a neutral to slightly positive sentiment as the company is taking steps to ensure accurate filings.
Positives
- The amendment addresses a purely technical issue (missing electronic signature) and does not indicate any underlying problems with the financial statements or internal controls.
- The company is proactively addressing the issue by filing the amendment.
Future Outlook
This Form 10-K/A speaks as of the original filing date of the Original Form 10-K, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the Original Form 10-K.
Industry Context
This filing is a routine amendment to correct a technical issue and does not reflect any significant changes in the company's business or the mortgage industry.
Stakeholder Impact
- The amendment ensures accurate financial reporting, which benefits shareholders and other stakeholders by providing reliable information.
Key Dates
| Date | Description |
|---|---|
| September 22, 2020 | Date of the Business Combination Agreement among Gores Holdings IV, Inc., United Shore Financial Services, LLC and SFS Holding Corp. |
| December 14, 2020 | Date of the Amendment to Business Combination Agreement among Gores Holdings IV, Inc., United Shore Financial Services, LLC and SFS Holding Corp. |
| January 21, 2021 | Date of the Amended and Restated Registration Rights and Lock-Up Agreement. |
| January 21, 2021 | Date of the Tax Receivable Agreement among SFS Holding Corp. and UWM Holdings Corporation. |
| February 9, 2021 | Date of the Second Amended and Restated Limited Liability Company Agreement of UWM Holdings, LLC. |
| April 7, 2021 | Date of Indenture between United Wholesale Mortgage, LLC and U.S. Bank National Association, as trustee. |
| November 22, 2021 | Date of Indenture between United Wholesale Mortgage, LLC and U.S. Bank National Association, as trustee. |
| August 8, 2022 | Date of Revolving Credit Agreement between United Wholesale Mortgage, LLC, as borrower, and SFS Holding Corp., as lender. |
| September 30, 2022 | Date of Amended and Restated Loan and Security Agreement between United Wholesale Mortgage, LLC, as borrower, and Citibank, N.A., as lender. |
| March 20, 2023 | Date of Credit Agreement between United Wholesale Mortgage, LLC, as borrower, and Goldman Sachs Bank USA, as administrative agent. |
| May 25, 2023 | Date of Master Repurchase Agreement and Securities Contract between United Wholesale Mortgage, LLC, as seller, and Bank of Montreal, as buyer. |
| June 30, 2024 | Date used to calculate the aggregate market value of the registrant's voting stock held by non-affiliates. |
| December 10, 2024 | Date of Indenture between UWM Holdings, LLC, as issuer, United Wholesale Mortgage, as guarantor, and U.S. Bank Trust Company, National Association, as trustee. |
| December 31, 2024 | Fiscal year ended. |
| January 30, 2025 | Date of Amended and Restated Master Purchase Agreement and Securities Contract, conformed through Amendment No. 8, between United Wholesale Mortgage, LLC, as seller, and Bank of Montreal, as buyer. |
| February 24, 2025 | Date for outstanding shares of Class A and Class D common stock. |
| February 26, 2025 | Original filing date of the Form 10-K and date of Deloitte & Touche LLP's reports. |
| February 27, 2025 | Date of filing this Amendment No. 1 (Form 10-K/A). |
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