Auditor ChangeApr 7, 2026, 05:16 PM
Seaport Entertainment Group (SEG) Appoints Grant Thornton as New Auditor, Replaces KPMG Effective April 1, 2026
AI Summary
Seaport Entertainment Group Inc. (SEG) announced the dismissal of KPMG LLP as its independent registered public accounting firm and the engagement of Grant Thornton LLP, effective April 1, 2026. Grant Thornton will audit the company's financial statements for the year ending December 31, 2026. Importantly, SEG confirmed there were no disagreements with KPMG on accounting principles or practices, nor any reportable events during the past two fiscal years ended December 31, 2025, and 2024, or the subsequent interim period. This change appears to be a routine transition without any disclosed issues regarding financial reporting integrity, providing a neutral signal to investors.
Key Highlights
- Seaport Entertainment Group Inc. (SEG) dismissed KPMG LLP as its independent registered public accounting firm on April 1, 2026.
- Grant Thornton LLP was engaged as the new independent registered public accounting firm, effective immediately, to audit SEG's financial statements for the year ending December 31, 2026.
- KPMG's reports on SEG's consolidated and combined financial statements for the years ended December 31, 2025, and 2024, did not contain adverse opinions, disclaimers, or qualifications.
- There were no disagreements (as defined by Item 304(a)(1)(iv) of Regulation S-K) between SEG and KPMG during the years ended December 31, 2025, and 2024, and the subsequent interim period through April 1, 2026.
- No reportable events (as defined by Item 304(a)(1)(v) of Regulation S-K) occurred during the same period.
- Neither SEG nor anyone on its behalf consulted with Grant Thornton regarding accounting principles or audit opinions prior to the engagement.
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