OtherApr 7, 2026, 05:21 PM
Seaport Entertainment Group (SEG) Dismisses KPMG, Engages Grant Thornton as Independent Auditor
AI Summary
Seaport Entertainment Group Inc. (SEG) announced the dismissal of KPMG LLP as its independent registered public accounting firm, effective April 1, 2026. Concurrently, the company's Audit Committee approved the engagement of Grant Thornton LLP to audit its financial statements for the fiscal year ending December 31, 2026. The company stated that KPMG's reports for the past two fiscal years (2025 and 2024) did not contain any adverse opinions, disclaimers, or qualifications, and there were no disagreements or reportable events between SEG and KPMG during the relevant periods. This change appears to be a routine transition rather than an indication of underlying financial or accounting issues.
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 April 1, 2026, to audit financial statements for the year ending December 31, 2026.
- KPMG's audit reports for the fiscal years ended December 31, 2025, and December 31, 2024, did not contain any adverse opinions, disclaimers of opinion, 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, or 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 years ended December 31, 2025, and 2024, or the subsequent interim period through April 1, 2026.
- Neither SEG nor anyone on its behalf consulted with Grant Thornton regarding accounting principles or audit opinions prior to the engagement date.
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