Seaport Entertainment Group Inc. 8-K

What Happened

• Seaport Entertainment Group’s Audit Committee dismissed KPMG LLP as the company’s independent registered public accounting firm and engaged Grant Thornton LLP effective April 1, 2026. Grant Thornton will audit the Company’s financial statements for the year ending December 31, 2026.
• KPMG was notified of the dismissal on April 1, 2026. KPMG’s audit reports for the years ended December 31, 2025 and 2024 (and for the three-year period ended December 31, 2025) contained no adverse opinions, disclaimers, or modifications for uncertainty, scope, or accounting principles. The company states there were no disagreements or reportable events with KPMG for 2025, 2024, or through April 1, 2026. A letter from KPMG to the SEC is filed as Exhibit 16.1 to the 8-K.

Key Details

• Effective date: April 1, 2026 (dismissal of KPMG and engagement of Grant Thornton).
• Scope of new engagement: Grant Thornton engaged to audit financials for the year ending December 31, 2026.
• KPMG’s prior opinions: KPMG’s reports for 2025 and 2024 were unmodified (no adverse or disclaimer opinions).
• No disagreements/reportable events: Company reports no disagreements with KPMG and no reportable events during the covered periods; KPMG’s letter is included as Exhibit 16.1.

Why It Matters

• A change in independent auditor is material because it affects who examines and expresses an opinion on the company’s financial statements. For investors, this is an operational and governance update to monitor.
• The filing shows the change was not due to disputes or audit problems (KPMG’s prior opinions were unmodified and no disagreements/reportable events were disclosed), which may indicate a routine transition rather than a conflict. Investors should watch future filings (including the audit report from Grant Thornton) for any differences in audit scope, disclosures, or findings.