Playboy, Inc. 8-K

What Happened

• Playboy, Inc. (PLBY) notified BDO USA, P.C. on March 26, 2026 that BDO was dismissed as the company’s independent registered public accounting firm. On March 31, 2026, following Audit Committee approval, Playboy engaged RSM US LLP as its new independent registered public accounting firm for the year ending December 31, 2026.
• The company reported no disagreements with BDO during the two most recent fiscal years (2024–2025) and through March 26, 2026. BDO’s audit reports for the years ended December 31, 2024 and 2025 were unqualified (no adverse opinion or disclaimer). The filing notes there were no reportable events other than previously disclosed material weaknesses in internal control over financial reporting.

Key Details

• Dismissal date: March 26, 2026; engagement of new auditor: March 31, 2026 (RSM US LLP).
• No disagreements with former auditor BDO during fiscal years 2024–2025 and interim through March 26, 2026.
• Material weaknesses disclosed in the company’s 2025 Form 10-K remain unremediated as of this 8‑K; weaknesses relate to entity-level controls, IT general controls, documentation of accounting policies/procedures, management review control design/implementation, and inventory controls.
• BDO’s audit reports for 2024 and 2025 contained no qualifications or modifications for uncertainty, audit scope, or accounting principles.

Why It Matters

• A change in the independent auditor is a governance event investors track because it affects who reviews the company’s financial statements going forward. Playboy’s Audit Committee approved the change and engaged RSM for 2026.
• The company still reports unremediated material weaknesses in internal control over financial reporting, which is a factual disclosure investors should monitor when assessing financial statement reliability and future remediation progress.
• Prior audits by BDO were unqualified, which confirms that past financial statements were audited without a modified opinion despite the noted control weaknesses.