Maxeon Solar Technologies (MAXN) clarifies no disputes in EY auditor change
Filing Impact
Filing Sentiment
Form Type
6-K/A
Rhea-AI Filing Summary
Maxeon Solar Technologies filed an amended Form 6-K to update its earlier notice about changing its independent auditor. The company confirms that for the years ended December 31, 2024 and 2023, and through the August 29, 2025 termination date, it had no disagreements with Ernst & Young LLP on accounting principles, financial statement disclosure, or audit scope and procedures that would have required mention in EY’s audit reports. Maxeon also notes that EY has been asked to provide a letter to the SEC agreeing or disagreeing with these statements, which is attached as Exhibit 16.1, and the disclosure is incorporated by reference into several existing registration statements.
Positive
- None.
Negative
- None.
FAQ
What does Maxeon Solar Technologies (MAXN) disclose in this Form 6-K/A?
Maxeon Solar Technologies updates a prior filing about its auditor change. It clarifies that there were no reportable disagreements with Ernst & Young LLP on accounting, disclosure, or audit scope for 2023, 2024, or through the August 29, 2025 termination date.
Were there any disagreements between Maxeon (MAXN) and Ernst & Young before the termination?
The company states there were no disagreements with Ernst & Young LLP on accounting principles, financial statement disclosure, or auditing scope or procedures for 2023, 2024, or through August 29, 2025 that would have required reference in EY’s audit reports.
What is the effective termination date of Ernst & Young as Maxeon’s auditor?
Ernst & Young LLP’s termination as Maxeon’s independent registered public accounting firm is effective August 29, 2025. This date was previously disclosed, and the amendment focuses on clarifying the absence of disagreements during the period leading up to this termination.
What is Exhibit 16.1 in Maxeon Solar Technologies’ Form 6-K/A?
Exhibit 16.1 is a letter from Ernst & Young LLP to the U.S. Securities and Exchange Commission. The letter responds to Maxeon’s statements about the auditor change and the absence of disagreements, and is dated August 13, 2025.
How does this Form 6-K/A affect Maxeon’s existing registration statements?
The information in this Form 6-K/A is incorporated by reference into Maxeon’s registration statements on Form F-3 and multiple Form S-8 filings. This means the clarified auditor-change disclosure is legally included in those registration documents for investors.
Why did Maxeon Solar Technologies amend its original Form 6-K?
Maxeon amended the original Form 6-K to add specific language stating there were no disagreements with Ernst & Young LLP on key accounting and auditing matters. This additional disclosure supplements the previously reported decision to terminate EY as its independent auditor.