XCel Brands Inc. announced a change in its certifying accountant on September 15, 2025. The company's Audit Committee has dismissed CBIZ CPAs P.C. as its independent registered public accounting firm, just months after appointing them on May 27, 2025, when Marcum LLP was dismissed. During the engagement period, CBIZ CPAs did not issue any audit reports on the company's financial statements. The company cited no disagreements or reportable events with CBIZ CPAs, except for a material weakness related to the inability to file its Annual and Quarterly Reports on time due to inadequate entity-level controls affecting financial information reporting. CBIZ CPAs has acknowledged these statements in a letter filed with the SEC.
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