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Portsmouth Square (PRSI) finalizes Whitley Penn as independent auditor

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Form Type
8-K

Rhea-AI Filing Summary

Portsmouth Square, Inc. announced that Whitley Penn LLP has completed and accepted its standard client acceptance and independence procedures and finalized its engagement as the company’s independent registered public accounting firm on March 26, 2026. This confirms and completes an appointment that had been previously disclosed as pending these routine procedures.

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Item 4.01 Changes in Registrant's Certifying Accountant Governance
The company changed its independent auditing firm, which may involve disagreements on accounting matters.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Understanding 8-K Material Events →
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act Of 1934

 

Date of Report (Date of earliest event reported): March 26, 2026

 

PORTSMOUTH SQUARE, INC.

 

(Exact name of registrant as specified in its charter)

 

California   0-4057   94-1674111
(State or other jurisdiction   (Commission   (IRS Employer
of incorporation)   File Number)   Identification No.)

 

1516 S. Bundy Drive, Suite 200, Los Angeles, CA   90025
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (310) 889-2500

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
NONE   NONE   NONE

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2)

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 4.01. Changes in Registrant’s Certifying Accountant

 

Portsmouth Square, Inc. (the “Company”) previously disclosed in its Current Report on Form 8-K filed March 23, 2026, that the appointment of Whitley Penn LLP (“Whitley”) as its independent registered public accounting firm was subject to the completion of its standard client acceptance, independence procedures, and the execution of a final engagement letter. The Company hereby reports that such procedures were completed and accepted by Whitley on March 26, 2026.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Description
     
104   Cover Page Interactive Data File

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  PORTSMOUTH SQUARE, INC.
   
Dated: March 27, 2026 By: /s/ Ann Marie Blair
    Ann Marie Blair,
    Principal Financial Officer

 

 

 

Source: View Original Filing on SEC EDGAR

FAQ

What did Portsmouth Square, Inc. (PRSI) announce in this 8-K?

Portsmouth Square, Inc. reported that Whitley Penn LLP completed and accepted its client acceptance and independence procedures and finalized its engagement as the company’s independent registered public accounting firm on March 26, 2026.

Who is the new independent auditor for Portsmouth Square, Inc. (PRSI)?

The new independent registered public accounting firm for Portsmouth Square, Inc. is Whitley Penn LLP. The firm completed its standard client acceptance and independence procedures and confirmed the engagement on March 26, 2026.

Was Whitley Penn’s appointment as PRSI auditor previously disclosed?

Yes. Portsmouth Square, Inc. had previously disclosed Whitley Penn’s appointment as auditor, noting it was subject to completion of client acceptance and independence procedures and a final engagement letter, which were completed on March 26, 2026.

What condition was satisfied for Whitley Penn LLP to serve as PRSI’s auditor?

Whitley Penn LLP completed its standard client acceptance and independence procedures and executed a final engagement letter. These steps were required before the firm could formally serve as Portsmouth Square, Inc.’s independent registered public accounting firm.

When did Whitley Penn finalize its engagement with Portsmouth Square, Inc.?

Whitley Penn LLP finalized its engagement with Portsmouth Square, Inc. on March 26, 2026. On that date, the firm completed and accepted its standard client acceptance and independence procedures required for the audit engagement.

Filing Exhibits & Attachments

3 documents

Other Documents