Filing Analysis
CSP Inc. filed an 8-K to announce its financial results for the third quarter of fiscal year 2026, which ended on June 30, 2026.
📋 Key Facts
- Reporting period: Third quarter of fiscal year 2026 (ended June 30, 2026).
- Filing date: August 14, 2026.
- The filing serves as a placeholder for the press release containing detailed financial results.
CSP Inc. announced the departure of Michael Newbanks, Vice President of Finance and Chief Accounting Officer, effective June 5, 2026. Mr. Newbanks had remained in his role temporarily to facilitate the transition of his responsibilities to Eric Sachs.
📋 Key Facts
- Michael Newbanks departed as VP of Finance and CAO on June 5, 2026.
- Mr. Newbanks served as CAO since July 2017 and as Controller of the Modcomp subsidiary since May 2003.
- The role has been transitioned to Eric Sachs.
- Mr. Newbanks will continue to provide consulting services to the company post-departure.
CSP Inc. announced its financial results for the second quarter of fiscal year 2026, which ended on March 31, 2026. The disclosure was made via a press release attached as an exhibit to the filing.
📋 Key Facts
- The filing reports financial results for the second quarter ended March 31, 2026.
- The report was filed under Item 2.02 (Results of Operations and Financial Condition).
- The press release was issued on May 7, 2026.
- Gary W. Levine, CFO, signed the report.
CSP Inc. announced a leadership transition for its Chief Accounting Officer role and the appointment of a new director with cybersecurity expertise. Michael Newbanks will resign as CAO on May 15, 2026, and will be succeeded by Eric Sachs, while James J. LaBonty joins the Board of Directors.
📋 Key Facts
- Michael Newbanks, VP of Finance and CAO, is resigning effective May 15, 2026, after serving as CAO since 2017.
- Eric Sachs is appointed as the new VP and CAO, starting March 23, 2026, to transition into the role by May 15, 2026.
- Eric Sachs will receive an annual base salary of $195,000, a 30% bonus target, and 8,000 shares of restricted stock vesting over four years.
- James J. LaBonty, CEO of OT Cyber Specialists and former Pfizer Director, was appointed to the Board of Directors on March 10, 2026.
- The company stated there were no disagreements with Mr. Newbanks regarding operations, policies, or practices.
CSP Inc. reported the results of its 2026 Annual Meeting held on February 10, 2026. Shareholders voted to elect four directors and ratified the appointment of CBIZ US, LLP as independent auditors for fiscal year 2026.
📋 Key Facts
- Annual Meeting held on February 10, 2026.
- Quorum established with 7,765,027 shares represented out of 9,904,783 total shares outstanding.
- Four directors (Victor Dellovo, Ismail 'Izzy' Azeri, Anthony Folger, and Stephen Webber) were elected to serve until the 2027 Annual Meeting.
- Shareholders approved executive compensation via an advisory vote.
- CBIZ US, LLP was ratified as independent auditors for fiscal year 2026 with significant majority support (7,651,239 'For' votes).
CSP Inc. filed an 8-K to announce its financial results for the first quarter of fiscal year 2026, which ended on December 31, 2025.
📋 Key Facts
- The filing reports results for the fiscal quarter ending December 31, 2025.
- Financial results were announced via a press release dated February 12, 2026.
- The report was signed by Gary W. Levine, Chief Financial Officer.
CSP Inc. filed an 8-K to announce the release of its financial results for the fourth quarter and full fiscal year ended September 30, 2025.
📋 Key Facts
- Reporting period: Fourth quarter and full fiscal year 2025 (ended Sept 30, 2025).
- Announcement date: December 16, 2025.
- The filing includes a press release as Exhibit 99.1 regarding the financial results.
CSP Inc. filed an 8-K to announce its financial results for the third quarter of fiscal year 2025, which ended on June 30, 2025.
📋 Key Facts
- Report date: August 14, 2025
- Reporting period: Third Quarter Fiscal Year 2025 (ended June 30, 2025)
- The filing serves to announce the release of quarterly financial results via a press release.
CSP Inc. filed an 8-K to announce its financial results for the second quarter of fiscal year 2025, which concluded on March 31, 2025.
📋 Key Facts
- Reporting period: Second quarter of fiscal year 2025 (ended March 31, 2025).
- Filing date: May 14, 2025.
- The filing includes a press release regarding financial results as Exhibit 99.1.
CSP Inc. announced the completion of client acceptance procedures by CBIZ CPAs P.C., officially appointing them as the company's independent registered public accounting firm for the fiscal year ending September 30, 2025.
🚩 Red Flags
- Auditor change: While not explicitly linked to a restatement in this specific filing, the transition of auditors is a common area for scrutiny in micro-cap companies.
📋 Key Facts
- CBIZ CPAs P.C. has completed client acceptance procedures as of March 27, 2025.
- The appointment is for the fiscal year ending September 30, 2025.
- This follows a previous announcement made on February 14, 2025.
CSP Inc. has dismissed its independent auditor, RSM LLP, and selected CBIZ CPAs P.C. as its new accounting firm effective February 12, 2025. This change follows the company's prior disclosure of material weaknesses in internal controls over financial reporting.
🚩 Red Flags
- Auditor change occurring alongside previously disclosed material weaknesses in internal controls.
- Material weakness identified specifically regarding business expense reimbursement and undisclosed compensation related to a C-level executive's credit card usage.
- Internal control over financial reporting was deemed ineffective as of September 30, 2024, and December 31, 2024.
📋 Key Facts
- Dismissal of RSM LLP as independent registered public accounting firm effective February 12, 2025.
- Selection of CBIZ CPAs P.C. as the new auditor for fiscal year ending September 30, 2025, pending client acceptance.
- The company reported no disagreements with RSM regarding accounting principles or auditing scope.
- Management previously disclosed two material weaknesses in internal controls as of September 30, 2024: (1) business expense reimbursement/credit card usage involving a C-level executive and undocumented compensation via credit card points, and (2) financial reporting for income taxes.
CSP Inc. filed an 8-K to announce its financial results for the first quarter of fiscal year 2025, which ended on December 31, 2024.
📋 Key Facts
- Company released Q1 FY2025 financial results (period ending Dec 31, 2024) via press release.
- Filing date: February 10, 2025.
- The information in the 8-K is not considered 'filed' for purposes of Section 18 liability.
CSP Inc. reported the results of its 2025 Annual Meeting held on February 4, 2025. The meeting included elections for five directors and advisory votes on executive compensation, a new stock incentive plan, and auditor ratification.
🚩 Red Flags
- Significant shareholder opposition to the 2025 Stock Incentive Plan (approximately 35% of votes cast were 'Against').
📋 Key Facts
- Annual Meeting held on February 4, 2025.
- Quorum was met with 7,281,537 shares represented out of 9,882,613 total shares outstanding.
- Five directors (Victor Dellovo, Ismail Azeri, Anthony Folger, Stephen Webber, and Marilyn T. Smith) were elected to serve until the 2026 Annual Meeting.
- Shareholders approved the CSP Inc. 2025 Stock Incentive Plan with a significant 'Against' vote count of 1,810,417 shares.
- RSM US, LLP was ratified as independent auditors for fiscal 2025.
CSP Inc. filed an 8-K to announce its financial results for the fourth quarter of fiscal year 2024, which ended on September 30, 2024.
📋 Key Facts
- Reporting period: Fourth quarter of fiscal year 2024 (ended September 30, 2024).
- Filing date: December 20, 2024.
- The filing includes a press release regarding financial results as Exhibit 99.1.
CSP Inc. announced significant changes to its Board of Directors, including the retirement of two long-standing members and the appointment of two highly experienced financial executives to fill vacancies.
🚩 Red Flags
- Departure of the Audit Committee Chair (Charles Blackmon) and a long-standing committee member (C. Shelton James).
📋 Key Facts
- Board members Charles Blackmon and C. Shelton James are retiring effective February 3, 2025.
- Charles Blackmon currently serves as Chair of the Audit Committee.
- Steve Webber (COO/CFO at Quickbase) and Anthony Folger (CFO at Progress) will join the Board following the filing of the FY2024 10-K.
- The Board size is increasing from five members to seven members.
- Both new appointees are expected to serve on the Audit Committee.
CSP Inc. filed an 8-K to announce its financial results for the third quarter of fiscal year 2024, which ended on June 30, 2024.
📋 Key Facts
- Reporting period: Third quarter of fiscal year 2024 (ended June 30, 2024).
- Filing date: August 13, 2024.
- The filing serves as a placeholder for the press release containing detailed financial results.
CSP Inc. stockholders approved an amendment to the Articles of Organization to more than double the authorized number of common shares from 9,753,900 to 20,000,000. This increase was approved during a Special Meeting held on June 26, 2024.
🚩 Red Flags
- Significant increase in authorized share count (over 100% increase) often precedes dilutive equity offerings to raise capital.
📋 Key Facts
- Stockholders approved an increase in authorized common stock from 9,753,900 to 20,000,000 shares.
- The amendment was filed with the Secretary of the Commonwealth of Massachusetts on June 26, 2024, and became effective immediately.
- Proposal No. 1 (Increase in authorized shares) passed with 6,219,918 votes 'For' and 1,217,273 votes 'Against'.
- A quorum was established by 7,445,555 shares represented at the meeting.
CSP Inc. filed an 8-K to announce the release of its financial results for the second quarter of fiscal year 2024, which ended on March 31, 2024.
📋 Key Facts
- Reporting period: Second quarter of fiscal year 2024 (ended March 31, 2024).
- Filing date: May 8, 2024.
- The filing serves as a formal announcement of the company's quarterly financial results via press release.
CSP Inc. announced a two-for-one stock split to be executed as a 100% stock dividend, alongside an amendment to increase authorized shares.
🚩 Red Flags
- The filing includes a stock split; while technically a 'split' via dividend, in micro-cap contexts this is often used to manage share price or liquidity, which can be a precursor to further capital raises or a reaction to low share prices.
📋 Key Facts
- Board approved a two-for-one stock split via a 100% stock dividend on February 21, 2024.
- Record date for the stock dividend is March 6, 2024; payment date is March 20, 2024.
- Articles of Organization were amended to increase authorized Common Stock from 7,500,000 to 9,753,900 shares.
- No shareholder approval was required for the share authorization increase under Massachusetts law.
CSP Inc. filed an 8-K to announce its financial results for the first quarter of fiscal year 2024, which ended on December 31, 2023.
📋 Key Facts
- Reporting period: First quarter of fiscal year 2024 (ended December 31, 2023).
- Filing date: February 14, 2024.
- The filing serves as a formal announcement of results via press release (Exhibit 99.1).
CSP Inc. held its 2024 Annual Meeting on February 6, 2024, reporting the results of shareholder votes regarding director elections, executive compensation, and auditor ratification.
📋 Key Facts
- Annual Meeting held on February 6, 2024.
- Quorum was established with 2,893,259 shares represented out of 4,727,573 total shares outstanding.
- Five directors (Victor Dellovo, Charles Blackmon, Ismail Azeri, C. Shelton James, and Marilyn T. Smith) were elected to serve until the 2025 Annual Meeting.
- Shareholders approved executive compensation via an advisory vote (Say-on-Pay).
- Shareholders ratified the appointment of RSM US, LLP as independent auditors for fiscal 2024.