Universal Logistics Holdings, Inc. Announces Dismissal of Independent Auditor Grant Thornton LLP

Key Developments for Investors

• Dismissal of Grant Thornton LLP: Universal Logistics Holdings, Inc. (“the Company”) has announced the dismissal of Grant Thornton LLP as its independent registered public accounting firm. The decision was approved by the Audit Committee of the Board of Directors on March 13, 2026, and became effective upon the Company’s filing of its Form 10-K for the fiscal year ended December 31, 2025, which took place on March 16, 2026.
• Audit Reports Unaffected: Grant Thornton’s audit reports for fiscal years ended December 31, 2025 and December 31, 2024 did not contain any adverse opinions, disclaimers, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles.
• No Disagreements or Reportable Events (Except Material Weakness): There were no disagreements between the Company and Grant Thornton on accounting principles, financial statement disclosure, or audit procedures during the fiscal years 2024 and 2025 and up to March 16, 2026, that would have caused Grant Thornton to reference such matters in their audit reports.
• Material Weakness Previously Disclosed: The only reportable event was a previously disclosed material weakness in the Company’s internal controls over financial reporting. This was related to deficiencies in controls over financial reporting and financial statement preparation, including insufficient personnel with technical accounting expertise and ineffective controls over complex accounting transactions and disclosures. This weakness was described in SEC filings.
• Grant Thornton’s Letter: Grant Thornton was provided a copy of the Form 8-K disclosures and was requested to provide a letter to the SEC stating whether it agrees with the Company’s statements. Grant Thornton confirmed in its letter dated March 19, 2026, that it agrees with the statements concerning its Firm in Item 4.01 of the Form 8-K.

Details for Shareholders

Potential Price Sensitivity: The change of the independent auditor is a significant corporate event, especially in light of the previously disclosed material weakness in internal controls over financial reporting. Although Grant Thornton’s audit reports were not qualified or modified, the existence of a material weakness may be viewed as a risk factor by investors and could affect market confidence in the Company’s financial reporting. Shareholders should monitor subsequent disclosures for updates on remediation of these internal control deficiencies, as improvements or further issues can impact share valuation.

Other Information: The Company’s common stock (trading symbol: ULH) is listed on The Nasdaq Stock Market LLC. The Company is incorporated in Nevada and its principal address is 12755 E. Nine Mile Road, with local phone number 920-0100. Universal Logistics Holdings, Inc. is not an emerging growth company under SEC rules.

Regulatory Compliance: The Company’s Form 8-K did not trigger written communications under Rule 425, soliciting material under Rule 14a-12, or pre-commencement tender offer communications under Rules 14d-2(b) and 13e-4(c). No amendments to previously filed submissions were noted.

Conclusion

The Company’s decision to change auditors, particularly following a previously reported material weakness in internal controls, is a noteworthy event that could impact investor sentiment and share price. Investors are advised to pay close attention to future filings regarding internal controls and auditor transition, as these may provide further clarity or raise additional concerns.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with financial advisors before making investment decisions. The information is based on SEC filings and is subject to change. The author and publisher assume no responsibility for decisions made based on this content.

View UNIVERSAL LOGISTICS HOLDINGS, INC. Historical chart here