Filing Signals

Source: SEC EDGAR Compiled 2026-09-14 08:28 UTC All 21 checks passing

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Shepherd's Finance, LLC

CIK 1544190 ·Finance, Insurance And Real Estate · All EDGAR filings ↗

Progression

  1. Finance chief departure 8-K
  2. Late filing NT 10-K +25d
  3. Auditor change 8-K +134d
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Form
An amendment is grouped with the report it amends; every 12b-25 notice is one group

Auditor change high SEC item code

Shepherd's Finance, LLC moved from BDO to Schneider Downs & Co

The company dismissed the auditor. BDO → Schneider Downs & Co., Inc to a smaller firm No disagreements disclosed.

Evidence
Direction
dismissed
Direction label
The company dismissed the auditor
Disagreements disclosed
No
Item code
4.01
Item title
Changes in Registrant's Certifying Accountant
Predecessor auditor
BDO
Predecessor tier
national
Severity
high
Source
SEC 8-K item code
Successor auditor
Schneider Downs & Co., Inc
Successor tier
other
Tier downgrade
Yes
Why
The company's independent registered accounting firm changed.

Source filing ↗

Late filing elevated Filing comparison

Shepherd's Finance, LLC told the SEC it could not file its annual report on time

Does not expect a significant change in results. Filed on the statutory due date.

Shepherd’s Finance, LLC (the “Company”) has determined that it is unable, without unreasonable effort or expense, to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (the “Form 10-K”) by the prescribed due date because the Company is in the process of preparing the financial statements for the year ended December 31, 2025 and will need additional time to complete such financial statements and the associated review process.
Evidence
Anticipates significant change
No
Days past due date
0
Routine
No
Severity
elevated
Source
Form 12b-25 (notification of late filing)
Stated reason
Shepherd’s Finance, LLC (the “Company”) has determined that it is unable, without unreasonable effort or expense, to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (the “Form 10-K”) by the prescribed due date because the Company is in the process of preparing the financial statements for the year ended December 31, 2025 and will need additional time to complete such financial statements and the associated review process.
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.

Source filing ↗

Finance chief departure Filing comparison

Shepherd's Finance, LLC's Chief Financial Officer departed and a successor was named

Evidence
Interim only
No
Item code
5.02
Item title
Departure of Directors or Certain Officers
Role
Chief Financial Officer
Severity
normal
Source
SEC 8-K item code
Successor named
Yes
Why
The company's chief financial or accounting officer departed, disclosed under 8-K Item 5.02.

Source filing ↗