Form 8-K · Current report
AES Corporation 8-K, filed Jul 27, 2026
- Filed
- CIK
- 0000874761
- Accession no.
- 0000874761-26-000138
Summary
The AES Corporation's audit committee dismissed Ernst & Young as its independent registered public accounting firm effective upon the filing of its quarterly report for the quarter ended June 30, 2026, because EY would no longer be independent once the company's pending merger with Horizon Parent, L.P. closes, and engaged KPMG as its replacement. EY's report on AES's internal control over financial reporting as of December 31, 2024 contained an adverse opinion over a material weakness in the controls related to the AES Brasil disposition process.
Key points
- KPMG member firms provided tax advisory support, payroll processing, employment legal advice and financial model review services to some AES subsidiaries during the 2026 audit period, all of which were completed or terminated before KPMG's appointment, and both KPMG and the audit committee concluded KPMG's independence was not impaired.
- AES's merger agreement is with Horizon Parent, L.P., jointly controlled by investment vehicles affiliated with Global Infrastructure Management, LLC and the EQT Infrastructure VI fund, under which Horizon Merger Sub, Inc. will merge into AES with AES surviving.
- Aside from the material weakness, there were no disagreements with EY or reportable events during fiscal 2024, 2025, or the subsequent interim period.
- EY's audit reports on AES's consolidated financial statements for fiscal 2024 and 2025 contained no adverse opinion, disclaimer, or qualification as to uncertainty, audit scope or accounting principles.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 4.01Changes in Registrant's Certifying Accountant
- 9.01Financial Statements and Exhibits
From the filing
Item 4.01 Changes in Registrant's Certifying Accountant. On July 21, 2026, the Financial Audit Committee (the “Audit Committee”) of the Board of Directors of The AES Corporation (the “Company”) dismissed Ernst & Young LLP (“EY”) as the Company’s independent registered public accounting firm, due to the fact that EY will no longer be considered independent with respect to the Company under the rules of the Securities and Exchange Commission (the “SEC”) after the closing of the announced Agreement and Plan of Merger (the “Merger Agreement”), by and among the Company, Horizon Parent, L.P., a Delaware limited partnership (“Parent”), and Horizon Merger Sub, Inc., a Delaware corporation and…
An excerpt of the text as filed with the SEC, cut for length.
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