Core Viewpoint - Cognex Corporation has appointed KPMG LLP as its independent registered public accounting firm for the fiscal year ending December 31, 2026, following a thorough evaluation process by the Audit Committee, which included inviting multiple firms to participate [3][6]. Group 1: Audit Committee Actions - The Audit Committee has been taking steps towards auditor rotation over the past three years, ultimately selecting KPMG after a comprehensive assessment [3][6]. - Grant Thornton LLP will continue to serve as the auditor for the fiscal year ending December 31, 2025, and the appointment of KPMG does not affect this engagement [3][6]. Group 2: Financial Information - The audit fees paid to Grant Thornton LLP for the fiscal year 2024 amounted to $1,370,508, which is approximately 975 million RMB [8][10]. - The audit fees for the fiscal year 2023 were reported at $1,402,415, indicating a slight decrease in audit fees year-over-year [10].
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