Business Context and Reporting Period
This Form 8-K Current Report is filed by Atlantic American Corporation (AAME) on June 3, 2022, regarding an event that occurred on June 1, 2022. The filing addresses a change in the Company's certifying accountant.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document is strictly procedural regarding the audit firm.
Material Changes
- Accountant Merger: The Company's independent registered public accounting firm, Dixon Hughes Goodman LLP ("DHG"), completed a merger with BKD, LLP ("BKD") effective June 1, 2022.
- New Firm Name: The combined firm now operates under the name FORVIS, LLP.
- Audit History: The audit reports issued by DHG for the fiscal years ended December 31, 2021, and 2020 were unqualified and did not contain adverse opinions, disclaimers, or modifications regarding uncertainty, scope, or accounting principles.
- No Disagreements: There were no disagreements between the Company and DHG regarding accounting principles, practices, or auditing scope during the 2020 and 2021 fiscal years or the subsequent period through the date of this report.
- No Reportable Events: No reportable events occurred during the specified periods.
- Consultations: The Company did not consult BKD regarding accounting principles or audit opinions prior to the merger.
Guidance, Outlook, and Risks
The filing contains no management guidance, financial outlook, or discussion of business risks. The primary contingency noted is the administrative transition of the audit firm, which has been confirmed by a letter from FORVIS, LLP (filed as Exhibit 16.1) agreeing with the Company's statements.
Investor Verification Checklist
- Verify that FORVIS, LLP is now the official independent registered public accounting firm for Atlantic American Corporation.
- Confirm that the transition from DHG to FORVIS was a result of a merger and not a dismissal or resignation due to disagreements.
- Review the letter from FORVIS, LLP (Exhibit 16.1) to ensure they concur with the Company's disclosures regarding the lack of disagreements or reportable events.
- Note that this filing does not impact the Company's financial statements for the years ended December 31, 2021, or 2020.