Business Context and Reporting Period
This Form 8-K Current Report is filed by Nathan's Famous, Inc. on February 20, 2025. The filing addresses a change in the company's independent registered accounting firm.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the administrative change of the external auditor.
Material Changes
- Resignation of Auditor: Marcum LLP resigned as the independent registered accounting firm on February 20, 2025.
- Reason for Change: The resignation coincides with the acquisition of Marcum's attest business by CBIZ CPAs P.C. on November 1, 2024.
- Appointment of New Auditor: With the approval of the Audit Committee, CBIZ CPAs P.C. was engaged as the new independent registered public accounting firm effective February 20, 2025.
Guidance, Outlook, and Risks
Audit History and Disagreements:
- The reports issued by Marcum for the fiscal years ended March 31, 2024, and March 26, 2023, were unqualified and contained no adverse opinions, disclaimers, or modifications regarding uncertainty, scope, or accounting principles.
- There were no disagreements between the Company and Marcum regarding accounting principles, financial statement disclosures, or auditing scope/procedures during the relevant periods.
- No "reportable events" occurred during the fiscal years ended March 31, 2024, and March 26, 2023, or through the date of resignation.
Consultations with New Auditor:
- The Company did not consult with CBIZ CPAs P.C. regarding accounting principles, audit opinions, or any matters that were subjects of disagreement or reportable events prior to their engagement.
Investor Verification Checklist
- Verify the transition timeline between Marcum LLP and CBIZ CPAs P.C. to ensure no gap in audit coverage.
- Review the letter from Marcum LLP (Exhibit 16.1) to confirm their agreement with the Company's statements regarding the resignation.
- Monitor future filings for the first audit report issued by CBIZ CPAs P.C. to assess any changes in audit scope or findings.