SEC Filing Summary: Title Starts Online, Inc.
Business Context and Reporting Period
This Form 8-K was filed by Title Starts Online, Inc. (not Workhorse Group Inc.) on March 24, 2010, reporting an event that occurred on March 18, 2010. The company is incorporated in Nevada and maintains its principal executive offices in Blue Ash, Ohio.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current report regarding a corporate governance event and does not contain financial statement data.
Material Changes
The material change reported is the appointment of a new independent registered public accounting firm. On March 18, 2010, the Company engaged Clark Schaefer Hackett & Company as its auditor for the fiscal year ended December 31, 2009. This decision was approved by the Board of Directors.
Guidance, Outlook, and Risks
The filing confirms that during the two most recent fiscal years and through the engagement date, the Company did not consult with the new auditor regarding:
- Application of accounting principles to specified transactions or the type of audit opinion.
- Any matters that were the subject of a disagreement or reportable event.
No forward-looking guidance, management commentary on operations, or specific risk factors were disclosed in this document.
Investor Verification Checklist
- Verify the identity of the registrant as Title Starts Online, Inc., distinct from Workhorse Group Inc.
- Confirm the engagement of Clark Schaefer Hackett & Company for the 2009 fiscal year audit.
- Review the subsequent 10-K filing for the fiscal year ended December 31, 2009, to assess the financial impact of the auditor change.
- Check for any prior disagreements with the previous auditor not disclosed in this summary.