AMREP CORP. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by AMREP Corporation on December 22, 2017, reporting events that occurred on December 19, 2017. The filing addresses a change in the Company's independent registered public accounting firm.
Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to corporate governance and audit firm changes.
Material Changes
- Dismissal of Previous Auditor: On December 19, 2017, the Audit Committee dismissed RSM US LLP as the Company's independent registered public accounting firm.
- Appointment of New Auditor: On December 19, 2017, the Audit Committee engaged Marcum LLP as the new independent registered public accounting firm for the fiscal year ending April 30, 2018.
- Audit History: RSM's audit reports for the fiscal years ended April 30, 2017, and April 30, 2016, did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, scope, or accounting principles.
- Disagreements: The Company reported no disagreements with RSM on accounting principles, practices, or auditing scope during the two most recent fiscal years or the interim period through December 19, 2017.
- Reportable Events: No "reportable events" as defined in Regulation S-K occurred during the relevant periods.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding future performance. No specific risks or contingencies related to financial operations were disclosed in this report, other than the standard disclosure regarding the change in auditors.
Key Facts for Investor Verification
- Verify the content of the letter from RSM US LLP (Exhibit 16.1) to confirm their agreement with the Company's statements regarding the dismissal.
- Confirm the effective date of Marcum LLP's engagement for the fiscal year ending April 30, 2018.
- Review subsequent filings to ensure no undisclosed disagreements or reportable events emerged after the December 19, 2017, cutoff.