SEC Filing Summary: First PacTrust Bancorp, Inc.
Business Context and Reporting Period
This Form 8-K Current Report was filed on March 7, 2005, by First PacTrust Bancorp, Inc. (a Maryland corporation). The filing addresses a change in the registrant's certifying accountant effective March 4, 2005.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on auditor transition details rather than financial performance data.
Material Changes
- Accountant Resignation: Crowe Chizek and Company LLC resigned as the independent registered public accountant on March 3, 2005.
- Successor Appointment: The Audit Committee approved Crowe Chizek and Company LLP as the new independent registered public accountant effective March 4, 2005.
- Reason for Change: The change resulted from the LLC forming a new entity (LLP) and transferring its engagement contract to the new entity.
Guidance, Risks, and Contingencies
The filing confirms no disagreements existed between the company and the former accountant (LLC) regarding accounting principles, financial statement disclosures, or auditing scope during the two most recent fiscal years or the subsequent period. No reportable events as defined in Regulation S-K occurred during this timeframe. The company did not consult with the new accountant (LLP) regarding matters set forth in Item 304(a)(2)(i) and (ii) of Regulation S-K during the relevant period.
Investor Verification Checklist
- Verify the operational continuity between Crowe Chizek and Company LLC and the new LLP entity.
- Confirm that the transition of the audit engagement for the December 31, 2004, period was completed without disruption.
- Review the attached Exhibit 16.1 (Letter from Crowe Chizek and Company LLC) for any additional disclosures regarding the resignation.