SEC Filing Summary: Verdisys, Inc. (Form 8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Verdisys, Inc. on September 26, 2003, regarding events occurring on September 25, 2003. The registrant, formerly known as Reconstruction Data Group, Inc., is organized in California and headquartered in Cupertino, California. The filing specifically addresses a change in the company's certifying accountant.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to Item 4 (Changes in Registrant's Certifying Accountant) and does not contain financial statements or performance metrics.
Material Changes
- Accountant Change: Verdisys, Inc. dismissed Cordovano and Harvey, P.C. (Denver, Colorado) and engaged Malone & Bailey, PLLC (Houston, Texas) as its new auditing firm, effective September 25, 2003.
- Board Approval: The Board of Directors approved the change on September 25, 2003.
- Consultation Status: The new accounting firm was not consulted prior to engagement on any specific accounting matters, completed or proposed.
Guidance, Outlook, and Risks
Management stated that the new firm is expected to provide quality service in a timely manner. The company reported no disagreements with the former accountant regarding accounting principles, financial disclosure, or auditing scope during the two most recent fiscal years or subsequent interim periods. Furthermore, no principal accountant has resigned or declined re-election recently, and financial statements for the past two years did not contain adverse opinions, disclaimers, or modifications regarding uncertainty or scope.
Key Facts for Investor Verification
- Verify the rationale for switching from a Denver-based firm to a Houston-based firm.
- Confirm the absence of undisclosed disagreements with the former auditor, Cordovano and Harvey, P.C.
- Review the letter from the former accountant (Exhibit 16) to ensure it aligns with the company's statements regarding the change.
- Note that this filing contains no financial performance data; investors should refer to the most recent 10-K or 10-Q for financial metrics.