Business Context and Reporting Period
This Form 8-K Current Report is filed by Rayonier Inc. and Rayonier, L.P. on March 12, 2026. The filing primarily addresses a change in the Company's independent registered public accounting firm. The report notes that PotlatchDeltic Corporation merged with Rayonier Inc., with the transaction closing on January 30, 2026.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report is a disclosure of corporate governance changes rather than a financial performance statement.
Material Changes
- Accounting Firm Change: Effective March 12, 2026, the Audit Committee dismissed Ernst & Young LLP (EY) as the independent registered public accounting firm.
- New Engagement: KPMG LLP was engaged as the independent registered public accounting firm for the fiscal year 2026 audit, effective March 12, 2026.
- Historical Context: KPMG previously served as the independent registered public accounting firm for PotlatchDeltic Corporation prior to its merger with Rayonier Inc. on January 30, 2026.
Management Commentary, Risks, and Contingencies
Audit Opinions: The audit reports issued by EY for the fiscal years ended December 31, 2025, and 2024 did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
Disagreements and Reportable Events: The Company confirmed there were no "disagreements" or "reportable events" between the Company and EY during the fiscal years 2024 and 2025, or the interim period through March 12, 2026.
Consultations: The Company did not consult KPMG regarding accounting principles, audit opinions, disagreements, or reportable events during the relevant periods prior to the engagement, other than KPMG's prior role with PotlatchDeltic Corporation.
Investor Verification Checklist
- Verify the effective date of the dismissal of EY and engagement of KPMG (March 12, 2026).
- Confirm the absence of disagreements or reportable events with the former auditor, EY, as stated in the filing.
- Review the attached letter from EY (Exhibit 16.1) to ensure the former auditor agrees with the Company's statements regarding the change.
- Note the recent merger with PotlatchDeltic Corporation (closed January 30, 2026) as the context for KPMG's prior relationship with the combined entity.