TECOGEN INC. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by TECOGEN INC. on September 17, 2014, reporting events that occurred on September 16, 2014. The filing addresses a change in the company's independent registered public accounting firm.
Key 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 auditor changes.
Material Changes
- Dismissal of Previous Auditor: The Audit Committee dismissed McGladrey LLP as the independent registered public accounting firm effective September 16, 2014.
- Engagement of New Auditor: The Audit Committee engaged Wolf & Company, P.C. as the new independent registered public accounting firm effective September 16, 2014.
- Audit History: McGladrey's reports for the fiscal years ended December 31, 2013, and 2012 contained no adverse opinions, disclaimers, or qualifications.
- Disagreements: There were no disagreements with McGladrey regarding accounting principles, practices, or audit scope during the relevant periods.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, outlook, or management commentary on business performance. The Audit Committee confirmed that Wolf & Company, P.C. has no commercial relationships that would impair its independence for the fiscal year ended December 31, 2014. No consultations with the new auditor regarding reportable events occurred during the two most recent fiscal years or the subsequent interim period.
Investor Verification Checklist
- Verify the effective date of the auditor transition (September 16, 2014).
- Confirm the absence of disagreements or reportable events with the former auditor, McGladrey LLP.
- Review Exhibit 16.1 for the letter from McGladrey LLP confirming agreement with the company's disclosures.
- Monitor future filings for the first financial statements audited by Wolf & Company, P.C.