Business Context and Reporting Period
This Form 8-K Current Report was filed by Great Elm Group, Inc. (GEG) on September 11, 2024. The filing addresses a change in the company's independent registered public accounting firm.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. It is a disclosure regarding corporate governance and audit oversight.
Material Changes
- Dismissal of Auditor: The Audit Committee dismissed Grant Thornton LLP as the independent registered public accounting firm, effective September 11, 2024.
- Appointment of New Auditor: Deloitte & Touche LLP was appointed as the new independent registered public accounting firm to perform audit services for the fiscal year ending June 30, 2025.
- Audit History: Grant Thornton's reports for fiscal years ended June 30, 2024, and 2023 did not contain adverse opinions, disclaimers, or qualifications.
- Disagreements: There were no disagreements or reportable events between GEG and Grant Thornton during the relevant periods.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding future business performance. The primary risk disclosed relates to the transition of audit responsibilities. The company confirmed that no consultations were held with Deloitte regarding accounting principles or reportable events prior to their appointment.
Investor Verification Checklist
- Verify the reasons for the auditor change by reviewing the attached letter from Grant Thornton LLP (Exhibit 16.1).
- Confirm the effective date of the new audit engagement with Deloitte & Touche LLP.
- Review subsequent filings to ensure the transition of audit responsibilities proceeds without delay or qualification.
- Check for any future disclosures regarding disagreements or reportable events that may have arisen post-filing.