FRP Holdings, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by FRP Holdings, Inc. on May 15, 2026. The filing addresses a change in the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026.
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 governance and auditor changes rather than financial performance data.
Material Changes
- Dismissal of Auditor: Baker Tilly US, LLP was dismissed as the independent registered public accounting firm, effective May 15, 2026. Baker Tilly had served the Company since May 1, 2025.
- Appointment of New Auditor: Forvis Mazars, LLP was appointed as the independent registered public accounting firm for the fiscal year ending December 31, 2026. The appointment was approved by the Audit Committee on May 12, 2026, and ratified by the Board.
- Audit History: The audit report by Baker Tilly for the fiscal year ended December 31, 2025, contained no adverse opinions, disclaimers, or qualifications.
Outlook, Risks, and Contingencies
Disagreements and Reportable Events: The Company reported no disagreements with Baker Tilly regarding accounting principles, financial statement disclosures, or auditing scope during the fiscal year ended December 31, 2025, or the interim period through May 15, 2026. No "reportable events" occurred during this time.
Consultations with New Auditor: The Company did not consult with Forvis Mazars regarding accounting principles or audit opinions for the two most recent fiscal years or the interim period prior to engagement. However, Forvis Mazars was previously engaged for income tax provision preparation, valuation, and technical accounting advisory services for the year ended December 31, 2025. Management retained responsibility for decision-making regarding these services.
Investor Verification Checklist
- Verify the letter from Baker Tilly US, LLP (Exhibit 16.1) to confirm they agree with the statements regarding the dismissal and lack of disagreements.
- Review the competitive selection process details to understand the rationale for switching from Baker Tilly to Forvis Mazars.
- Confirm that the transition of audit responsibilities will not impact the timing of the fiscal year 2026 financial statement release.
- Check subsequent filings for any updates on the scope of the new auditor's engagement.