Ranpak Holdings Corp. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Ranpak Holdings Corp. on May 27, 2022. The filing addresses a change in the Company's independent registered public accounting firm effective immediately.
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 the change of auditors and does not contain financial statement data.
Material Changes
- Accountant Change: The Audit Committee approved the engagement of KPMG LLP to audit the consolidated financial statements for the year ending December 31, 2022.
- Dismissal of Prior Auditor: Deloitte & Touche LLP was dismissed and replaced by KPMG effective immediately.
- Audit History: Deloitte's reports for the years ended December 31, 2021, and 2020, did not contain adverse opinions, disclaimers, or qualifications.
- No Disagreements: There were no disagreements with Deloitte regarding accounting principles, practices, financial statement disclosures, or auditing scope/procedures during the relevant periods.
- No Reportable Events: No "reportable events" as defined in Regulation S-K occurred during the years ended December 31, 2021 and 2020, or the interim period through May 27, 2022.
Guidance, Outlook, and Risks
The filing does not contain management guidance, outlook, or specific risk factors beyond the standard disclosure regarding the auditor change. The Company confirmed that no consultations were held with KPMG regarding accounting principles or audit opinions prior to the engagement.
Investor Verification Checklist
- Verify the completion of KPMG's standard client acceptance procedures and the execution of the engagement letter.
- Review the attached letter from Deloitte & Touche LLP (Exhibit 16.1) to confirm their agreement with the Company's disclosures regarding the dismissal.
- Monitor future filings for the first financial statements audited by KPMG for the fiscal year ending December 31, 2022.