SIEBERT FINANCIAL CORP. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Siebert Financial Corp. on July 24, 2024. The report addresses a change in the Company's independent registered public accounting firm.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance regarding the audit firm.
Material Changes
- Resignation of Prior Auditor: Baker Tilly US, LLP resigned as the Company's independent registered public accounting firm, as previously reported on May 16, 2024.
- Appointment of New Auditor: On July 24, 2024, the Company's audit committee approved the appointment of Crowe LLP as the new independent registered public accounting firm for the fiscal year ending December 31, 2024.
Guidance, Outlook, and Risks
The filing states that during the fiscal years ended December 31, 2023 and 2022, and the subsequent interim period, neither the Company nor anyone acting on its behalf consulted with Crowe LLP regarding:
- The application of accounting principles to specified transactions.
- The type of audit opinion that might be rendered.
- Any matters constituting a "disagreement" or "reportable event" under Regulation S-K.
No financial guidance, outlook, or specific risk factors were disclosed in this document.
Key Facts for Investor Verification
- Verify the effective date of the transition from Baker Tilly US, LLP to Crowe LLP.
- Review the prior Form 8-K filed on May 16, 2024, for details regarding the resignation of Baker Tilly US, LLP.
- Confirm that no undisclosed disagreements or reportable events existed between the Company and the new auditor prior to appointment.