Business Context and Reporting Period
This Form 8-K Current Report was filed by TTM Technologies, Inc. on March 14, 2011. The report addresses a change in the company's certifying accountant for the fiscal year ending December 31, 2011.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to corporate governance regarding the external auditor.
Material Changes
- Accountant Change: The company previously disclosed on November 29, 2010, its decision to dismiss KPMG LLP and engage PricewaterhouseCoopers LLP (PwC) for the 2011 fiscal year audit.
- Effective Date: The audit committee formally determined to engage PwC effective March 14, 2011.
- Continuity: KPMG LLP continued to serve as the independent auditor for the fiscal year ended December 31, 2010, as anticipated.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding business performance. Regarding risks and contingencies, the company stated that during the fiscal years ended December 31, 2010 and 2009, and through March 14, 2011, there were no consultations with PwC involving:
- Application of accounting principles to specified transactions.
- The type of audit opinion that might be rendered.
- Any disagreements or reportable events.
Investor Verification Checklist
- Verify the official engagement letter date between TTM Technologies and PricewaterhouseCoopers LLP.
- Confirm the final audit opinion issued by KPMG LLP for the fiscal year ended December 31, 2010.
- Review the November 29, 2010 Form 8-K/A for the original rationale behind the auditor dismissal.