SEC Filing Summary: Westfield Financial, Inc. (Form 8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Westfield Financial, Inc. on June 17, 2004, covering events occurring on June 15, 2004. The filing addresses a change in the company's independent auditors. Note: The request metadata references "Western New England Bancorp, Inc.," but the filing text explicitly identifies the registrant as "Westfield Financial, Inc."
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. Item 7(a) explicitly states that no financial statements are required to be filed with this report.
Material Changes
- Auditor Disengagement: Effective June 15, 2004, the Audit Committee voted not to re-engage Deloitte & Touche LLP as the independent auditor.
- Auditor Engagement: On the same date, the Audit Committee appointed Wolf & Company, PC as the new independent accountant for the fiscal year ending December 31, 2004.
- Historical Audit Status: Deloitte & Touche's reports for the years ended December 31, 2003 and 2002 contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, scope, or accounting principles.
- Disagreements: There were no disagreements with Deloitte & Touche during 2002, 2003, or the interim period through June 15, 2004, regarding accounting principles, practices, or audit scope.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, outlook, or management commentary on future performance. The primary risk disclosed is the change in independent auditors. The company confirmed it has not consulted the newly engaged accountant (Wolf & Company, PC) regarding accounting principles for specific transactions or the type of audit opinion that might be rendered.
Key Facts for Investor Verification
- Verify the reason for the change from Deloitte & Touche LLP to Wolf & Company, PC, as the filing states no disagreements occurred.
- Review the attached Exhibit 16.1 (Letter re: Change in Certifying Accountant) for Deloitte & Touche's response to the registrant's statements.
- Confirm the effective date of the new auditor's engagement is June 15, 2004, for the fiscal year ending December 31, 2004.
- Note that this filing contains no financial data; refer to the most recent 10-K or 10-Q for financial metrics.