Business Context and Reporting Period
This Form 8-K was filed by Matador Resources Company on April 9, 2014. The report discloses a change in the Company's independent registered public accounting firm.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the administrative change of the external auditor.
Material Changes
- Appointment of New Auditor: The Audit Committee approved the appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2014.
- Dismissal of Prior Auditor: Grant Thornton LLP was dismissed as the Company's independent registered public accounting firm effective immediately upon the appointment of KPMG.
- Reason for Change: The decision was made during the annual review of the independent registered public accounting firm after soliciting proposals from several firms.
Guidance, Outlook, and Risks
Audit History and Disagreements: Grant Thornton's audit reports for the years ended December 31, 2012, and 2013 did not contain adverse opinions, disclaimers, or qualifications. There were no disagreements between the Company and Grant Thornton regarding accounting principles, practices, financial statement disclosures, or auditing scope/procedures during these periods or through the date of the report.
Consultations with New Auditor: The Company did not consult with KPMG regarding accounting principles, audit opinions, or any matters that would constitute a disagreement or reportable event prior to this appointment.
Outlook: The filing does not provide financial guidance or management commentary on future business operations.
Investor Verification Checklist
- Verify the effective date of KPMG LLP's engagement for the 2014 fiscal year.
- Confirm that Grant Thornton LLP's letter (Exhibit 16.1) contains no objections to the statements made in this filing.
- Review the Company's subsequent Form 10-K for the 2014 fiscal year to assess the impact of the auditor change on financial reporting.