Beam Global Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Beam Global (Nevada) on April 7, 2021, reporting events occurring on April 1, 2021. The Company is listed on the NASDAQ Capital Market under the symbols BEEM (Common Stock) and BEEMW (Warrants).
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 a change in the Company's independent registered public accounting firm.
Material Changes
- Dismissal of Former Auditor: On April 1, 2021, the Audit Committee dismissed Salberg & Company, P.A. as the independent registered public accounting firm.
- Appointment of New Auditor: On April 1, 2021, the Audit Committee appointed RSM US LLP as the new independent registered public accounting firm, effective immediately.
- Audit History: The audit reports for the years ended December 31, 2020, and 2019, issued by Salberg, did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, scope, or accounting principles.
- Disagreements: There were no disagreements with Salberg on accounting principles, practices, or auditing scope during the two fiscal years ended December 31, 2020, and the interim period through March 31, 2021.
Guidance, Outlook, and Risks
The filing does not contain management guidance, financial outlook, or specific risk factors beyond the standard disclosure regarding the change in auditors. The Company confirmed that no "reportable events" occurred during the relevant periods with the former auditor.
Investor Verification Checklist
- Verify the letter from Salberg & Company, P.A. (Exhibit 16.1) to confirm their agreement with the Company's disclosures regarding the dismissal.
- Confirm the effective date of RSM US LLP's engagement and any transition timelines for the upcoming audit cycle.
- Review subsequent filings to ensure no undisclosed disagreements or reportable events are revealed in future correspondence.