Business Context and Reporting Period
Company: Bank of Marin Bancorp
Filing Type: Form 8-K (Current Report)
Date of Report: June 3, 2025
Principal Event: Change in Registrant's Certifying Accountant due to a merger between the incumbent auditor and a successor firm.
Financial Metrics
This filing does not contain financial performance data. The document is a procedural report regarding the appointment of a new independent registered public accounting firm. No revenue, profit, cash flow, margin, debt, or liquidity figures are disclosed in this text.
Material Changes
- Accountant Merger: Moss Adams LLP merged with Baker Tilly US, LLP effective June 3, 2025.
- Resignation and Appointment: Moss Adams LLP resigned as the Company's auditor. The Audit Committee approved the appointment of Baker Tilly US, LLP as the successor independent registered public accounting firm.
- Audit History: Audit reports for the years ended December 31, 2024, and 2023, and the three-year period ended December 31, 2024, contained no adverse opinions, disclaimers, or qualifications.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms there were no disagreements with Moss Adams regarding accounting principles, practices, financial statement disclosures, or auditing scope/procedures during the years ended December 31, 2024 and 2023, or the interim period through June 3, 2025.
Consultations: The Company did not consult with Baker Tilly regarding the application of accounting principles to specified transactions or potential audit opinions prior to this appointment.
Risks and Contingencies: No specific financial risks or contingencies are detailed in this filing. The transition is presented as a standard administrative change resulting from the merger of the audit firms.
Key Facts for Investor Verification
- Verify the effective date of the auditor transition (June 3, 2025) and the continuity of the audit engagement under the new firm name (Baker Tilly US, LLP).
- Confirm that the resignation of Moss Adams was not triggered by any disagreements or reportable events, as explicitly stated in the filing.
- Review the attached Exhibit 16.1 (Letter from Moss Adams) to ensure the former auditor concurred with the Company's statements regarding the change.
- Note that this filing does not impact the Company's financial statements for the periods ended December 31, 2024, or 2023.