CF Bankshares Inc. (CFBK) - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by CF Bankshares Inc. on March 26, 2025. The filing discloses a change in the Company's independent registered public accounting firm effective as of March 26, 2025.
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 corporate governance regarding the audit firm.
Material Changes
- Accountant Change: The Audit Committee approved the engagement of Plante & Moran, PLLC as the new independent registered public accounting firm for the fiscal year ending December 31, 2025.
- Previous Firm: Forvis Mazars, LLP served as the independent auditor for the years ended December 31, 2024, and 2023, and was dismissed effective March 27, 2025.
- Audit History: Reports issued by Forvis Mazars for 2023 and 2024 were unqualified and did not contain adverse opinions, disclaimers, or modifications regarding uncertainty, scope, or accounting principles.
- Disagreements: There were no disagreements with Forvis Mazars on accounting principles, practices, or audit scope during the two most recent fiscal years or the interim period through March 27, 2025.
- Consultations: No consultations were held with Plante & Moran regarding accounting principles or reportable events prior to their engagement.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, management outlook, or specific risk factors beyond the standard disclosure of the auditor change. The engagement of Plante & Moran is subject to the completion of standard client acceptance procedures.
Investor Verification Checklist
- Verify the completion of Plante & Moran's client acceptance procedures to confirm the finalization of the engagement.
- Review Exhibit 16.1 (Letter from Forvis Mazars) to confirm the former auditor's agreement with the Company's disclosures regarding the dismissal.
- Monitor upcoming quarterly and annual reports for the first financial statements audited by Plante & Moran.