Cryoport, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Cryoport, Inc. (CYRX) on August 20, 2019, covering events occurring on August 15, 2019. The filing addresses a change in the Company's independent registered public accounting firm.
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 Company dismissed KMJ Corbin & Company LLP ("KMJ") effective August 15, 2019.
- New Appointment: Ernst & Young LLP ("EY") was appointed as the new independent registered public accounting firm, effective immediately upon KMJ's dismissal.
- Approval: The decision was approved by the Audit Committee of the Board of Directors.
Outlook, Risks, and Contingencies
Consultations and Disagreements: The Company reported no consultations with EY regarding accounting principles or audit opinions during the two most recent fiscal years or the interim period. Furthermore, there were no disagreements or "reportable events" with KMJ regarding accounting principles, financial statement disclosure, or auditing scope during the same periods.
Previous Audit Opinions: KMJ's reports for the fiscal years ended December 31, 2018, and 2017, did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
Key Facts for Investor Verification
- Verify the effective date of the transition from KMJ Corbin & Company LLP to Ernst & Young LLP (August 15, 2019).
- Confirm the absence of any disagreements or reportable events with the former auditor, KMJ, as stated in the filing.
- Review Exhibit 16.1 (Letter from KMJ) to confirm the former auditor's agreement with the Company's statements regarding the dismissal.