Business Context and Reporting Period
This Form 8-K Current Report was filed by Delcath Systems, Inc. on March 18, 2025. The filing addresses a change in the Company's independent registered accounting firm.
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 the change in auditors and does not contain financial statement data.
Material Changes
- Resignation of Auditor: Marcum LLP resigned as the Company's independent registered accounting firm on March 18, 2025.
- Appointment of New Auditor: CBIZ CPAs P.C. was engaged, effective immediately, as the independent registered public accounting firm for the fiscal year ended December 31, 2025.
- Reason for Change: The resignation follows the acquisition of Marcum's attest business by CBIZ CPAs on November 1, 2024.
- Audit History: Marcum's reports for fiscal years 2023 and 2024 contained no adverse opinions or disclaimers. However, the 2023 report included an explanatory paragraph regarding substantial doubt about the Company's ability to continue as a going concern.
- Disagreements: The Company reported no disagreements with Marcum regarding accounting principles, practices, or audit scope during the relevant periods.
Guidance, Outlook, and Risks
The filing does not contain management guidance, future outlook, or new risk factors. The primary disclosure relates to the transition of audit services. The Company confirmed that no consultations were held with CBIZ CPAs regarding accounting principles or reportable events prior to their engagement.
Investor Verification Checklist
- Verify the status of the "substantial doubt about going concern" noted in the 2023 audit report and whether it has been resolved in the 2024 financials.
- Review the letter from Marcum LLP (Exhibit 16.1) to confirm their agreement with the Company's statements regarding the resignation.
- Monitor upcoming filings (10-K or 10-Q) for the first financial statements audited by CBIZ CPAs P.C.
- Confirm the effective date of the new auditor's engagement for the fiscal year ending December 31, 2025.