SEC Filing Summary: Five Star Bancorp (FSBC)
Business Context and Reporting Period
This Form 8-K Current Report was filed by Five Star Bancorp on June 6, 2025, covering an event dated June 3, 2025. The registrant is a California corporation listed on The Nasdaq Stock Market LLC under the symbol FSBC and is classified as an emerging growth company.
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 registrant's certifying accountant and does not contain financial statement data or performance metrics.
Material Changes
The primary material change disclosed is the transition of the Company's independent registered public accounting firm. On June 3, 2025, Moss Adams LLP consummated a merger with Baker Tilly US, LLP. Consequently, Moss Adams ceased to serve as the Company's auditor, and the Audit Committee appointed Baker Tilly US, LLP as the successor independent registered public accounting firm.
Management Commentary and Risks
- Audit History: The audit reports issued by Moss Adams for the years ended December 31, 2024, and 2023, and the three-year period ended December 31, 2024, did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, scope, or accounting principles.
- Disagreements: There were no disagreements with Moss Adams on accounting principles, financial statement disclosures, or auditing scope during the relevant periods that would have required reference in their reports.
- Consultations: The Company did not consult with Baker Tilly regarding accounting principles or potential audit opinions prior to the merger's effectiveness.
- Confirmation: Moss Adams provided a letter to the Commission confirming the accuracy of the statements regarding the absence of disagreements or reportable events.
Key Facts for Investor Verification
- Verify the effective date of the auditor transition (June 3, 2025) and the new firm name (Baker Tilly US, LLP).
- Confirm that the prior auditor (Moss Adams) issued unqualified opinions for the 2023 and 2024 fiscal years.
- Review Exhibit 16.1 (Letter from Moss Adams) for any additional disclosures regarding the transition.
- Note that this filing does not contain updated financial results; investors should refer to the most recent 10-K or 10-Q for financial performance data.