Business Context and Reporting Period
Company: Key Tronic Corporation (KTCC)
Filing Type: Form 8-K (Current Report)
Date of Report: June 3, 2025
Reporting Period: The filing addresses a specific corporate event occurring on June 3, 2025, regarding a change in the registrant's certifying accountant.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is strictly procedural regarding the appointment of a new independent registered public accounting firm.
Material Changes
- Change in Certifying Accountant: On June 3, 2025, Moss Adams LLP merged with Baker Tilly US, LLP. Consequently, Moss Adams resigned as the Company's auditor.
- Successor Appointment: The Audit Committee approved the appointment of Baker Tilly US, LLP as the successor independent registered public accounting firm effective June 3, 2025.
- Historical Audit Opinions: The audit reports issued by Moss Adams for the years ended June 29, 2024, July 1, 2023, and July 2, 2022, did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, scope, or accounting principles. However, the reports for 2023 and 2022 included an explanatory paragraph regarding the restatement of consolidated financial statements.
- Disagreements: There were no disagreements with Moss Adams on accounting principles, practices, or auditing scope during the relevant periods.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms that neither the Company nor its representatives consulted with Baker Tilly regarding accounting principles, audit opinions, disagreements, or reportable events prior to the appointment.
Risks and Contingencies: No new risks or contingencies are disclosed in this specific filing. The transition of the audit firm is presented as a result of a merger between the two firms rather than a dispute or financial distress event.
Investor Verification Checklist
- Verify the details of the merger between Moss Adams LLP and Baker Tilly US, LLP to understand the continuity of the audit practice.
- Review the restatement of consolidated financial statements for the years ended July 1, 2023, and July 2, 2022, referenced in the explanatory paragraph of prior audit reports.
- Confirm the effective date of Baker Tilly US, LLP's engagement as the independent auditor.
- Examine Exhibit 16.1 (Letter from Moss Adams LLP) for any additional context regarding the resignation.