Business Context and Reporting Period
This Form 8-K filing by PDF Solutions, Inc. (Delaware) reports a corporate governance event dated September 13, 2018. The filing was signed on September 18, 2018, by John K. Kibarian, President, CEO, and Director.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the change of the independent registered public accounting firm.
Material Changes
- Dismissal of Auditor: PricewaterhouseCoopers (PwC) was dismissed as the Company's independent registered public accounting firm on September 13, 2018.
- Appointment of New Auditor: The Audit Committee approved the appointment of BPM LLP as the new independent registered public accounting firm for the fiscal year ending December 31, 2018, subject to standard client acceptance procedures.
- Audit History: PwC's reports for fiscal years 2016 and 2017 contained no adverse opinions, disclaimers, or qualifications. There were no disagreements with PwC regarding accounting principles, practices, or audit scope during the two most recent fiscal years or the interim period through September 13, 2018.
- Consultations: The Company did not consult with BPM LLP regarding accounting principles or audit opinions during the two most recent fiscal years or the interim period.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding future business performance. No specific risks or contingencies related to financial operations are disclosed in this document, other than the standard procedural requirement for the new auditor to complete client acceptance procedures.
Investor Verification Checklist
- Verify the completion of BPM LLP's standard client acceptance procedures.
- Review the letter from PwC (Exhibit 16.1) to confirm their agreement with the Company's statements regarding the dismissal.
- Monitor subsequent filings for the appointment of a new auditor for the 2019 fiscal year if BPM LLP is not retained.
- Check for any related press releases or 10-Q/10-K filings that may provide context for the auditor change not included in this 8-K.