Business Context and Reporting Period
Company: Red Robin Gourmet Burgers, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: March 25, 2015
Reporting Period: The filing addresses events occurring on March 25, 2015, and March 26, 2015, regarding the change of the Company's independent registered public accounting firm.
Key Financial Metrics
This filing does not contain financial performance data. There are no reported values for revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
The primary material change reported is the replacement of the Company's independent registered public accounting firm:
- Dismissal: Deloitte & Touche LLP (D&T) was dismissed as the independent registered public accounting firm on March 25, 2015.
- Engagement: KPMG LLP was approved by the Audit Committee on March 26, 2015, to serve as the independent registered public accounting firm for the fiscal year ending December 27, 2015. An engagement letter was signed on March 31, 2015.
- Audit History: D&T's reports for the fiscal years ended December 28, 2014, and December 29, 2013, were unqualified and did not contain adverse opinions, disclaimers, or modifications regarding uncertainty, audit scope, or accounting principles.
- Disagreements: The Company reported no disagreements with D&T on accounting principles, practices, financial statement disclosures, or auditing scope/procedures during the two most recent fiscal years or the subsequent interim period.
Guidance, Outlook, and Risks
Management Commentary: The change in auditors resulted from an evaluation performed by the Audit Committee of the Board of Directors. The Company confirmed that no reportable events occurred under Regulation S-K Item 304(a)(1)(v) during the relevant periods.
Consultations with New Auditor: The Company confirmed that neither it nor anyone on its behalf consulted KPMG regarding the application of accounting principles to specified transactions or the type of audit opinion that might be rendered during the two most recent fiscal years or the interim period preceding the engagement.
Risks and Contingencies: No specific financial risks or contingencies are detailed in this filing beyond the standard disclosure of the auditor change.
Investor Verification Checklist
- Verify the content of the letter from Deloitte & Touche LLP (Exhibit 16.1) to confirm their agreement with the Company's statements regarding the dismissal.
- Review the engagement letter signed on March 31, 2015, between the Company and KPMG LLP to understand the scope of the new audit engagement.
- Monitor future filings (e.g., 10-K, 10-Q) to assess the impact of the auditor change on financial reporting timelines or disclosures.
- Confirm that no undisclosed disagreements or reportable events exist by cross-referencing the Company's statements with the independent letter from the former auditor.