Business Context and Reporting Period
Company: Sound Financial Bancorp, Inc. (SFBC)
Filing Type: Form 8-K (Current Report)
Date of Report: June 3, 2025
Reporting Period: The filing addresses events 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. There are no disclosures regarding revenue, profit, cash flow, margins, debt, or liquidity metrics within this document.
Material Changes
The primary material change reported is the transition of the Company's independent registered public accounting firm due to a merger:
- Resignation: Moss Adams LLP resigned as the Company's auditor effective June 3, 2025.
- Successor Appointment: Baker Tilly US, LLP was appointed as the new independent registered public accounting firm following the merger of Moss Adams with Baker Tilly US, LLP.
- Audit History: Audit reports for the years ended December 31, 2024, and 2023, did not contain adverse opinions, disclaimers, or qualifications.
- Disagreements: No disagreements or reportable events occurred between the Company and Moss Adams during the 2023-2024 periods or the interim period through June 3, 2025.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms that the Audit Committee approved the appointment of Baker Tilly as the successor to Moss Adams. The Company confirmed no consultations with Baker Tilly regarding accounting principles or potential audit opinions prior to the appointment.
Risks and Contingencies: No specific risks, contingencies, or unusual items are disclosed in this filing. The transition is presented as a standard administrative change resulting from the merger of the accounting firms.
Investor Verification Checklist
- Verify the effective date of the auditor transition (June 3, 2025).
- Confirm that the new auditor, Baker Tilly US, LLP, is registered with the PCAOB.
- Review the attached letter from Moss Adams (Exhibit 16.1) to ensure no undisclosed disagreements exist.
- Monitor future filings for the first audit report issued by Baker Tilly US, LLP.