Business Context and Reporting Period
This Form 8-K Current Report was filed by Laird Superfood, Inc. (NYSE American: LSF) on March 10, 2025. The filing addresses a significant corporate governance event: the change of the Company's independent registered public accounting firm.
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 replacement of the Company's external auditor:
- Dismissal: On March 10, 2025, the Board of Directors dismissed Moss Adams LLP effective immediately.
- Engagement: On the same date, the Board engaged KPMG LLP as the new independent registered public accounting firm for the fiscal year ending December 31, 2025, effective immediately.
Management Commentary, Risks, and Contingencies
Management provided the following assurances regarding the transition:
- No Disagreements: There were no disagreements with Moss Adams LLP regarding accounting principles, practices, financial statement disclosures, or auditing scope during the fiscal years ended December 31, 2024 and 2023, or the subsequent period through March 10, 2025.
- Clean Opinions: Moss Adams' reports on the consolidated financial statements did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
- No Reportable Events: The Company confirmed there were no "reportable events" as defined in Item 304(a)(1)(v) of Regulation S-K.
- New Auditor Consultation: The Company confirmed it had not consulted with KPMG regarding accounting principles or audit opinions during the two most recent fiscal years or the interim period leading up to the engagement.
Key Facts for Investor Verification
- Verify the content of the letter from Moss Adams LLP (Exhibit 16.1) to confirm their agreement with the Company's statements regarding the dismissal.
- Monitor future filings to confirm the completion of KPMG's standard client acceptance procedures.
- Review upcoming quarterly or annual reports to assess if the auditor change impacts the timing or nature of future financial disclosures.