Radiant Logistics, Inc. (RLGT) - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Radiant Logistics, Inc. on December 18, 2019, covering events occurring on December 16, 2019. The Company is incorporated in Delaware and trades on the NYSE American under the symbol RLGT.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The report is strictly informational regarding a change in the Company's independent registered public accounting firm.
Material Changes
- Accountant Resignation: Peterson Sullivan LLP ("PS") resigned as the Company's independent registered public accounting firm on December 16, 2019.
- Reason for Resignation: The resignation resulted from the partners and professional staff of PS joining BDO USA, LLP ("BDO") on November 1, 2019.
- New Appointment: BDO USA, LLP was appointed as the new independent registered public accounting firm on December 16, 2019, following approval by the Audit and Executive Oversight Committee.
Management Commentary and Risks
Management confirmed that the audit reports issued by PS for the fiscal years ended June 30, 2019, and 2018 were unqualified and did not contain adverse opinions or disclaimers. There were no disagreements between the Company and PS regarding accounting principles, financial statement disclosures, or auditing scope during the relevant periods. Additionally, the Company reported no consultations with BDO regarding accounting principles or reportable events prior to their engagement.
Investor Verification Checklist
- Verify the transition timeline between Peterson Sullivan LLP and BDO USA, LLP to ensure audit continuity.
- Review the letter from Peterson Sullivan LLP filed as Exhibit 16.1 for any dissenting statements regarding the resignation.
- Confirm the effective date of BDO's engagement for future audit cycles.
- Check subsequent filings for the first financial statements audited by BDO.