SEC Filing Summary: First Northern Community Bancorp (FNRN)
Business Context and Reporting Period
This Form 8-K was filed by First Northern Community Bancorp on June 6, 2025, reporting events occurring on June 3, 2025. The filing addresses a change in the registrant's certifying accountant due to a merger between the incumbent firm and a successor entity.
Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current event disclosure regarding auditor changes and does not contain financial statement data.
Material Changes
- Accountant Merger: Moss Adams LLP, the Company's independent registered public accounting firm, merged with Baker Tilly US, LLP effective June 3, 2025.
- Resignation and Appointment: Moss Adams resigned as the Company's auditor. The Audit Committee approved the appointment of Baker Tilly US, LLP as the successor independent registered public accounting firm.
- Audit History: Audit reports for the years ended December 31, 2024, and 2023, did not contain adverse opinions, disclaimers, or qualifications.
Outlook, Risks, and Management Commentary
Management confirmed that during the years ended December 31, 2024 and 2023, and the interim period through June 3, 2025, there were no disagreements with Moss Adams regarding accounting principles, financial statement disclosures, or auditing scope. Additionally, no reportable events requiring disclosure under Regulation S-K Item 304(a)(1)(v) occurred. The Company did not consult with Baker Tilly regarding accounting applications or potential audit opinions prior to this appointment.
Key Facts for Investor Verification
- Verify the effective date of the auditor transition (June 3, 2025) and the continuity of the audit practice under Baker Tilly US, LLP.
- Confirm the absence of any undisclosed disagreements or reportable events with the former auditor, Moss Adams LLP.
- Review the letter from Moss Adams LLP (Exhibit 16.1) to ensure the former auditor agrees with the Company's statements regarding the change.