Primis Financial Corp. 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed by Primis Financial Corp. on June 6, 2022, covering the event date of June 1, 2022. The filing addresses a change in the Company's independent registered public accounting firm.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report is a disclosure of a corporate governance event rather than a financial performance report.
Material Changes
The primary material change reported is the transition of the Company's independent auditor. Dixon Hughes Goodman LLP (DHG) merged with BKD, LLP to form FORVIS, LLP. Consequently, the Audit Committee approved the engagement of FORVIS, LLP as the new independent registered public accounting firm effective June 1, 2022.
Management Commentary and Risks
Management confirmed that during the last two fiscal years ended December 31, 2021, and the interim period through June 1, 2022, there were no disagreements with DHG regarding accounting principles, financial statement disclosures, or auditing scope. Additionally, the Company did not consult with BKD on any accounting matters or reportable events prior to the merger. The filing includes a letter from FORVIS, LLP confirming agreement with these statements.
Investor Verification Checklist
- Verify the effective date of the auditor transition (June 1, 2022).
- Confirm the new auditor's name is FORVIS, LLP.
- Review Exhibit 16.1 for the formal letter from FORVIS, LLP.
- Note that no accounting disagreements or consultations with the new firm occurred prior to the merger.