Business Context and Reporting Period
This Form 8-K is filed by GHL Acquisition Corp. (not Iridium Communications Inc.) on January 21, 2009. The report discloses a change in the company's independent registered public accounting firm.
Key Financial Metrics
The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the administrative change of auditors.
Material Changes
- Dismissal of Auditor: Effective January 21, 2009, the company dismissed Eisner LLP as its independent registered public accounting firm.
- Engagement of New Auditor: The company engaged Ernst & Young LLP as its new independent registered public accounting firm for the year ended December 31, 2008.
- Audit History: Eisner LLP audited financial statements for the period ended December 31, 2007. The report contained no adverse opinions, disclaimers, or qualifications. Eisner had not audited the 2008 financial statements.
Guidance, Risks, and Contingencies
- Disagreements: The company reported no disagreements with Eisner LLP regarding accounting principles, practices, financial statement disclosures, or auditing scope during the period from inception (November 2, 2007) through the date of dismissal.
- Reportable Events: No "reportable events" as defined in Regulation S-K occurred during the relevant periods.
- Consultation with New Auditor: The company confirmed that neither it nor anyone acting on its behalf consulted with Ernst & Young LLP on matters set forth in Item 304(a)(2) of Regulation S-K prior to the engagement.
Investor Verification Checklist
- Verify the identity of the registrant (GHL Acquisition Corp.) to ensure it is not confused with Iridium Communications Inc.
- Review the letter from Eisner LLP (Exhibit 16.1) to confirm their agreement with the company's disclosures regarding the dismissal.
- Monitor future filings for the 2008 audited financial statements prepared by Ernst & Young LLP.