Business Context and Reporting Period
This Form 8-K is a current report filed by Travelzoo Inc. on June 20, 2016. The filing addresses a change in the company's independent registered public accounting firm.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on corporate governance regarding the audit firm.
Material Changes
- Dismissal of Auditor: The Audit Committee dismissed KPMG LLP as the independent registered public accounting firm, effective June 20, 2016.
- Appointment of New Auditor: The Audit Committee appointed PricewaterhouseCoopers LLP (PwC) as the new independent registered public accounting firm, effective June 20, 2016.
- Audit History: KPMG's reports for the fiscal years ended December 31, 2015, and December 31, 2014, contained no adverse opinions, disclaimers, or qualifications.
- Disagreements: There were no disagreements with KPMG regarding accounting principles, practices, or auditing scope during the two most recent fiscal years and the interim period through June 20, 2016.
- Consultations: The company did not consult PwC regarding any accounting or auditing matters prior to their engagement.
Guidance, Outlook, and Risks
The filing does not provide financial guidance, outlook, or management commentary on business operations. It confirms that there were no "reportable events" associated with the change in auditors.
Investor Verification Checklist
- Verify the effective date of the auditor transition (June 20, 2016).
- Confirm the absence of disagreements or reportable events with the former auditor, KPMG.
- Review the attached letter from KPMG (Exhibit 16.1) for their concurrence with the statements in this filing.
- Note that this filing does not impact the financial statements for the periods already audited by KPMG.