SEC Filing Summary: HAPC, INC. (Form 8-K)
Business Context and Reporting Period
This Form 8-K was filed by HAPC, INC. on October 23, 2006. The registrant is incorporated in Delaware with principal executive offices in New York, New York. The report discloses a material change in the company's certifying accountant effective as of the filing date.
Key Financial Metrics
The filing 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 the independent registered public accounting firm.
Material Changes
- Accountant Change: The Audit Committee engaged Deloitte & Touche LLP as the new independent registered public accounting firm for the fiscal year ending December 31, 2006.
- Dismissal: Miller, Ellin and Company, LLP was dismissed as the previous independent registered public accounting firm on October 23, 2006.
- Historical Opinions: Reports issued by Miller, Ellin and Company, LLP for periods ending December 31, 2005, and April 18, 2006, did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
- Disagreements: The company reported no disagreements with the former accountant regarding accounting principles, practices, financial statement disclosures, or auditing scope/procedures during the relevant periods.
- Reportable Events: No reportable events as defined in Item 304(a)(1)(v) of Regulation S-K occurred during the periods from inception (August 15, 2005) through October 23, 2006.
Guidance, Outlook, and Risks
The filing contains no management guidance, financial outlook, or discussion of specific business risks. It confirms that no consultations regarding accounting principles or audit opinions were held with Deloitte & Touche LLP prior to their engagement. A letter from the former accountant, Miller, Ellin and Company, LLP, confirming agreement with the company's statements is filed as Exhibit 16.1.
Investor Verification Checklist
- Verify the reasons for the dismissal of Miller, Ellin and Company, LLP, as the filing states no disagreements occurred.
- Review the letter from Miller, Ellin and Company, LLP (Exhibit 16.1) to confirm their concurrence with the company's disclosures.
- Monitor future filings for the first financial statements audited by Deloitte & Touche LLP for the fiscal year ending December 31, 2006.
- Note that the company name in the metadata (Infusystem Holdings, Inc) differs from the registrant name in the filing (HAPC, INC); verify if a name change or corporate restructuring has occurred.