Business Context and Reporting Period
Company: ALICO, INC.
Filing Type: Form 8-K (Current Report)
Date of Report: June 7, 2004
Event: Change in Registrant's Certifying Accountant
Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document is strictly a notification of an auditor change.
Material Changes
- Former Accountant: KPMG LLP was dismissed effective June 7, 2004.
- New Accountant: Tedder, James, Worden & Associates was engaged effective June 7, 2004.
- Reason for Change: The Audit Committee made the decision following a Request for Proposals process, citing service needs, auditor independence, cost efficiencies, and the ability to provide requested services.
- Relationship History: Alico had a 21-year association with KPMG.
Management Commentary and Risks
- Disagreements: Management explicitly stated there were no disagreements with KPMG regarding accounting principles, practices, financial statement disclosure, or auditing scope/procedures during the two most recent fiscal years or through June 7, 2004.
- Reportable Events: No reportable events as defined in Item 304(a)(1)(v) of Regulation S-K occurred during the relevant period.
- Opinion Status: KPMG's reports for the past two fiscal years contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
- Consultation with New Auditor: Alico had not consulted with Tedder, James, Worden & Associates on any accounting or auditing matters prior to engagement.
Key Facts for Investor Verification
- Verify the receipt of KPMG's letter to the Commission confirming agreement with the statements made in this filing.
- Confirm the effective date of the new auditor engagement (June 7, 2004) versus the press release date (June 8, 2004).
- Review future filings to ensure the transition to the new auditor proceeds without qualification or delay.