Business Context and Reporting Period
This Form 8-K is filed by American Realty Capital Global Trust, Inc. (not Global Net Lease, Inc.) on January 20, 2015, reporting an event that occurred on January 13, 2015. The filing addresses a change in the registrant'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 focuses exclusively on corporate governance regarding the audit firm.
Material Changes
- Accountant Dismissal: Grant Thornton LLP was dismissed as the independent registered public accounting firm effective January 13, 2015.
- New Appointment: PricewaterhouseCoopers LLP (PwC) was engaged as the new independent registered public accounting firm effective January 13, 2015.
- Audit Committee Approval: The decision was approved by the Company's audit committee.
Guidance, Outlook, and Risks
Audit History: Grant Thornton's audit reports for fiscal years ended December 31, 2012, and 2013 did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, scope, or accounting principles.
Disagreements: There were no disagreements between the Company and Grant Thornton during the two most recent fiscal years and the interim period through January 13, 2015, regarding accounting principles, practices, disclosures, or auditing scope.
Reportable Events: No "reportable events" as defined in Item 304(a)(1)(v) of Regulation S-K occurred during the specified periods.
Consultation with New Firm: The Company did not consult PwC regarding matters set forth in Item 3.04(a)(2) of Regulation S-K during the two most recent fiscal years and the interim period.
Investor Verification Checklist
- Verify the identity of the registrant (American Realty Capital Global Trust, Inc.) versus the requested company name (Global Net Lease, Inc.).
- Confirm the effective date of the auditor change (January 13, 2015).
- Review the attached letter from Grant Thornton LLP (Exhibit 16.1) for their concurrence with the Company's statements.
- Monitor future filings for the first audit report issued by PwC.