Business Context and Reporting Period
This Form 8-K Current Report was filed by Eagle Bancorp Montana, Inc. on July 24, 2025. The filing primarily addresses Item 4.01, detailing changes in the registrant's certifying accountant. The company is incorporated in Delaware and operates its principal executive offices in Helena, Montana.
Key Financial Metrics
This filing does not contain revenue, profit, cash flow, margin, debt, or liquidity metrics. The document focuses exclusively on corporate governance and audit firm transitions.
Material Changes
- Accountant Merger: The company's prior auditor, Moss Adams LLP, merged with Baker Tilly US, LLP. Consequently, Moss Adams resigned, and Baker Tilly was initially appointed as the successor firm.
- New Auditor Appointment: Following a Request for Proposal (RFP) process, the Board of Directors approved the appointment of Plante & Moran, PLLC as the new independent registered public accounting firm for the fiscal year ending December 31, 2026.
- Dismissal of Baker Tilly: The appointment of Plante & Moran is contingent upon the dismissal of Baker Tilly. This change will become effective upon the issuance of Baker Tilly's report on the consolidated financial statements and internal controls for the fiscal year ending December 31, 2025.
Outlook, Risks, and Contingencies
- Material Weakness in Internal Controls: The audit report for the year ended December 31, 2024, contained an adverse opinion on the effectiveness of internal control over financial reporting. This was due to a material weakness regarding the classification of borrowings as short-term or long-term and their presentation in the statement of cash flows.
- Remediation Status: The filing explicitly states that the material weakness has not yet been remediated as of July 24, 2025.
- No Disagreements: The company reported no disagreements with Moss Adams or Baker Tilly regarding accounting principles, practices, or auditing scope during the relevant periods, aside from the previously disclosed material weakness.
- Consultation: The company confirmed it did not consult with Plante & Moran on any accounting or auditing matters prior to the engagement decision.
Investor Verification Checklist
- Verify the status of the material weakness in internal controls regarding borrowing classification and cash flow presentation.
- Confirm the execution of the engagement letter with Plante & Moran, PLLC.
- Monitor the upcoming Form 10-K for the fiscal year ending December 31, 2025, to confirm the issuance of the audit report by Baker Tilly and the formal transition to Plante & Moran.
- Review the letter from Baker Tilly US, LLP (Exhibit 16.1) for any dissenting statements regarding the company's disclosures.