Business Context and Reporting Period
This Form 8-K is filed by KSIX Media Holdings, Inc. (not Surgepays, Inc., as indicated in the metadata) on September 11, 2017. The report discloses a change in the company's certifying accountant. The registrant is incorporated in Nevada with principal executive offices in Henderson, NV.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on auditor changes and does not contain financial performance data.
Material Changes
- Termination of Auditor: On September 11, 2017, KSIX terminated AMC Auditing, LLC as its independent auditors. AMC had served the company since May 9, 2017, but had not certified any financial results during their tenure.
- Engagement of New Auditor: The Board of Directors approved the engagement of Paritz & Company, P.A. on August 11, 2017, to serve as independent public accountants for the fiscal year ending December 31, 2016. Paritz had previously served as the certifying accountant until May 9, 2017.
- No Disputes: The company reported no disagreements with AMC Auditing regarding accounting principles, financial statement disclosure, or auditing scope.
Guidance, Outlook, and Risks
The filing contains no management guidance, outlook, or discussion of future risks. The only contingency noted is the transition of audit services, which was executed without reported disputes or adverse opinions from the former auditor.
Key Facts for Investor Verification
- Verify the reason for the rapid turnover of auditors (AMC served only from May to September 2017).
- Confirm that Paritz & Company, P.A. has no conflicts of interest given their prior service to the company.
- Review the attached Exhibit 16.1 (Letter from AMC Auditing) to ensure the auditor agrees with the company's statements regarding the termination.
- Note that the metadata company name "Surgepays, Inc." does not match the registrant "KSIX Media Holdings, Inc." in the filing text.