Business Context and Reporting Period
This Form 8-K Current Report is filed by Brunswick Corporation, a Delaware corporation, with a report date of February 18, 2014. The filing primarily addresses a change in the company's independent registered public accounting firm.
Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is strictly procedural regarding the appointment of an auditor.
Material Changes
The material change reported is the dismissal of Ernst & Young LLP (EY) as the independent registered public accounting firm, effective as of the filing of the Annual Report on Form 10-K for the fiscal year ended December 31, 2013. Deloitte and Touche LLP (Deloitte) has been engaged as the new independent registered public accounting firm commencing with the audit for the fiscal year ending December 31, 2014.
Management Commentary and Risks
Management confirmed that during the fiscal years ended December 31, 2011 and 2012, and the period from December 31, 2013 through February 14, 2014, there were no disagreements between Brunswick and EY regarding accounting principles, financial statement disclosure, or auditing scope. EY's audit reports for these periods did not contain adverse opinions, disclaimers, or qualifications. Furthermore, the company stated that no consultations were held with Deloitte regarding accounting principles or disagreements prior to their engagement.
Key Facts for Investor Verification
- Ernst & Young LLP was dismissed as the independent auditor effective February 14, 2014.
- Deloitte and Touche LLP was engaged to audit the fiscal year ending December 31, 2014.
- No disagreements or reportable events occurred between the company and EY during the relevant periods.
- EY's letter confirming the absence of disagreements is filed as Exhibit 16.1.