8-KThe Red FlagsRed Alert
Auditor Change
Filed Mar 10, 2020 · 6y ago · Accession 0001193125-20-068580
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section 13 or 15 (d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 10, 2020 (March 4, 2020)
AMPCO-PITTSBURGH CORPORATION
(Exact name of registrant as specified in its charter)
Pennsylvania
1-898
25-1117717
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
726 Bell Avenue, Suite 301
Carnegie, Pennsylvania
15106
(Address of principal executive offices)
(Zip Code)
Registrants telephone number, including area code: (412)
456-4400
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions (see General Instruction A.2.):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange
on which registered
Common Stock, $1 par value
AP
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of
1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter)
Emerging growth company ☐
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act. ☐
Section 4 Matters Related to Accountants and Financial Statements
Item 4.01 Changes in Registrants Certifying Accountant.
Item 4.01(a)Dismissal of Auditor
The Audit Committee of the Board of Directors of Ampco-Pittsburgh Corporation (the Registrant or the Corporation), in
connection with carrying out its appointed duties and responsibilities, conducted a comprehensive, competitive process to determine the Corporations independent registered public accounting firm for the Corporations 2020 fiscal year. As
a result of this process, on March 4, 2020, the Audit Committee of the Corporation approved the dismissal of Deloitte & Touche LLP (D&T) as the Corporations independent registered public accounting firm, effective
as of the date of D&Ts completion of its audit services for the fiscal year ended December 31, 2019, and the filing of the Corporations Annual Report on Form 10-K.
Since 1999, D&T has audited our consolidated financial statements, including our consolidated balance sheets as of December 31, 2018,
and 2017, and our related consolidated statements of operations, comprehensive income (loss), shareholders equity, and cash flows for the years then ended, and the related notes (collectively referred to as the consolidated financial
statements). The audit reports of D&T on our consolidated financial statements for the periods stated above did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope,
or accounting principles.
During the fiscal years ended December 31, 2018, and 2017, and the subsequent interim period through
March 4, 2020, there were (1) no disagreements with D&T on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of
D&T, would have caused D&T to make reference to the subject matter of the disagreements in connection with its reports, and (2) no events of the type listed in paragraphs (A) through (D) of Item 304(a)(1)(v) of Regulation S-K.
We furnished D&T with a copy of this disclosure on March 4, 2020, providing D&T with
the opportunity to furnish the Corporation with a letter addressed to the SEC stating whether it agrees with the statements made by us herein in response to Item 304(a) of Regulation S-K and, if not, stating
the respect in which it does not agree. A copy of D&Ts letter to the SEC is filed as Exhibit 16.1 to this Report.
Item 4.01(b)Engagement of Auditor
On March 10, 2020, the Registrant engaged BDO USA LLP (BDO) as its new independent registered public accounting firm beginning
with the period ending December 31, 2020. The change in the Registrants independent registered public accounting firm was approved by the Audit Committee of the Corporation. During the most recent fiscal year and through the date of this
Current Report, neither the Registrant nor anyone on its behalf consulted with BDO regarding any of the following:
(i)
The application of accounting principles to a specific transaction, either completed or
proposed;
(ii)
The type of audit opinion that might be rendered on the Registrants consolidated financial statements,
and none of the following was provided to the Registrant:
(a)
a written report; or
(b)
oral advice that BDO concluded was an important factor considered by the Registrant in reaching a decision as
to an accounting, auditing or financial reporting issue; or
(iii)
Any matter that was subject of a disagreement, as that term is defined in Item 304(a)(1)(iv) of Regulation S-K, or a reportable event, as described in Item 304(a)(1)(v) of Regulation S-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
The following exhibits are filed with this Current
Report on Form 8-K:
Exhibit No.
Description
16.1
Letter to the Securities and Exchange Commission from Deloitte & Touche LLP.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
AMPCO-PITTSBURGH CORPORATION
Date: March 10, 2020
By:
/s/ Rose Hoover
Rose Hoover
President and Chief Administrative Officer
Filing details
- Company
- AMPCO PITTSBURGH CORP
- Ticker
- AP
- CIK
- 6176
- Form type
- 8-K
- Filing date
- Mar 10, 2020
- Report date
- Mar 4, 2020
- Document
- d895259d8k.htm
- Size
- 28 KB