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CTD Holdings, Inc. 8-K Report: Auditor Change to WithumSmith+Brown, PC

$CYTHW
Form 8-K
Filed on: 2016-02-03
Source
CTD Holdings, Inc. 8-K Report: Auditor Change to WithumSmith+Brown, PC

Key Information from the SEC Filing (Form 8-K) of CTD Holdings, Inc.

Filing Details:

  • Type: 8-K
  • Date of Report: January 31, 2016
  • Company Name: CTD Holdings, Inc.
  • State of Incorporation: Florida
  • Commission File Number: 000-25466
  • IRS Employer Identification No.: 59-3029743
  • Address: 14120 N.W. 126th Terrace, Alachua, Florida, 32615
  • Phone Number: 386-418-8060

Item 4.01 - Change in Registrant’s Certifying Accountant:

  • Previous Accountant: Averett Warmus Durkee, P.A. (Averett)
  • Reason for Change: Averett ceased to serve due to its acquisition by WithumSmith+Brown, PC (Withum).
  • Effective Date of Resignation: January 31, 2016.
  • New Accountant: WithumSmith+Brown, PC
  • Effective Date of Engagement: February 1, 2016.
  • Approval: The engagement of Withum was unanimously approved by the Company’s audit committee.

Auditor's Report:

  • Reports from Averett for the two most recent fiscal years did not contain any adverse opinions, disclaimers, or modifications regarding uncertainty, audit scope, or accounting principles.
  • During the last two fiscal years and up to January 31, 2016:
  • No disagreements with Averett on accounting matters, financial disclosures, or auditing procedures.
  • No reportable events as defined by SEC regulations.

Consultation with New Accountant:

  • The Company has not consulted Withum regarding:
  • The application of accounting principles to any transactions or the type of audit opinion on financial statements.
  • Any matters that would qualify as disagreements or reportable events under SEC definitions.

Additional Information:

  • The Company provided Averett with a copy of this Form 8-K and requested a letter regarding agreement with the statements made. A letter dated February 1, 2016, is attached as Exhibit 16.

Conclusion:

CTD Holdings, Inc. has transitioned from Averett Warmus Durkee to Withum as their independent registered public accounting firm, effective February 1, 2016, due to Averett's acquisition. There were no disagreements or reportable events with the previous auditor, indicating a stable auditing relationship. The change appears to be procedural rather than indicative of any underlying issues within the company.