IMAC Holdings Files Amendment on Certifying Accountant Change

Ticker: BACK · Form: 8-K/A · Filed: Jul 18, 2024 · CIK: 1729944

Sentiment: neutral

Topics: auditor-change, amendment

TL;DR

IMAC Holdings swapped accountants, filing an 8-K/A amendment.

AI Summary

IMAC Holdings, Inc. filed an amendment (8-K/A) on July 18, 2024, to a previous report dated June 26, 2024. This amendment specifically addresses a change in the registrant's certifying accountant. The filing does not contain specific dollar amounts or new financial details beyond the change in auditor.

Why It Matters

A change in a company's auditor can signal potential concerns about financial reporting or internal controls, warranting investor attention.

Risk Assessment

Risk Level: medium — Changes in certifying accountants can sometimes indicate underlying issues with financial reporting or internal controls.

Key Players & Entities

FAQ

What is the primary purpose of this 8-K/A filing?

The primary purpose of this 8-K/A filing is to amend a previous report and specifically address a change in IMAC Holdings, Inc.'s certifying accountant.

When was the earliest event reported in this filing?

The earliest event reported in this filing was on June 26, 2024.

On what date was this amendment filed with the SEC?

This amendment was filed with the SEC on July 18, 2024.

What is the company's principal executive office address?

The company's principal executive office is located at 3401 Mallory Lane, Suite 100, Franklin, Tennessee 37067.

What is the registrant's telephone number?

The registrant's telephone number is (844) 266-4622.

Filing Stats: 967 words · 4 min read · ~3 pages · Grade level 15.2 · Accepted 2024-07-18 17:25:53

Key Financial Figures

Filing Documents

01. Change in Registrant's Certifying Accountant

Item 4.01. Change in Registrant's Certifying Accountant. On the Engagement Date, the Audit Committee of the Board of Directors of the Company approved the engagement of Marcum as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. The engagement of Marcum is subject to the finalization of Marcum's client acceptance procedures. As disclosed in the Original Form 8-K, during the Company's two most recent fiscal years and the subsequent interim period through the Engagement Date, neither the Company nor anyone acting on its behalf consulted Marcum regarding (1) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's consolidated financial statements, and Marcum did not provide either a written report or oral advice to the Company that was an important factor considered by the Company in reaching a decision as to any accounting, auditing, or financial reporting issue, or (2) any matter that was either the subject of a disagreement (as that term is used in Item 304(a)(1)(iv) of Regulation S-K and the related instructions to Item 304 of Regulation S-K) on accounting principles or practices, financial statement disclosure or auditing scope or procedures or a "reportable event" (as described in Item 304(a)(1)(v) of Regulation S-K). In connection with the approved engagement of Marcum, on June 26, 2024, the Company terminated the engagement of Salberg & Company, P.A. ("Salberg") as the Company's independent registered public accounting firm. The report of Salberg regarding the Company's financial statements for the fiscal year ended December 31, 2023 did not contain any adverse opinion or disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope or accounting principles except that the audit report of Salberg on the Company's financial statements for the year ended December 31

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