ECB Bancorp Appoints New Auditor, BDO USA, LLP

TL;DR

ECB Bancorp switches auditors from CohnReznick to BDO USA, effective immediately.

AI Summary

ECB Bancorp, Inc. announced on March 11, 2024, that it has appointed BDO USA, LLP as its new independent registered public accounting firm, replacing CohnReznick LLP. This change is effective immediately and will be presented for ratification at the company's next annual meeting of shareholders.

Why It Matters

Changing auditors can signal a shift in financial oversight or a response to previous audit findings, potentially impacting investor confidence.

Risk Assessment

Risk Level: low — The filing is a routine change of auditor, which typically carries low inherent risk.

Key Players & Entities

• ECB Bancorp, Inc. (company) — Registrant
• BDO USA, LLP (company) — Newly appointed independent registered public accounting firm
• CohnReznick LLP (company) — Formerly appointed independent registered public accounting firm
• March 11, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share ECBK The Nasdaq Stock Mar

Filing Documents

• ecbk-20240311.htm (8-K) — 48KB
• 0000950170-24-029899.txt ( ) — 162KB
• ecbk-20240311.xsd (EX-101.SCH) — 26KB
• ecbk-20240311_htm.xml (XML) — 5KB

01 Change in Registrant's Certifying Accountant

Item 4.01 Change in Registrant's Certifying Accountant . (b) As previously disclosed, on January 16, 2024, Baker Newman & Noyes LLC informed ECB Bancorp, Inc. (the "Company") that it is declining to stand for re-appointment as the Company's independent registered public accounting firm for the audit of the fiscal year ending December 31, 2024 as a result of its decision to exit its banking public company audit practice. On March 11, 2024, the Company engaged Wolf & Company, P.C. as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024 and to review the Company's financial statements for the second and third fiscal quarters of 2024. Baker Newman & Noyes LLC will review the Company's financial statements for the first fiscal quarter of 2024. The engagement of Wolf & Company, P.C. to serve as the Company's independent registered public accounting firm was recommended by the Company's Audit Committee and was approved by the Company's Board of Directors. Other than as described in the next paragraph, during the Company's fiscal years ended December 31, 2023 and 2022, and during the subsequent interim period preceding the engagement of Wolf & Company, P.C., the Company did not consult with Wolf & Company, P.C. regarding (i) 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 financial statements, and neither a written report nor oral advice was provided to the Company that Wolf & Company, P.C. concluded was an important factor considered by the Company in reaching a decision as to an accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject of a "disagreement" (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or a "reportable event" (as described in Item 304(a)(1)(v) of Regulation S-K). During the fiscal years ended December 31

01 Financial Statements and Other Exhibits

Item 9.01 Financial Statements and Other Exhibits . (d) Exhibits Number Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE 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 thereunto duly authorized. ECB BANCORP, INC. Date: March 12, 2024 By: /s/ John A. Citrano John A. Citrano Executive Vice President, Chief Operating Officer and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR