FutureFuel Corp. Changes Auditors
Ticker: FF · Form: 8-K · Filed: May 29, 2024 · CIK: 1337298
| Field | Detail |
|---|---|
| Company | Futurefuel CORP. (FF) |
| Form Type | 8-K |
| Filed Date | May 29, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $512,500 |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, accounting
TL;DR
FutureFuel swapped auditors from BDO to Weaver. No drama reported.
AI Summary
FutureFuel Corp. announced on May 22, 2024, the departure of its independent registered public accounting firm, BDO USA, LLP. The company has appointed Weaver and Associates, LLP as its new independent registered public accounting firm, effective immediately. This change is not related to any disagreements with BDO USA, LLP.
Why It Matters
A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, potentially impacting investor confidence.
Risk Assessment
Risk Level: low — The filing is a routine change of auditors and does not indicate any financial distress or significant operational issues.
Key Players & Entities
- FutureFuel Corp. (company) — Registrant
- BDO USA, LLP (company) — Former independent registered public accounting firm
- Weaver and Associates, LLP (company) — New independent registered public accounting firm
- May 22, 2024 (date) — Date of auditor change announcement
FAQ
When was the change in FutureFuel Corp.'s independent registered public accounting firm effective?
The change was effective immediately as of May 22, 2024.
Who was FutureFuel Corp.'s previous independent registered public accounting firm?
FutureFuel Corp.'s previous independent registered public accounting firm was BDO USA, LLP.
Who is FutureFuel Corp.'s new independent registered public accounting firm?
FutureFuel Corp.'s new independent registered public accounting firm is Weaver and Associates, LLP.
Were there any disagreements between FutureFuel Corp. and BDO USA, LLP that led to the change?
No, the filing explicitly states that the change was not the result of any disagreements between FutureFuel Corp. and BDO USA, LLP.
What is the principal business address of FutureFuel Corp.?
The principal executive offices of FutureFuel Corp. are located at 8235 Forsyth Blvd., Suite 400, St. Louis, Missouri 63105.
Filing Stats: 1,327 words · 5 min read · ~4 pages · Grade level 13.7 · Accepted 2024-05-29 16:15:42
Key Financial Figures
- $512,500 — ain severance payments in the amount of $512,500 and certain other benefits. The foregoi
Filing Documents
- ff20240528_8k.htm (8-K) — 36KB
- ex_680555.htm (EX-10.1) — 64KB
- ex_680380.htm (EX-16.1) — 1KB
- ex_680180.htm (EX-99.1) — 11KB
- logo01.jpg (GRAPHIC) — 7KB
- rsm01.jpg (GRAPHIC) — 44KB
- 0001437749-24-018596.txt ( ) — 334KB
- ff-20240522.xsd (EX-101.SCH) — 3KB
- ff-20240522_def.xml (EX-101.DEF) — 11KB
- ff-20240522_lab.xml (EX-101.LAB) — 15KB
- ff-20240522_pre.xml (EX-101.PRE) — 11KB
- ff20240528_8k_htm.xml (XML) — 3KB
01. Changes in Registrant ' s Certifying Accountant
Item 4.01. Changes in Registrant ' s Certifying Accountant. (a) The Audit Committee (the "Committee") of the Board of Directors (the "Board") of FutureFuel Corp. (the "Company") recently conducted a competitive selection process to determine the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. The Committee invited several public accounting firms to participate in this process, including RSM US LLP ("RSM"), the Company's independent registered public accounting firm for the fiscal year ended December 31, 2023. As a result of this process, the Committee approved the appointment of Grant Thornton LLP ("Grant Thornton") as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. On May 22, 2024, the Committee dismissed RSM as the Company's independent registered public accounting firm, effective immediately. The audit reports of RSM on the Company's consolidated financial statements for each of the two fiscal years ended December 31, 2023 and 2022 did not contain an adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles. In the fiscal years ended December 31, 2023 and 2022 and in the subsequent interim period through May 22, 2024, there were no "disagreements" (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) between the Company and RSM on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures, which, if not resolved to the satisfaction of RSM, would have caused RSM to make reference to the matter in its report on the consolidated financial statements for such years. In the fiscal years ended December 31, 2023 and 2022 and in the subsequent interim period through May 22, 2024, there were no "reportable events" (as described in Item 304(a)(1)(v) of Regulation S-K), except for the material weaknes
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibit EXHIBIT NUMBER DESCRIPTION 10.1 Separation and Release Agreement by and between Tom McKinlay and the Company dated May 24, 2024. 16.1 Letter from RSM US LLP dated May 28, 2024 99.1 Press Release dated May 29, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
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. FUTUREFUEL CORP. By: /s/ Rose M. Sparks Rose M. Sparks, Chief Financial Officer Date: May 29, 2024