First Seacoast Bancorp Changes Auditor to BDO USA, LLP
Ticker: FSEA · Form: 8-K · Filed: Mar 5, 2024 · CIK: 1943802
| Field | Detail |
|---|---|
| Company | First Seacoast Bancorp, Inc. (FSEA) |
| Form Type | 8-K |
| Filed Date | Mar 5, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, accounting
TL;DR
Seacoast Bancorp swapped auditors from Wolf & Co. to BDO USA, effective March 1, 2024.
AI Summary
First Seacoast Bancorp, Inc. announced on March 1, 2024, a change in its certifying accountant. The company has engaged BDO USA, LLP as its new independent registered public accounting firm, replacing Wolf & Company, P.A. This change was approved by the Audit Committee of the Board of Directors.
Why It Matters
A change in auditor can signal potential shifts in financial reporting scrutiny or strategic direction for the company.
Risk Assessment
Risk Level: low — This filing reports a routine change in the company's independent auditor, which is a standard corporate event.
Key Players & Entities
- First Seacoast Bancorp, Inc. (company) — Registrant
- BDO USA, LLP (company) — New Certifying Accountant
- Wolf & Company, P.A. (company) — Former Certifying Accountant
- March 1, 2024 (date) — Effective Date of Change
FAQ
Who is First Seacoast Bancorp, Inc.'s new certifying accountant?
First Seacoast Bancorp, Inc. has engaged BDO USA, LLP as its new independent registered public accounting firm.
When did the change in certifying accountant become effective?
The change in certifying accountant became effective on March 1, 2024.
Who was First Seacoast Bancorp, Inc.'s previous certifying accountant?
The previous certifying accountant for First Seacoast Bancorp, Inc. was Wolf & Company, P.A.
Did the company's Audit Committee approve the change in auditor?
Yes, the change in certifying accountant was approved by the Audit Committee of the Board of Directors of First Seacoast Bancorp, Inc.
What is the principal executive office address for First Seacoast Bancorp, Inc.?
The principal executive offices are located at 633 Central Avenue, Dover, New Hampshire 03820.
Filing Stats: 631 words · 3 min read · ~2 pages · Grade level 11.8 · Accepted 2024-03-05 16:15:44
Key Financial Figures
- $0.01 — ich Registered Common stock, par value $0.01 per share FSEA The Nasdaq Stock Mar
Filing Documents
- form8k_030124.htm (8-K) — 25KB
- 0000943374-24-000093.txt ( ) — 160KB
- fsea-20240301.xsd (EX-101.SCH) — 4KB
- fsea-20240301_lab.xml (EX-101.LAB) — 23KB
- fsea-20240301_pre.xml (EX-101.PRE) — 16KB
- form8k_030124_htm.xml (XML) — 4KB
01
Item 4.01. Changes in Registrant's Certifying Accountant. As previously reported by First Seacoast Bancorp, Inc. (the "Company") in a Current Report on Form 8-K filed on January 17, 2024, Baker Newman & Noyes LLC ("BNN") notified the Company that BNN has declined to stand for re-appointment as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024, due to BNN's decision to exit its audit practice for Securities and Exchange Commission ("SEC")-registered banking institutions. On March 1, 2024 (the "Engagement Date"), the Company engaged Wolf & Company, P.C. ("Wolf") to serve as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. The selection of Wolf was approved by the Audit Committee of the Company's Board of Directors. During the Company's two most recent fiscal years ended December 31, 2022 and December 31, 2023 and the subsequent interim period from January 1, 2024 through the Engagement Date , neither the Company nor anyone on its behalf consulted with Wolf regarding either (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 consolidated financial statements, and neither a written report nor oral advice was provided to the Company that Wolf concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue, or (ii) any matter that was either the subject of a " disagreement " (as defined in SEC Regulation S-K Item 304(a)(1)(iv)) or a " reportable event " (as defined in SEC Regulation S-K Item 304(a)(1)(v)).
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. FIRST SEACOAST BANCORP, INC. DATE: March 5, 2024 By: /s/ James R. Brannen James R. Brannen President and Chief Executive Officer