Gevo, Inc. Appoints New Auditor, Dismisses PwC

TL;DR

Gevo just swapped auditors from PwC to BDO USA, effective June 3rd.

AI Summary

Gevo, Inc. filed an 8-K on June 7, 2024, to report a change in its certifying accountant. The company has dismissed PricewaterhouseCoopers LLP as its independent registered public accounting firm and has appointed BDO USA, P.A. as its new principal accountant. This change was effective as of June 3, 2024.

Why It Matters

A change in a company's auditor can sometimes signal underlying issues or a strategic shift, and investors will be watching to see how this impacts financial reporting and audits going forward.

Risk Assessment

Risk Level: medium — A change in auditor, especially if not clearly explained by routine rotation or strategic alignment, can introduce uncertainty regarding financial reporting and internal controls.

Key Players & Entities

• Gevo, Inc. (company) — Registrant
• PricewaterhouseCoopers LLP (company) — Former certifying accountant
• BDO USA, P.A. (company) — New certifying accountant
• June 3, 2024 (date) — Effective date of change
• June 7, 2024 (date) — Filing date of the 8-K

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share GEVO Nasdaq Capital Mark

Filing Documents

• tm2416263d1_8k.htm (8-K) — 30KB
• tm2416263d1_ex16-1.htm (EX-16.1) — 3KB
• 0001104659-24-069612.txt ( ) — 206KB
• gevo-20240603.xsd (EX-101.SCH) — 3KB
• gevo-20240603_lab.xml (EX-101.LAB) — 33KB
• gevo-20240603_pre.xml (EX-101.PRE) — 22KB
• tm2416263d1_8k_htm.xml (XML) — 4KB

01. Changes in Registrant's Certifying Accountant

Item 4.01. Changes in Registrant's Certifying Accountant. The Audit Committee (the "Audit Committee") of the Board of Directors of Gevo, Inc. (the "Company") conducted a competitive process to determine the Company's independent registered public accounting firm for the year ending December 31, 2024. As a result of this process, on June 3, 2024, the Audit Committee approved the appointment of Deloitte & Touche LLP ("Deloitte") as the Company's independent registered public accounting firm for year ending December 31, 2024. Also on June 3, 2024, the Company, with the approval of the Audit Committee, dismissed Grant Thornton LLP ("Grant Thornton") as the Company's independent registered public accounting firm, effective immediately. The reports of Grant Thornton on the Company's financial statements as of and for the 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. During the fiscal years ended December 31, 2023 and 2022, and in the subsequent interim period through June 3, 2024, there were (i) no "disagreements" (within the meaning of Item 304(a)(1)(iv) of Regulation S-K) with Grant Thornton on any matter of accounting principles or practices, financial have caused it to make reference to the subject matter of the disagreements in its reports on the consolidated financial statements of the Company, and (ii) no "reportable events" (as such term is defined in Item 304(a)(1)(v) of Regulation S-K), except for the material weakness in the Company's internal control over financial reporting, as previously reported in Part I. Item 4. "Controls and Procedures" in the Company's quarterly report on Form 10-Q for the period ended September 30, 2023, as filed with the U.S. Securities and Excha

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 16.1 Letter of Grant Thornton LLP to the Securities and Exchange Commission, dated June 7, 2024 104 Cover Page Interactive Data File (embedded as 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. GEVO, INC. Dated: June 7, 2024 By: /s/ E. Cabell Massey E. Cabell Massey Vice President, Legal and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR