HFBL Changes Certifying Accountant, Files 8-K

TL;DR

**HFBL switched auditors, standard corporate move, no red flags.**

AI Summary

Home Federal Bancorp, Inc. of Louisiana (HFBL) filed an 8-K on February 7, 2024, reporting a change in its certifying accountant, effective February 2, 2024. This filing, under Item 4.01, indicates a standard procedural update rather than a significant operational shift. For investors, this means the company is maintaining its compliance and reporting standards, which is a neutral but important aspect of corporate governance.

Why It Matters

This filing signals a routine change in the company's auditor, which is a common corporate event and generally doesn't indicate financial distress or major operational shifts. It's important for maintaining transparent financial reporting.

Risk Assessment

Risk Level: low — A change in certifying accountant is a common corporate event and does not inherently signal increased risk unless further details suggest a disagreement or restatement of financials.

Analyst Insight

Investors should note this routine change in auditor but not overreact, as it typically doesn't signal underlying financial issues unless accompanied by other negative news. Monitor future filings for any disclosures regarding disagreements with the former accountant.

Key Numbers

• 001-35019 — Commission File Number (identifies the company's filings with the SEC)
• 02-0815311 — IRS Employer Identification No. (identifies the company for tax purposes)
• 318-222-1145 — Business Phone Number (contact information for the company)

Key Players & Entities

• Home Federal Bancorp, Inc. of Louisiana (company) — the registrant filing the 8-K
• HFBL (company) — the trading symbol for Home Federal Bancorp, Inc. of Louisiana
• February 2, 2024 (date) — the date of the earliest event reported
• February 7, 2024 (date) — the filing date of the 8-K
• Nasdaq Stock Market, LLC (company) — the exchange where HFBL's common stock is registered
• $0.01 (dollar_amount) — par value per share of common stock

Forward-Looking Statements

• The change in auditor will not lead to a restatement of past financial results. (Home Federal Bancorp, Inc. of Louisiana) — high confidence, target: 2024-12-31

FAQ

Filing Documents

• hfbil20240207_8k.htm (8-K) — 35KB
• ex_623589.htm (EX-16.1) — 3KB
• forvisimage.jpg (GRAPHIC) — 24KB
• 0000927089-24-000026.txt ( ) — 202KB
• hfbl-20240202.xsd (EX-101.SCH) — 3KB
• hfbl-20240202_def.xml (EX-101.DEF) — 11KB
• hfbl-20240202_lab.xml (EX-101.LAB) — 15KB
• hfbl-20240202_pre.xml (EX-101.PRE) — 11KB
• hfbil20240207_8k_htm.xml (XML) — 3KB

01 Changes in Registrant ' s Certifying Accountant

Item 4.01 Changes in Registrant ' s Certifying Accountant On February 2, 2024 (the "Notice Date"), Home Federal Bancorp, Inc. of Louisiana (the "Company") notified FORVIS, LLP that it had been dismissed as the Company's independent registered public accounting firm, effective as of the Notice Date. The decision to change the Company's independent registered public accounting firm was approved by the Audit Committee of the Company's Board of Directors. FORVIS, LLP performed audits of the Company's consolidated financial statements for the years ended June 30, 2023 and 2022. FORVIS, LLP's reports did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles. During the two years ended June 30, 2023, and from June 30, 2023 through the Notice Date, there were no (i) disagreements between the Company and FORVIS, LLP on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to its satisfaction, would have caused FORVIS, LLP to make reference to the subject matter of such disagreements in connection with its report on the Company's consolidated financial statements, or (ii) "reportable events," as described in Item 304(a)(1)(v) of Regulation S-K promulgated by the Securities and Exchange Commission (the "SEC") pursuant to the Securities Exchange Act of 1934, as amended. The Company furnished FORVIS, LLP with a copy of this report prior to filing with the SEC and requested that FORVIS, LLP furnish it with a letter addressed to the SEC stating whether or not it agreed with the statements made by the Company in this report insofar as they relate to FORVIS, LLP's audit services and engagement as the Company's independent registered public accounting firm. FORVIS, LLP has furnished a letter addressed to the SEC dated February 2, 2024, a copy of which is attached hereto as Exhibit 16.1. O

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (a) Not applicable. (b) Not applicable. (c) Not applicable. (d) Exhibits. The following exhibit is filed herewith. Exhibit Number Description 16.1 Letter from FORVIS, LLP to the Securities and Exchange Commission, dated February 2, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2

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 thereunto duly authorized. HOME FEDERAL BANCORP, INC. OF LOUISIANA Date: February 7, 2024 By: /s/ Glen W. Brown Glen W. Brown Senior Vice President and Chief Financial Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR