HURC Amends 8-K: Changes Certifying Accountant, Updates Financials
Ticker: HURC · Form: 8-K/A · Filed: Jan 10, 2024 · CIK: 315374
| Field | Detail |
|---|---|
| Company | Hurco Companies Inc (HURC) |
| Form Type | 8-K/A |
| Filed Date | Jan 10, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: auditor-change, amendment, financial-reporting
TL;DR
**HURC changed auditors and updated financials; watch for transparency.**
AI Summary
Hurco Companies, Inc. (HURC) filed an 8-K/A on January 10, 2024, amending its previous 8-K from September 5, 2023. This amendment specifically addresses changes in the company's certifying accountant and provides updated financial statements and exhibits. This matters to investors because a change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, potentially impacting the perceived reliability of future financial disclosures.
Why It Matters
A change in a company's certifying accountant can affect investor confidence in the accuracy and transparency of financial reporting, as auditors play a critical role in validating financial statements.
Risk Assessment
Risk Level: medium — A change in auditors, especially an amendment to a previous filing, can introduce uncertainty regarding financial reporting integrity, warranting closer investor scrutiny.
Analyst Insight
Investors should review the full 8-K/A filing to understand the specific reasons for the auditor change and assess any potential implications for the reliability of Hurco's financial reporting. Monitor subsequent filings for details on the new auditor and their initial reports.
Key Players & Entities
- Hurco Companies, Inc. (company) — the registrant filing the 8-K/A
- 0000315374 (company) — Central Index Key (CIK) for Hurco Companies, Inc.
- September 5, 2023 (date) — date of the earliest event reported in the original 8-K
- January 10, 2024 (date) — filing date of the 8-K/A amendment
- Indianapolis, Indiana (location) — address of Hurco Companies, Inc.
FAQ
What is the purpose of this 8-K/A filing by Hurco Companies, Inc.?
This 8-K/A (Amendment No. 1) filed by Hurco Companies, Inc. on January 10, 2024, amends a previous report from September 5, 2023, specifically to address 'Changes in Registrant's Certifying Accountant' and 'Financial Statements and Exhibits' as per the 'ITEM INFORMATION' section.
When was the earliest event reported in the original 8-K that this amendment refers to?
The 'Date of report (Date of earliest event reported)' for the original filing, as stated in the 8-K/A, was September 5, 2023.
What is Hurco Companies, Inc.'s trading symbol and on which exchange is it registered?
Hurco Companies, Inc.'s 'Trading Symbol(s)' is HURC, and it is registered on 'The Nasdaq Stock Market LLC' as per the 'Securities registered pursuant to Section 12(b) of the Act' section.
What is the Central Index Key (CIK) for Hurco Companies, Inc.?
The 'CENTRAL INDEX KEY' for Hurco Companies, Inc. is 0000315374, as found in the 'FILER: COMPANY DATA' section.
What is the business phone number for Hurco Companies, Inc.?
The 'BUSINESS PHONE' for Hurco Companies, Inc. is 3172935309, as listed in the 'FILER: COMPANY DATA' section.
Filing Stats: 924 words · 4 min read · ~3 pages · Grade level 15.1 · Accepted 2024-01-10 14:05:07
Filing Documents
- hurc-20230905x8ka.htm (8-K/A) — 48KB
- hurc-20230905xex16d1.htm (EX-16.1) — 3KB
- 0001558370-24-000182.txt ( ) — 167KB
- hurc-20230905.xsd (EX-101.SCH) — 3KB
- hurc-20230905_lab.xml (EX-101.LAB) — 15KB
- hurc-20230905_pre.xml (EX-101.PRE) — 10KB
- hurc-20230905x8ka_htm.xml (XML) — 4KB
01 Changes in Registrant's Certifying Accountant
Item 4.01 Changes in Registrant's Certifying Accountant. (a) On January 5, 2024, RSM completed its audit of the Company's consolidated financial statements for the fiscal year ended October 31, 2023, and its dismissal was effective immediately thereafter. The audit reports of RSM on the Company's consolidated financial statements for the Company's fiscal years ended October 31, 2023 and 2022, 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 Company's fiscal years ended October 31, 2023 and 2022, and the subsequent interim period through January 5, 2024 , there were no disagreements (within the meaning of Item 304(a)(1)(iv) of Regulation S-K and related instructions) between the Company and RSM on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements, if not resolved to the satisfaction of RSM, would have caused RSM to make reference to the subject matter of the disagreements in connection with RSM's reports on the Company's financial statements. During the Company's fiscal years ended October 31, 2023 and 2022, and the subsequent interim period through January 5, 2024 , there were no "reportable events" (as defined in Item 304(a)(1)(v) of Regulation S-K). The Company has provided RSM with a copy of the foregoing disclosures. A letter from RSM stating its agreement with such disclosures is attached as Exhibit 16.1 to this report. (b) Deloitte has completed its customary client acceptance procedures as referenced in the Original Form 8-K, and has commenced its work on the review of the Company's condensed consolidated financial statements for the fiscal quarter ending January 31, 2024. There have been no changes to the disclosures regarding consultations, reports, disagreements and "reportable events" related to the Company and Deloitte from those in the Original Fo
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Exhibit Index 16.1 Letter from RSM US LLP dated January 1 0 , 2024 with respect to the disclosure in this Form 8-K/A 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. Dated: January 10, 2024 HURCO COMPANIES, INC. By: /s/ Sonja K. McClelland Sonja K. McClelland, Executive Vice President, Treasurer and Chief Financial Officer