LightPath Technologies Changes Auditors
Ticker: LPTH · Form: 8-K · Filed: Nov 15, 2024 · CIK: 889971
| Field | Detail |
|---|---|
| Company | Lightpath Technologies INC (LPTH) |
| Form Type | 8-K |
| Filed Date | Nov 15, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, accounting
Related Tickers: LPTH
TL;DR
LPTH swapped auditors from Marcum to BDO USA, effective Nov 13.
AI Summary
LightPath Technologies, Inc. announced on November 13, 2024, that it has dismissed its independent registered public accounting firm, Marcum LLP. The company has engaged BDO USA, LLP as its new independent registered public accounting firm, effective November 13, 2024. This change in auditor is effective immediately.
Why It Matters
A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, which investors should monitor.
Risk Assessment
Risk Level: medium — Changes in auditors can sometimes precede or coincide with financial restatements or other disclosures that may impact the company's financial health.
Key Players & Entities
- LightPath Technologies, Inc. (company) — Registrant
- Marcum LLP (company) — Dismissed independent registered public accounting firm
- BDO USA, LLP (company) — Newly engaged independent registered public accounting firm
- November 13, 2024 (date) — Effective date of auditor change
FAQ
Why was Marcum LLP dismissed as LightPath Technologies' independent registered public accounting firm?
The filing does not provide a specific reason for the dismissal of Marcum LLP, only that the decision was made by the company.
When did the change in auditors become effective?
The change in auditors became effective on November 13, 2024.
Who is LightPath Technologies' new independent registered public accounting firm?
LightPath Technologies has engaged BDO USA, LLP as its new independent registered public accounting firm.
Did Marcum LLP consent to the change in auditors?
The filing states that Marcum LLP has not had any adverse opinions or disclaimer of opinions on the financial statements during its tenure, nor have there been any disagreements or reportable events that would require their consent to the change.
What is the ticker symbol for LightPath Technologies?
The filing does not explicitly state the ticker symbol, but the company name is LightPath Technologies, Inc.
Filing Stats: 703 words · 3 min read · ~2 pages · Grade level 11.4 · Accepted 2024-11-15 16:31:53
Key Financial Figures
- $0.01 — tered Class A Common Stock, par value $0.01 LPTH The Nasdaq Stock Market, LLC
Filing Documents
- lpth_8k.htm (8-K) — 26KB
- lpth_ex161.htm (EX-16.1) — 1KB
- lpth_ex161img1.jpg (GRAPHIC) — 66KB
- 0001654954-24-014556.txt ( ) — 239KB
- lpth-20241113.xsd (EX-101.SCH) — 6KB
- lpth-20241113_lab.xml (EX-101.LAB) — 14KB
- lpth-20241113_cal.xml (EX-101.CAL) — 1KB
- lpth-20241113_pre.xml (EX-101.PRE) — 9KB
- lpth-20241113_def.xml (EX-101.DEF) — 2KB
- lpth_8k_htm.xml (XML) — 4KB
01. Changes in Registrant's Certifying Accountant
Item 4.01. Changes in Registrant's Certifying Accountant. (a) Resignation of Independent Registered Public Accounting Firm On November 1, 2024, Forvis Mazars, LLP ("Forvis Mazars"), entered into a transaction with MSL, P.A. ("MSL"), LightPath Technologies, Inc.'s (the "Company") independent registered public accounting firm, whereby substantially all shareholders and employees of MSL became partners and employees of Forvis Mazars. As a result, on November 13, 2024, MSL resigned as the Company's independent registered public accounting firm, effective on November 21, 2024. MSL's audit reports on the consolidated financial statements of the Company as of and for the fiscal years ended June 30, 2024 and 2023 did not contain an adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles. During the fiscal years ended June 30, 2024 and 2023, and through the effective date of MSL's resignation, there were no (i) disagreements (as defined in Item 304(a)(1)(iv) of Regulation S-K) between the Company and MSL on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which, if not resolved to MSL's satisfaction, would have caused it to make reference to the subject matter of the disagreement in connection with its report on the Company's consolidated financial statements for the applicable year, or (ii) reportable events as defined in Item 304(a)(1)(v) of Regulation S-K. The Company provided MSL with a copy of the disclosures in this Current Report on Form 8-K (this "Current Report") and requested that MSL furnish the Company with a letter addressed to the SEC stating whether or not MSL agrees with the disclosures made herein. A copy of MSL's letter, dated November 15, 2024, is filed as Exhibit 16.1 to this Current Report. The Audit Committee of the Company's Board of Directors has begun a process to select a successor independent register
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibit No. Description 16.1 Letter to the Securities and Exchange Commission from MSL, P.A., dated November 15, 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, as amended, the registrant has duly caused this Report to be signed in its behalf by the undersigned, thereunto duly authorized. LIGHTPATH TECHNOLOGIES, INC. Dated: November 15, 2024 By: /s/ Albert Miranda Albert Miranda, Chief Financial Officer 3