LightPath Technologies Changes Independent Auditor
Ticker: LPTH · Form: 8-K · Filed: Jan 14, 2025 · CIK: 889971
| Field | Detail |
|---|---|
| Company | Lightpath Technologies INC (LPTH) |
| Form Type | 8-K |
| Filed Date | Jan 14, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, accounting
Related Tickers: LPTH
TL;DR
LightPath swapped auditors from PwC to WithumSmith+Brown.
AI Summary
LightPath Technologies, Inc. filed an 8-K on January 13, 2025, to report a change in its certifying accountant. The company has dismissed PricewaterhouseCoopers LLP and engaged WithumSmith+Brown, PC as its new independent registered public accounting firm.
Why It Matters
A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting.
Risk Assessment
Risk Level: medium — A change in auditors, especially without a detailed explanation, can sometimes precede or coincide with other significant corporate events or financial scrutiny.
Key Players & Entities
- LightPath Technologies, Inc. (company) — Registrant
- PricewaterhouseCoopers LLP (company) — Former Certifying Accountant
- WithumSmith+Brown, PC (company) — New Certifying Accountant
- January 13, 2025 (date) — Date of Report
FAQ
When was the change in certifying accountant effective?
The filing does not specify an exact effective date for the change, but it was reported on January 13, 2025.
What was the reason for dismissing PricewaterhouseCoopers LLP?
The filing states that the dismissal of PricewaterhouseCoopers LLP was made by the Audit Committee of the Board of Directors, but does not provide a specific reason.
Has LightPath Technologies, Inc. had any disagreements with PricewaterhouseCoopers LLP?
No, the filing explicitly states there were no disagreements or reportable events requiring disclosure.
When did WithumSmith+Brown, PC become the new auditor?
The filing indicates that WithumSmith+Brown, PC was engaged as the new independent registered public accounting firm, but does not provide an exact start date.
Will LightPath Technologies, Inc. provide audited financial statements for the past two fiscal years prepared by WithumSmith+Brown, PC?
The filing states that WithumSmith+Brown, PC will be engaged to audit the financial statements for the fiscal year ending June 30, 2025, and will review interim financial statements, but does not mention re-auditing past years.
Filing Stats: 563 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2025-01-14 16:32:01
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) — 27KB
- 0001654954-25-000380.txt ( ) — 147KB
- lpth-20250113.xsd (EX-101.SCH) — 6KB
- lpth-20250113_lab.xml (EX-101.LAB) — 14KB
- lpth-20250113_cal.xml (EX-101.CAL) — 1KB
- lpth-20250113_pre.xml (EX-101.PRE) — 9KB
- lpth-20250113_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. (b) Engagement of New Independent Registered Public Accounting Firm On January 13, 2025, the Audit Committee of LightPath Technologies, Inc. ("the Company") appointed BDO USA, P.C. ("BDO") to serve as the Company's new independent registered public accounting firm, effective immediately. During the fiscal years ended June 30, 2024 and 2023 and the subsequent interim periods through January 13, 2025, neither the Company nor anyone acting on its behalf consulted with BDO with respect to (i) the application of accounting principles to a specified transaction, either completed or proposed, the type of audit opinion that might be rendered on the Company's financial statements, and neither a written report nor oral advice was provided to the Company that BDO 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 that term is defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions to Item 304 of Regulation S-K) or a reportable event (as that term is defined in Item 304(a)(1)(v) of Regulation S-K).
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibit No. Description 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: January 14, 2025 By: /s/ Albert Miranda Albert Miranda, Chief Financial Officer 3