NewLake Capital Partners Changes Auditors
Ticker: NLCP · Form: 8-K · Filed: Jul 11, 2024 · CIK: 1854964
| Field | Detail |
|---|---|
| Company | Newlake Capital Partners, Inc. (NLCP) |
| Form Type | 8-K |
| Filed Date | Jul 11, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, accounting
Related Tickers: NLCP
TL;DR
NLCP swapped auditors from BDO to CohnReznick, effective immediately.
AI Summary
NewLake Capital Partners, Inc. announced on July 10, 2024, a change in its certifying accountant. The company has dismissed BDO USA, LLP as its independent registered public accounting firm and has appointed CohnReznick LLP as its new independent registered public accounting firm, 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 will monitor.
Risk Assessment
Risk Level: medium — Changes in auditors can sometimes precede or coincide with financial irregularities or a change in business strategy, warranting closer investor scrutiny.
Key Players & Entities
- NewLake Capital Partners, Inc. (company) — Registrant
- BDO USA, LLP (company) — Former Certifying Accountant
- CohnReznick LLP (company) — New Certifying Accountant
- July 10, 2024 (date) — Date of event
FAQ
Why did NewLake Capital Partners, Inc. change its certifying accountant?
The filing states that the change was made by the company, but does not provide specific reasons for the dismissal of BDO USA, LLP or the appointment of CohnReznick LLP.
When was the change in certifying accountant effective?
The change was effective immediately as of July 10, 2024.
What was the name of the previous independent registered public accounting firm?
The previous independent registered public accounting firm was BDO USA, LLP.
What is the name of the new independent registered public accounting firm?
The new independent registered public accounting firm is CohnReznick LLP.
Does the filing indicate any disagreements with the former auditor?
The filing does not mention any disagreements between NewLake Capital Partners, Inc. and BDO USA, LLP.
Filing Stats: 552 words · 2 min read · ~2 pages · Grade level 13.5 · Accepted 2024-07-10 17:47:47
Filing Documents
- nlcp-20240710.htm (8-K) — 25KB
- nlcp-20240710_g1.jpg (GRAPHIC) — 206KB
- 0001854964-24-000036.txt ( ) — 633KB
- nlcp-20240710.xsd (EX-101.SCH) — 2KB
- nlcp-20240710_lab.xml (EX-101.LAB) — 20KB
- nlcp-20240710_pre.xml (EX-101.PRE) — 12KB
- nlcp-20240710_htm.xml (XML) — 3KB
01 - Change in Registrant's Certifying Accountant
Item 4.01 - Change in Registrant's Certifying Accountant. The Audit Committee of the Board of Directors of NewLake Capital Partners, Inc. (the "Company") has engaged Marcum LLP ("Marcum") to serve as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024, effective on July 10, 2024. During the Company's two most recent fiscal years (fiscal years ended December 31, 2023 and 2022) and the subsequent interim period through July 10, 2024, neither the Company nor anyone on its behalf consulted Marcum regarding (i) the application of accounting principles to a specified transaction, either completed or proposed; or 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 Marcum concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue, (ii) any matter that was the subject of a disagreement within the meaning of Item 304(a)(1)(iv) of Regulation S-K, or (iii) any reportable event within the meaning of Item 304(a)(1)(v) of Regulation S-K.
01 - Financial Statements and Exhibits
Item 9.01 - Financial Statements and Exhibits Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized on this 11th day of July, 2024. NewLake Capital Partners, Inc. By: /s/ Lisa Meyer Name: Lisa Meyer Title: Chief Financial Officer, Treasurer and Secretary