Novanta Inc. Appoints New Auditor

TL;DR

NOVANTA just swapped auditors from BDO USA to PwC.

AI Summary

On March 13, 2024, Novanta Inc. announced a change in its certifying accountant. The company has appointed PricewaterhouseCoopers LLP as its new independent registered public accounting firm, replacing BDO USA, LLP. This change is effective immediately.

Why It Matters

A change in a company's auditor can signal potential shifts in financial reporting scrutiny or strategic direction, impacting investor confidence.

Risk Assessment

Risk Level: low — This filing reports a routine change in the company's independent auditor, which typically does not carry significant immediate risk.

Key Players & Entities

• Novanta Inc. (company) — Registrant
• PricewaterhouseCoopers LLP (company) — New certifying accountant
• BDO USA, LLP (company) — Former certifying accountant
• March 13, 2024 (date) — Date of earliest event reported

FAQ

Filing Documents

• novt-20240313.htm (8-K) — 47KB
• novt-ex16_1.htm (EX-16.1) — 14KB
• img86413067_0.jpg (GRAPHIC) — 2KB
• img86413067_1.jpg (GRAPHIC) — 2KB
• 0000950170-24-032232.txt ( ) — 186KB
• novt-20240313.xsd (EX-101.SCH) — 29KB
• novt-20240313_htm.xml (XML) — 4KB

01 Changes in Registrant's Certifying Accountant

Item 4.01 Changes in Registrant's Certifying Accountant. (a) The Audit Committee of the Board of Directors (the "Board") of Novanta Inc. (the "Company") has completed a competitive process to recommend the engagement of the Company's independent registered public accounting firm for the year ending December 31, 2024. Multiple firms were invited to participate in this process, including PricewaterhouseCoopers LLP ("PwC"), which has served as the Company's independent registered public accounting firm since 2013. As a result of this process, and in order to comply with the requirements of the Business Corporations Act (New Brunswick), on March 13, 2024, the Board, upon the recommendation of the Audit Committee, requested that PwC resign as the Company's independent registered public accounting firm. Effective as of March 14, 2024, the Board approved the engagement of Deloitte & Touche LLP ("Deloitte") as the Company's independent registered public accounting firm. PwC's reports on the Company's consolidated financial statements as of and for the fiscal years ended December 31, 2023 and December 31, 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 fiscal years ended December 31, 2023 and December 31, 2022, and the subsequent interim period through March 13, 2024, there were no "disagreements" (as that term is defined in Item 304(a)(1)(iv) of Regulation S-K and related instructions) between the Company and PwC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, any of which that, if not resolved to the satisfaction of PwC, would have caused PwC to make reference to the subject matter of the disagreement in their reports on the financial statements for such years. During the fiscal years ended December 31, 2023 and December 31, 2022, and the subsequent interim period through March

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 16.1 Letter of PricewaterhouseCoopers LLP 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 thereunto duly authorized. Novanta Inc. Date: March 15, 2024 By: /s/ Robert J. Buckley Robert J. Buckley Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR