Pioneer Power Solutions Files 8-K on Financials and Accountant Change

TL;DR

Pioneer Power Solutions dropped an 8-K detailing financials and accountant changes. Check it out.

AI Summary

Pioneer Power Solutions, Inc. filed an 8-K on November 20, 2024, reporting events as of November 14, 2024. The filing primarily concerns the company's results of operations and financial condition, as well as changes in its certifying accountant. It also includes financial statements and exhibits.

Why It Matters

This filing provides crucial updates on Pioneer Power Solutions' financial health and any shifts in its accounting oversight, which can impact investor confidence and future financial reporting.

Risk Assessment

Risk Level: low — This is a routine filing providing updates on financial condition and accounting matters, not indicating immediate operational or financial distress.

Key Players & Entities

• PIONEER POWER SOLUTIONS, INC. (company) — Registrant
• November 14, 2024 (date) — Earliest event reported
• November 20, 2024 (date) — Filing date
• Delaware (jurisdiction) — State of incorporation
• 001-35212 (identifier) — SEC File Number
• 400 Kelby Street, 12th Floor Fort Lee, New Jersey 07024 (address) — Principal executive address

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share PPSI Nasdaq Stock Market

Filing Documents

• form8-k.htm (8-K) — 52KB
• ex16-1.htm (EX-16.1) — 5KB
• ex99-1.htm (EX-99.1) — 94KB
• ex99-1_001.jpg (GRAPHIC) — 17KB
• ex99-1_002.jpg (GRAPHIC) — 35KB
• 0001493152-24-047013.txt ( ) — 417KB
• ppsi-20241114.xsd (EX-101.SCH) — 3KB
• ppsi-20241114_lab.xml (EX-101.LAB) — 33KB
• ppsi-20241114_pre.xml (EX-101.PRE) — 24KB
• form8-k_htm.xml (XML) — 4KB

01 Changes in Registrant's Certifying Accountant

Item 4.01 Changes in Registrant's Certifying Accountant. (a) Dismissal of Independent Registered Public Accounting Firm The audit committee of the Company (the "Audit Committee") approved the dismissal of Marcum LLP ("Marcum") as the Company's independent registered public accounting firm, effective as of November 14, 2024. The audit reports of Marcum on the Company's consolidated financial statements for the fiscal years ended December 31, 2023, and 2022 did not contain an adverse opinion or a disclaimer of opinion, and was not qualified or modified as to uncertainty, audit scope, or accounting principles, except for an inclusion of a paragraph related to the restatement of previously issued consolidated financial During the two most recent fiscal years, ended December 31, 2023, and December 31, 2022, and the subsequent interim period through November 14, 2024, there were no "disagreements" (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions to Item 304 of Regulation S-K) between the Company and Marcum on any matters of accounting principles or practices, financial caused Marcum to make reference thereto in its reports. During the fiscal years ended December 31, 2023, and 2022, there were no "reportable events," as defined in Item 304(a)(1)(v) of Regulation S-K, except for: 1) The material weakness in the Company's internal control over financial reporting as initially reported in Part I, Item 4 of the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2022, as filed with the SEC on November 14, 2022, related to the Company not having the appropriate controls in place over our revenue recognition process for nonroutine and complex revenue transactions in accordance with ASC 606, "Revenue from Contracts with Customers", and 2) The material weaknesses in

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 on its behalf by the undersigned hereunto duly authorized. PIONEER POWER SOLUTIONS, inc. Date: November 20, 2024 By: /s/ Walter Michalec Name: Walter Michalec Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR