Rexford Industrial Realty Changes Certifying Accountant

TL;DR

**REXR changed its auditor, effective Feb 14, 2024.**

AI Summary

Rexford Industrial Realty, Inc. (NYSE: REXR) filed an 8-K on February 20, 2024, reporting a change in its certifying accountant, effective February 14, 2024. This filing indicates a standard procedural update regarding their financial auditing. The company, incorporated in Maryland, maintains its business address at 11620 Wilshire Boulevard, Suite 1000, Los Angeles, California.

Why It Matters

Changes in a company's certifying accountant can sometimes signal underlying issues, though often it's a routine business decision, impacting investor confidence and financial transparency.

Risk Assessment

Risk Level: low — A change in certifying accountant is often a routine administrative event and does not inherently indicate significant financial risk unless further details suggest otherwise.

Key Players & Entities

• Rexford Industrial Realty, Inc. (company) — Registrant
• Maryland (company) — State of incorporation
• February 14, 2024 (date) — Date of earliest event reported
• February 20, 2024 (date) — Filing date
• 11620 Wilshire Boulevard, Suite 1000, Los Angeles, California 90025 (company) — Business address

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value REXR New York Stock Exchange

Filing Documents

• rexr-20240214.htm (8-K) — 36KB
• rexr-eyresponseletterxex16.htm (EX-16.1) — 2KB
• eylogoimagea.jpg (GRAPHIC) — 7KB
• 0001571283-24-000009.txt ( ) — 218KB
• rexr-20240214.xsd (EX-101.SCH) — 2KB
• rexr-20240214_def.xml (EX-101.DEF) — 16KB
• rexr-20240214_lab.xml (EX-101.LAB) — 31KB
• rexr-20240214_pre.xml (EX-101.PRE) — 16KB
• rexr-20240214_htm.xml (XML) — 5KB

01 Changes in Registrant's Certifying Accountant

Item 4.01 Changes in Registrant's Certifying Accountant. On February 14, 2024, the Audit Committee (the "Committee") of the Board of Directors of Rexford Industrial Realty, Inc., a Maryland corporation (the "Company"), approved the engagement of KPMG LLP ("KPMG") as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024, effective immediately. On February 14, 2024, the Committee dismissed Ernst & Young LLP ("EY") as the Company's independent registered public accounting firm, effective immediately. The reports of EY on the Company's financial statements for each of the fiscal years ended December 31, 2022 and 2023 did not contain an adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles. In the fiscal years ended December 31, 2022 and 2023 and in the subsequent interim period through February 14, 2024, there were no "disagreements" (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) between the Company and EY on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures, which, if not resolved to the satisfaction of EY, would have caused EY to make reference to the matter in its report on the financial statements for such years. In the fiscal years ended December 31, 2022 and 2023 and in the subsequent interim period through February 14, 2024, there were no "reportable events" (as described in Item 304(a)(1)(v) of Regulation S-K). The Company provided EY with a copy of the disclosures contained in this Form 8-K and requested that EY furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the statements contained herein. A copy of EY's letter, dated February 20, 2024, is filed as Exhibit 16.1 to this Current Report on Form 8-K. During the fiscal years ended December 31, 2022 and 2023

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 16.1 Letter from Ernst & Young LLP, dated February 20, 2024. 104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document. (1)

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 hereunto duly authorized. Rexford Industrial Realty, Inc. February 20, 2024 /s/ Michael S. Frankel Michael S. Frankel Co-Chief Executive Officer Rexford Industrial Realty, Inc. February 20, 2024 /s/ Howard Schwimmer Howard Schwimmer Co-Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR