RGC Resources Changes Accounting Firm, No Financial Impact Expected

TL;DR

**RGCO changed accountants; it's a normal business move, nothing to worry about.**

AI Summary

RGC Resources, Inc. (RGCO) announced on January 26, 2024, that it has changed its independent registered public accounting firm. This change is a routine disclosure and does not indicate any financial issues. For investors, this means the company is maintaining its financial oversight, which is a standard corporate governance practice and doesn't suggest any immediate impact on stock value.

Why It Matters

This filing indicates a standard corporate governance action, ensuring the company's financial statements continue to be independently audited, which is crucial for investor confidence.

Risk Assessment

Risk Level: low — Changing accounting firms is a common corporate event and does not inherently signal financial distress or significant risk.

Analyst Insight

Investors should note this as a routine corporate governance update. No immediate action is required based solely on this filing, but it's a good reminder to stay informed about the company's overall financial health and governance practices.

Key Players & Entities

• RGC RESOURCES INC (company) — the registrant filing the 8-K
• January 26, 2024 (date) — date of the earliest event reported regarding the change in certifying accountant
• 540-777-4427 (dollar_amount) — registrant's business phone number
• 000-26591 (dollar_amount) — Commission File Number for RGC Resources, Inc.
• 54-1909697 (dollar_amount) — IRS Employer Identification No. for RGC Resources, Inc.

FAQ

Key Financial Figures

• $5 — ge on Which Registered Common Stock , $5 Par Value RGCO NASDAQ Global Market

Filing Documents

• rgco20240130_8k.htm (8-K) — 25KB
• 0001437749-24-002544.txt ( ) — 154KB
• rgco-20240126.xsd (EX-101.SCH) — 3KB
• rgco-20240126_def.xml (EX-101.DEF) — 11KB
• rgco-20240126_lab.xml (EX-101.LAB) — 15KB
• rgco-20240126_pre.xml (EX-101.PRE) — 11KB
• rgco20240130_8k_htm.xml (XML) — 3KB

01

ITEM 4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT. The Audit Committee of the Board of Directors (the "Audit Committee") of RGC Resources, Inc. (the "Company") recently conducted an audit tender process to determine the Company's independent registered public accounting firm for the fiscal year ending September 30, 2024. The Committee invited several PCAOB registered public accounting firms to participate in this process. On January 26, 2024, the Audit Committee approved the engagement of Deloitte & Touche LLP ("Deloitte") as the Company's independent registered public accounting firm for the Company's fiscal year ending September 30, 2024, effective immediately. During the fiscal years ended September 30, 2022, and September 30, 2023, and the subsequent interim periods through January 26, 2024, neither the Company nor anyone acting on its behalf has consulted with Deloitte about (i) the application of accounting principles to a specific 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 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. The resignation of the Company's former independent registered public accounting firm was reported on a Form 8-K filed on January 11, 2024.

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. RGC RESOURCES, INC. Date: January 30, 2024 By: /s/ Timothy J. Mulvaney Timothy J. Mulvaney Vice President, Treasurer and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR