RCI Hospitality Changes Auditors to BDO USA
Ticker: RICK · Form: 8-K · Filed: Jan 27, 2025 · CIK: 935419
| Field | Detail |
|---|---|
| Company | Rci Hospitality Holdings, Inc. (RICK) |
| Form Type | 8-K |
| Filed Date | Jan 27, 2025 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, sec-filing
Related Tickers: RCII
TL;DR
RCII swapped auditors from WithumSmith+Brown to BDO USA, effective Jan 22.
AI Summary
RCI Hospitality Holdings, Inc. filed an 8-K on January 27, 2025, reporting a change in its certifying accountant. The company's independent registered public accounting firm has been changed from WithumSmith+Brown, PC to BDO USA, LLP. This change was effective as of January 22, 2025.
Why It Matters
A change in auditors can signal potential shifts in financial reporting scrutiny or strategic direction for the company.
Risk Assessment
Risk Level: low — The filing solely reports a change in the company's auditor, which is a routine administrative event.
Key Players & Entities
- RCI HOSPITALITY HOLDINGS, INC. (company) — Registrant
- WithumSmith+Brown, PC (company) — Former Certifying Accountant
- BDO USA, LLP (company) — New Certifying Accountant
- January 22, 2025 (date) — Effective date of auditor change
- January 27, 2025 (date) — Filing date of the 8-K
FAQ
Who was RCI Hospitality Holdings, Inc.'s previous certifying accountant?
RCI Hospitality Holdings, Inc.'s previous certifying accountant was WithumSmith+Brown, PC.
Who is RCI Hospitality Holdings, Inc.'s new certifying accountant?
RCI Hospitality Holdings, Inc.'s new certifying accountant is BDO USA, LLP.
When was the change in certifying accountant effective?
The change in certifying accountant was effective as of January 22, 2025.
What type of filing is this report?
This report is a Form 8-K, a Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934.
What is the principal executive office address for RCI Hospitality Holdings, Inc.?
The principal executive office address for RCI Hospitality Holdings, Inc. is 10737 Cutten Road, Houston, Texas 77066.
Filing Stats: 926 words · 4 min read · ~3 pages · Grade level 14.5 · Accepted 2025-01-27 06:23:05
Key Financial Figures
- $0.01 — ange on which registered Common stock, $0.01 par value RICK The Nasdaq Global Market
Filing Documents
- rick-20250122.htm (8-K) — 30KB
- formattachmentxchangeofacc.htm (EX-16.1) — 3KB
- 0001628280-25-002556.txt ( ) — 155KB
- rick-20250122.xsd (EX-101.SCH) — 2KB
- rick-20250122_lab.xml (EX-101.LAB) — 21KB
- rick-20250122_pre.xml (EX-101.PRE) — 12KB
- rick-20250122_htm.xml (XML) — 3KB
01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
ITEM 4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT. Based on information provided by Marcum LLP, the independent registered public accounting firm of RCI Hospitality Holdings, Inc. (the "Company"), effective November 1, 2024, CBIZ CPAs P.C. acquired the attest business of Marcum LLP ("Marcum"). On January 22, 2025, the Audit Committee of the Company's Board of Directors approved the dismissal of Marcum and the engagement of CBIZ CPAs P.C. to serve as the Company's independent registered public accounting firm. The services previously provided by Marcum will now be provided by CBIZ CPAs P.C. The reports of Marcum on the Company's consolidated financial statements for the fiscal years ended September 30, 2024, and 2023 did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles. During the fiscal years ended September 30, 2024, and 2023 and the interim period through January 22, 2025, the Company: (i) had no disagreements with Marcum on any matter of accounting principles or practices, financial statement disclosures or audit scope or procedure, which disagreements, if not resolved to the satisfaction of Marcum, would have caused them to make reference thereto in their report on the consolidated financial statements for such years; and (ii) had the following "reportable events" (as such term is defined in Item 304 of Regulation S-K): As disclosed in Part II, Item 9A of the Company's Form 10-Ks for the fiscal years ended September 30, 2024, and 2023, Marcum audited the Company's internal control over financial reporting as of the fiscal year end for both those periods and identified certain material weaknesses, which material weaknesses were also identified in management's assessment, and are as follows: (1) ineffective design and operation of controls over certain information technology general controls, including program change management, user access, and vendor mana
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits Exhibit Number Description 16.1 Letter from Marcum LLP to the Securities and Exc hange Commission regarding the Company ' s change in certifying accountant dated January 24 , 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
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. RCI HOSPITALITY HOLDINGS, INC. Date: January 24, 2025 By: /s/ Eric Langan Eric Langan President and Chief Executive Officer 3