StandardAero, Inc. Changes Certifying Accountant
Ticker: SARO · Form: 8-K · Filed: Nov 27, 2024 · CIK: 2025410
| Field | Detail |
|---|---|
| Company | Standardaero, Inc. (SARO) |
| Form Type | 8-K |
| Filed Date | Nov 27, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, corporate-action
TL;DR
StandardAero switched accountants, filing an 8-K on Nov 27, 2024.
AI Summary
StandardAero, Inc. filed an 8-K on November 27, 2024, reporting a change in its certifying accountant. The company, incorporated in Delaware with its principal executive offices in Scottsdale, Arizona, previously operated under the name Dynasty Parent Co., Inc. before changing its name on June 3, 2024.
Why It Matters
A change in a company's auditor can signal potential concerns about financial reporting or a strategic shift in how the company presents its financial health.
Risk Assessment
Risk Level: low — This filing solely reports a change in the company's auditor, which is a routine administrative event.
Key Players & Entities
- StandardAero, Inc. (company) — Registrant
- Dynasty Parent Co., Inc. (company) — Former Company Name
- June 3, 2024 (date) — Date of Name Change
- November 25, 2024 (date) — Date of Earliest Event Reported
- November 27, 2024 (date) — Filing Date
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report a change in StandardAero, Inc.'s certifying accountant.
When was the earliest event reported in this filing?
The earliest event reported in this filing was on November 25, 2024.
What was StandardAero, Inc.'s former name?
StandardAero, Inc.'s former name was Dynasty Parent Co., Inc.
On what date did StandardAero, Inc. change its name?
StandardAero, Inc. changed its name on June 3, 2024.
Where are StandardAero, Inc.'s principal executive offices located?
StandardAero, Inc.'s principal executive offices are located at 6710 North Scottsdale Road, Suite 250, Scottsdale, Arizona, 85253.
Filing Stats: 1,148 words · 5 min read · ~4 pages · Grade level 17.4 · Accepted 2024-11-26 18:09:36
Key Financial Figures
- $0.01 — ch registered Common stock, par value $0.01 per share SARO The New York Stock E
Filing Documents
- saro-20241125.htm (8-K) — 46KB
- saro-ex16_1.htm (EX-16.1) — 10KB
- img197805759_0.jpg (GRAPHIC) — 5KB
- 0000950170-24-131166.txt ( ) — 177KB
- saro-20241125.xsd (EX-101.SCH) — 24KB
- saro-20241125_htm.xml (XML) — 5KB
01 Changes in Registrant's Certifying Accountant
Item 4.01 Changes in Registrant's Certifying Accountant. On November 25, 2024, the Audit Committee of StandardAero, Inc. (the "Company") dismissed PricewaterhouseCoopers LLP, Canada ("PwC Canada") as its independent registered public accounting firm and appointed PricewaterhouseCoopers LLP, United States ("PwC United States") as the Company's new registered public accounting firm for the fiscal year ended December 31, 2024. PwC Canada's reports on the Company's consolidated financial statements for the fiscal years ended December 31, 2023 and December 31, 2022, 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 December 31, 2023 and December 31, 2022, and the subsequent interim period through November 25, 2024, there were no disagreements with PwC Canada on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of PwC Canada, would have caused PwC Canada to make reference to the subject matter of the disagreements as defined in Item 304(a)(1)(iv) of Regulation S-K in connection with any reports it would have issued, and there were no "reportable events", as such term is defined in Item 304(a)(1)(v) of Regulation S-K, except for the material weaknesses in the design of our internal controls over financial reporting, as disclosed in the Company's prospectus, dated October 1, 2024, filed with the Securities and Exchange Commission ("SEC") pursuant to Rule 424(b) under the Act, and the Company's Quarterly Report on Form 10-Q for the period ended September 30, 2024. In connection with the preparation of our consolidated financial statements for the years ended December 31, 2023 and 2022, we identified material weaknesses in the Company's internal control over financial reporting as the Company did not formally design or mai
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 16.1 Letter to Securities and Exchange Commissions from PricewaterhouseCoopers LLP, Canada, dated November 26, 2024 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 hereunto duly authorized. STANDARDAERO, INC . Date: November 26, 2024 By: /s/ Daniel Satterfield Daniel Satterfield Chief Financial Officer